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GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Components of Amortized Intangible Assets

The components of intangible assets as of December 30, 2023 and December 31, 2022 were as follows:

December 30, 2023

 

December 31, 2022

Gross

 

Gross

Carrying

Accumulated

 

Carrying

Accumulated

    

Amount

    

Amortization

 

Amount

    

Amortization

Amortizing intangible assets:

Customer relationships

$

233,852

$

157,873

$

222,716

$

145,502

Patents & proprietary technology

 

59,311

 

45,416

 

58,404

 

21,291

Trade names

 

2,870

 

1,056

 

2,850

 

645

Other

 

4,787

 

4,538

 

2,462

 

2,164

Non-amortizing intangible assets:

Trade names

58,750

59,785

$

359,570

$

208,883

$

346,217

$

169,602

Schedule of Carrying Amount of Goodwill

The carrying amount of goodwill by segment as of December 30, 2023 and December 31, 2022 was as follows:

Infrastructure

Agriculture

Total

Gross balance as of December 31, 2022

$

473,551

$

313,777

$

787,328

Accumulated impairment losses

 

(47,467)

 

 

(47,467)

Balance as of December 31, 2022

 

426,084

 

313,777

739,861

Acquisitions

 

 

9,177

 

9,177

Divestiture

(160)

(160)

Impairment

(1,915)

(120,000)

(121,915)

Foreign currency translation

 

5,112

 

889

 

6,001

Balance as of December 30, 2023

$

429,281

$

203,683

$

632,964

Infrastructure

Agriculture

Total

Gross balance as of December 25, 2021

$

442,521

$

313,512

$

756,033

Accumulated impairment losses

 

(47,467)

 

 

(47,467)

Balance as of December 25, 2021

 

395,054

 

313,512

 

708,566

Acquisitions

 

42,465

 

 

42,465

Foreign currency translation

 

(11,435)

 

265

 

(11,170)

Balance as of December 31, 2022

$

426,084

$

313,777

$

739,861