GOODWILL AND INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 25, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of components of amortized intangible assets

The components of amortized intangible assets at June 25, 2022 and December 25, 2021 were as follows:

	June 25, 2022
	Gross Carrying Amount		Accumulated Amortization		Weighted Average Life
Customer Relationships	$	246,965	$	163,494	13 years
Patents & Proprietary Technology	58,188		17,861		9 years
Trade Name	2,850		441		7 years
Other	4,476		4,113		6 years
	$	312,479	$	185,909

	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 Name	2,850		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 and twenty-six weeks ended June 25, 2022 and June 26, 2021, respectively was as follows:

	Thirteen weeks ended				Twenty-six weeks ended
	2022		2021		2022		2021
Amortization expense	$	5,531	$	5,182	$	11,380	$	9,414

Schedule of future estimated amortization expense

Estimated annual amortization expense related to finite-lived intangible assets is as follows:

	Estimated Amortization Expense
2022	$	21,425
2023	19,588
2024	17,675
2025	16,241
2026	15,823

Schedule of non-amortized intangible assets

The carrying value of trade names at June 25, 2022 and December 25, 2021 are as follows:

	June 25, 2022		December 25, 2021		Year Acquired
Newmark	$	11,111	$	11,111	2004
Convert Italia S.p.A	7,916		8,479		2018
Webforge	7,215		7,877		2010
Ingal EPS/Ingal Civil Products	6,996		7,637		2010
Valmont SM	5,673		6,082		2014
ConcealFab	5,000		—		2022
Shakespeare	4,000		4,000		2014
Walpar	3,500		3,500		2018
Other	14,352		14,721		Various
	$	65,763	$	63,407

Schedule of carrying amount of goodwill

The carrying amount of goodwill by segment as of June 25, 2022 and December 25, 2021 was as follows:

	Infrastructure Segment		Agriculture Segment		Total
Gross Balance December 25, 2021	$	456,876	$	313,512	$	770,388
Accumulated impairment losses	(61,822)		—		(61,822)
Balance at December 25, 2021	395,054		313,512		708,566
Acquisitions	42,640		—		42,640
Foreign currency translation	(9,759)		296		(9,463)
Balance at June 25, 2022	$	427,935	$	313,808	$	741,743

	Infrastructure Segment		Agriculture Segment		Total
Gross Balance June 25, 2022	$	489,757	$	313,808	$	803,565
Accumulated impairment losses	$	(61,822)	$	—	$	(61,822)
Balance at June 25, 2022	$	427,935	$	313,808	$	741,743