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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
9 Months Ended
Sep. 28, 2024
GOODWILL AND OTHER INTANGIBLE ASSETS  
Schedule of Carrying Amount of Goodwill

The carrying amount of goodwill by segment as of September 28, 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

 

 

331

 

331

Foreign currency translation

 

3,419

 

(289)

 

3,130

Balance as of September 28, 2024

$

432,700

$

203,725

$

636,425

Infrastructure

    

Agriculture

    

Total

Gross balance as of September 28, 2024

$

482,082

$

323,725

$

805,807

Accumulated impairment losses

(49,382)

(120,000)

(169,382)

Balance as of September 28, 2024

$

432,700

$

203,725

$

636,425

Schedule of Components of Intangible Assets

September 28, 2024

 

December 30, 2023

Gross

 

Gross

Carrying

Accumulated

 

Carrying

Accumulated

    

Amount

    

Amortization

 

Amount

    

Amortization

Amortizing intangible assets:

Customer relationships

$

234,987

$

167,652

$

233,852

$

157,873

Patents and proprietary technology

 

60,107

 

46,880

 

59,311

 

45,416

Trade names

 

2,870

1,369

 

2,870

 

1,056

Other

 

4,505

 

4,380

 

4,787

 

4,538

Non-amortizing intangible assets:

Trade names

59,690

58,750

$

362,159

$

220,281

$

359,570

$

208,883