Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 28, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Details of Goodwill

Details of aggregate goodwill of the Company are as follows:

(In millions)	Products		Services		Total
Balance at June 28, 2024	$	191.7	$	73.5	$	265.2

Purchased Intangible Assets

Details of intangible assets were as follows:

		As of June 28, 2024						As of December 29, 2023
(Dollars in millions)	Useful Life (In years)	Gross Carrying Amount		Accumulated Amortization		Carrying Value		Gross Carrying Amount		Accumulated Amortization		Carrying Value
Customer relationships	6 - 10	$	207.2	$	(107.5)	$	99.7	$	207.2	$	(97.5)	$	109.7
Recipes	20	73.2		(21.4)		51.8		73.2		(19.5)		53.7
Intellectual property/know-how	7 - 15	48.9		(20.6)		28.3		48.9		(18.4)		30.5
Tradename	4 - 6*	32.5		(22.5)		10.0		32.5		(22.1)		10.4
Standard operating procedures	20	8.6		(2.5)		6.1		8.6		(2.3)		6.3
Developed technology	5	4.6		(0.6)		4.0		4.6		(0.2)		4.4
Backlog	1	0.6		(0.5)		0.1		0.6		(0.3)		0.3
Total		$	375.6	$	(175.6)	$	200.0	$	375.6	$	(160.3)	$	215.3

*The Company concluded that the asset life of UCT tradename of $9.0 million is indefinite and is therefore not amortized but is reviewed for impairment at least annually and whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable.

Future Estimated Amortization Expense

As of June 28, 2024, future estimated amortization expense is expected to be as follows:

(In millions)	Amortization Expense
2024 (remaining in year)	$	15.1
2025	28.1
2026	27.2
2027	26.9
2028	23.8
Thereafter	69.9
Total	$	191.0