GOODWILL AND INTANGIBLE ASSETS (Tables)

3 Months Ended

Apr. 01, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Components of Amortized Intangible Assets

The components of amortized intangible assets at April 1, 2023 and December 31, 2022 were as follows:

	April 1, 2023
	Gross				Weighted
	Carrying		Accumulated		Average
	Amount		Amortization		Life
Customer Relationships	$	223,388	$	149,136	13 years
Patents & Proprietary Technology		58,687		23,350	9 years
Trade Name		2,850		746	7 years
Other		2,647		2,289	5 years
	$	287,572	$	175,521

	December 31, 2022
	Gross				Weighted
	Carrying		Accumulated		Average
	Amount		Amortization		Life
Customer Relationships	$	222,716	$	145,502	13 years
Patents & Proprietary Technology		58,404		21,291	9 years
Trade Name		2,850		645	7 years
Other		2,462		2,164	5 years
	$	286,432	$	169,602

Schedule of Future Estimated Amortization Expense

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

	Estimated
	Amortization
	Expense
Remainder of 2023	$	15,804
2024		19,028
2025		17,348
2026		12,834
2027		9,653
2028		8,837

Schedule of Non-Amortized Intangible Assets

The carrying value of trade names at April 1, 2023 and December 31, 2022 are as follows:

	April 1,		December 31,		Year
	2023		2022		Acquired
Newmark	$	11,111	$	11,111	2004
Convert Italia S.p.A.		8,131		8,024	2018
Webforge		7,248		7,107	2010
Ingal EPS / Ingal Civil Products		7,027		6,891	2010
ConcealFab		5,000		5,000	2022
Shakespeare		4,000		4,000	2014
Walpar		3,500		3,500	2018
Other		14,232		14,152	Various
	$	60,249	$	59,785

Schedule of Carrying Amount of Goodwill

The carrying amount of goodwill by segment at April 1, 2023 and December 31, 2022 was as follows:

	Infrastructure		Agriculture
	Segment		Segment		Total
Gross Balance December 31, 2022	$	473,551	$	313,777	$	787,328
Accumulated impairment losses		(47,467)		—		(47,467)
Balance at December 31, 2022		426,084		313,777		739,861
Foreign currency translation		1,704		170		1,874
Balance at April 1, 2023	$	427,788	$	313,947	$	741,735

	Infrastructure		Agriculture
	Segment		Segment		Total
Gross Balance April 1, 2023	$	475,255	$	313,947	$	789,202
Accumulated impairment losses		(47,467)		—		(47,467)
Balance at April 1, 2023	$	427,788	$	313,947	$	741,735

Schedule of amortization expense for intangible assets

Amortization expense for intangible assets for the thirteen weeks ended April 1, 2023 and March 26, 2022, respectively, was as follows:

	Thirteen weeks ended
	2023		2022
Amortization expense	$	5,190	$	5,849