XML 23 R12.htm IDEA: XBRL DOCUMENT v3.26.1
Goodwill and Intangible Assets
 3 Months Ended
Mar. 29, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
 
(a)    Goodwill
 
    The carrying amounts of goodwill as of March 29, 2026 and December 28, 2025 by reportable segment are as follows (in millions):
As of March 29, 2026
KGSUSTotal
Gross value$998.8 $138.6 $1,137.4 
Less accumulated impairment239.5 13.8 253.3 
Net$759.3 $124.8 $884.1 
As of December 28, 2025
KGSUSTotal
Gross value$710.4 $138.6 849.0 
Less accumulated impairment239.5 13.8 253.3 
Net$470.9 $124.8 $595.7 
    

The following table is a summary of preliminary goodwill (in millions):

KGSUSTotal
Beginning balance as of December 28, 2025
$470.9 $124.8 $595.7 
Acquisition of Orbit Technologies, Ltd.187.5— 187.5 
Acquisition of Nomad Global Communication Solutions, Incorporated.100.9— 100.9 
Ending balance as of March 29, 2026
$759.3 $124.8 $884.1 


(b)    Purchased Intangible Assets
 
The following table sets forth information for finite-lived and indefinite-lived intangible assets (in millions): 
 As of March 29, 2026As of December 28, 2025
 Gross
Value		Accumulated
Amortization		Net
Value		Gross
Value		Accumulated
Amortization		Net
Value
Acquired finite-lived intangible assets:    
Customer relationships$123.6 $(69.3)$54.3 $86.7 $(68.2)$18.5 
Contracts and backlog86.7 (50.3)36.4 54.5 (47.7)6.8 
Non-compete Agreements
0.5 (0.1)0.4 0.5 (0.1)0.4 
Developed technology and technical know-how49.9 (31.4)18.5 35.1 (30.8)4.3 
Trade names92.1 (4.9)87.2 4.4 (3.5)0.9 
In-process research and development16.8 (0.8)16.0 16.8 (0.7)16.1 
Total finite-lived intangible assets369.6 (156.8)212.8 198.0 (151.0)47.0 
Indefinite-lived trade names6.9 — 6.9 6.9 — 6.9 
Total intangible assets$376.5 $(156.8)$219.7 $204.9 $(151.0)$53.9 

Consolidated amortization expense related to intangible assets subject to amortization was $5.8 million and $2.2 million for the three months ended March 29, 2026 and March 30, 2025, respectively.
The estimated future amortization expense of acquired intangible assets with finite lives for the remainder of 2026 and the next five fiscal years, and thereafter as of March 29, 2026 is as follows (in millions):
Amount
2026
$34.6 
2027
43.7 
2028
27.1 
2029
24.8 
2030
24.3 
2031
21.6 
Thereafter
36.7 
     Total
$212.8