Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 29, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of 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
	KGS		US		Total
Gross value	$	998.8	$	138.6	$	1,137.4
Less accumulated impairment	239.5		13.8		253.3
Net	$	759.3	$	124.8	$	884.1

	As of December 28, 2025
	KGS		US		Total
Gross value	$	710.4	$	138.6	849.0
Less accumulated impairment	239.5		13.8		253.3
Net	$	470.9	$	124.8	$	595.7

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

	KGS		US		Total
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

Schedule of Finite-Lived Intangible Assets

Based on the Company’s preliminary estimate of fair value as of March 2, 2026, the identifiable intangible assets include the amounts in the following table ($ in millions):

Intangible	Estimated Life	Value
Customer relationships	10	24.7
Contracts and backlog	2	21.5
Developed technology	5	9.9
Trade names	7	58.7
Total		$	114.8

Based on the Company’s preliminary estimate of fair value as of February 11, 2026, the identifiable intangible assets include the amounts in the following table (in millions):

Intangible	Estimated Life	Value
Customer relationships	10	12.2
Contracts and backlog	2	10.7
Developed technology	5	4.9
Trade names	7	29.0
Total		$	56.8

The following table sets forth information for finite-lived and indefinite-lived intangible assets (in millions): 

	As of March 29, 2026						As 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 backlog	86.7		(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-how	49.9		(31.4)		18.5		35.1		(30.8)		4.3
Trade names	92.1		(4.9)		87.2		4.4		(3.5)		0.9
In-process research and development	16.8		(0.8)		16.0		16.8		(0.7)		16.1
Total finite-lived intangible assets	369.6		(156.8)		212.8		198.0		(151.0)		47.0
Indefinite-lived trade names	6.9		—		6.9		6.9		—		6.9
Total intangible assets	$	376.5	$	(156.8)	$	219.7	$	204.9	$	(151.0)	$	53.9

Schedule of Intangible Assets (Indefinite-Lived)

The following table sets forth information for finite-lived and indefinite-lived intangible assets (in millions): 

	As of March 29, 2026						As 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 backlog	86.7		(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-how	49.9		(31.4)		18.5		35.1		(30.8)		4.3
Trade names	92.1		(4.9)		87.2		4.4		(3.5)		0.9
In-process research and development	16.8		(0.8)		16.0		16.8		(0.7)		16.1
Total finite-lived intangible assets	369.6		(156.8)		212.8		198.0		(151.0)		47.0
Indefinite-lived trade names	6.9		—		6.9		6.9		—		6.9
Total intangible assets	$	376.5	$	(156.8)	$	219.7	$	204.9	$	(151.0)	$	53.9

Schedule of Future Amortization Expense of Acquired Intangibles

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