GOODWILL AND INTANGIBLE ASSETS (Tables)

9 Months Ended

Sep. 24, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of components of amortized intangible assets

The components of amortized intangible assets as of September 24, 2022 and December 25, 2021 were as follows:

	September 24, 2022
	Gross				Weighted
	Carrying		Accumulated		Average
	Amount		Amortization		Life
Customer Relationships	$	241,049	$	160,896	13 years
Patents & Proprietary Technology		57,202		19,572	8 years
Trade Name		2,850		543	7 years
Other		4,415		4,091	6 years
	$	305,516	$	185,102

	December 25, 2021
	Gross				Weighted
	Carrying		Accumulated		Average
	Amount		Amortization		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 thirty-nine weeks ended September 24, 2022 and September 25, 2021, respectively was as follows:

	Thirteen weeks ended				Thirty-nine weeks ended
	2022		2021		2022		2021
Amortization expense	$	5,386	$	6,137	$	16,766	$	15,551

Schedule of future estimated amortization expense

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

	Estimated
	Amortization
	Expense
2022	$	22,021
2023		20,631
2024		18,703
2025		17,269
2026		12,743

Schedule of non-amortized intangible assets

	September 24,		December 25,		Year
	2022		2021		Acquired
Newmark	$	11,111	$	11,111	2004
Convert Italia S.p.A		7,266		8,479	2018
Webforge		6,375		7,877	2010
Ingal EPS/Ingal Civil Products		6,181		7,637	2010
Valmont SM		5,209		6,082	2014
ConcealFab		5,000		—	2022
Shakespeare		4,000		4,000	2014
Walpar		3,500		3,500	2018
Other		13,741		14,721	Various
	$	62,383	$	63,407

Schedule of carrying amount of goodwill

The carrying amount of goodwill by segment as of September 24, 2022 and December 25, 2021 was as follows:

	Infrastructure		Agriculture
	Segment		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		42,465		—		42,465
Foreign currency translation		(22,726)		282		(22,444)
Balance at September 24, 2022	$	414,793	$	313,794	$	728,587

	Infrastructure		Agriculture
	Segment		Segment		Total
Gross Balance September 24, 2022	$	476,615	$	313,794	$	790,409
Accumulated impairment losses		(61,822)		—		(61,822)
Balance at September 24, 2022	$	414,793	$	313,794	$	728,587