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GOODWILL AND INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Carrying Amount of Goodwill

The carrying amount of goodwill by segment as of March 30, 2024 and December 30, 2023 was as follows:

    

Infrastructure

    

Agriculture

    

Total

Gross balance as of December 30, 2023

$

478,663

$

323,683

$

802,346

Accumulated impairment losses

 

(49,382)

 

(120,000)

 

(169,382)

Balance as of December 30, 2023

 

429,281

 

203,683

632,964

Acquisition measurement period adjustment

 

 

735

 

735

Foreign currency translation

 

(2,588)

 

(1,223)

 

(3,811)

Balance as of March 30, 2024

$

426,693

$

203,195

$

629,888

Infrastructure

    

Agriculture

    

Total

Gross balance as of March 30, 2024

$

476,075

$

323,195

$

799,270

Accumulated impairment losses

(49,382)

(120,000)

(169,382)

Balance as of March 30, 2024

$

426,693

$

203,195

$

629,888

Schedule of Components of Intangible Assets

March 30, 2024

 

December 30, 2023

Gross

 

Gross

Carrying

Accumulated

 

Carrying

Accumulated

    

Amount

    

Amortization

 

Amount

    

Amortization

Amortizing intangible assets:

Customer relationships

$

232,253

$

160,181

$

233,852

$

157,873

Patents & proprietary technology

 

59,243

 

45,710

 

59,311

 

45,416

Trade names

 

2,870

1,160

 

2,870

 

1,056

Other

 

4,732

 

4,520

 

4,787

 

4,538

Non-amortizing intangible assets:

Trade names

58,312

58,750

$

357,410

$

211,571

$

359,570

$

208,883