XML 57 R41.htm IDEA: XBRL DOCUMENT v3.25.0.1
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 28, 2024
GOODWILL AND OTHER INTANGIBLE ASSETS  
Schedule of Carrying Amount of Goodwill

As of December 28, 2024 and December 30, 2023, the carrying amounts of goodwill by segment were 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

Divestiture

(1,509)

(1,509)

Foreign currency translation

 

(6,166)

 

(1,773)

 

(7,939)

Balance as of December 28, 2024

$

421,606

$

202,241

$

623,847

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

Acquisition

 

 

9,177

 

9,177

Divestiture

(160)

(160)

Impairments

(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

Schedule of Components of Intangible Assets

December 28, 2024

 

December 30, 2023

Gross

 

Gross

Carrying

Accumulated

 

Carrying

Accumulated

    

Amount

    

Amortization

 

Amount

    

Amortization

Amortizing intangible assets:

Customer relationships

$

230,063

$

166,516

$

233,852

$

157,873

Patents and proprietary technology

 

26,225

 

13,829

 

59,311

 

45,416

Trade names

 

2,870

2,654

 

2,870

 

1,056

Other

 

4,430

 

4,245

 

4,787

 

4,538

Non-amortizing intangible assets:

Trade names

57,738

58,750

$

321,326

$

187,244

$

359,570

$

208,883