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GOODWILL AND INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 26, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of components of amortized intangible assets
The components of amortized intangible assets at March 26, 2022 and December 25, 2021 were as follows:
March 26, 2022
Gross
Carrying
Amount
Accumulated
Amortization
Weighted
Average
Life
Customer Relationships
$225,201 $164,130 13 years
Patents & Proprietary Technology
58,657 15,978 9 years
Trade Name2,850 339 6 years
Other
4,511 4,087 6 years
$291,219 $184,534 
December 25, 2021
Gross
Carrying
Amount
Accumulated
Amortization
Weighted
Average
Life
Customer Relationships
$224,597 $160,626 13 years
Patents & Proprietary Technology
58,699 13,955 9 years
Trade Name2,850 183 7 years
Other
4,534 3,959 6 years
$290,680 $178,723 
Schedule of amortization expense for intangible assets
Amortization expense for intangible assets for the thirteen weeks ended March 26, 2022 and March 27, 2021, respectively was as follows:
Thirteen weeks ended
20222021
Amortization expense$5,849 $4,232 
Schedule of future estimated amortization expense Estimated annual amortization expense related to finite-lived intangible assets is as follows:
Estimated
Amortization
Expense
2022$20,044 
202317,783 
202415,869 
202514,435 
202614,012 
Schedule of non-amortized intangible assets The carrying value of trade names at March 26, 2022 and December 25, 2021 are as follows:
March 26,
2022
December 25,
2021
Year Acquired
Newmark$11,111 $11,111 2004
Convert Italia S.p.A8,238 8,479 2018
Webforge7,747 7,877 2010
Ingal EPS/Ingal Civil Products7,511 7,637 2010
Valmont SM5,904 6,082 2014
Shakespeare4,000 4,000 2014
Walpar3,500 3,500 2018
Other14,729 14,721 Various
$62,740 $63,407 
Schedule of carrying amount of goodwill The carrying amount of goodwill by segment as of March 26, 2022 and December 25, 2021 was as follows:
Infrastructure SegmentAgriculture
Segment
Total
Gross Balance December 25, 2021$456,876 $313,512 $770,388 
   Accumulated impairment losses(61,822)— (61,822)
Balance at December 25, 2021395,054 313,512 708,566 
Foreign currency translation(1,584)710 (874)
Balance at March 26, 2022$393,470 $314,222 $707,692