Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 27, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Changes in Carrying Amount of Goodwill by Segment

Changes in the carrying amount of goodwill by segment during the six months ended June 27, 2025, were as follows:

(In millions)	Products		Services		Total
Balance at December 27, 2024	$	191.8	$	73.5	$	265.3
Impairment of Goodwill	(77.6)		(73.5)		(151.1)
Balance at June 27, 2025	$	114.2	$	—	$	114.2

Summary of Purchased Intangible Assets

Details of intangible assets were as follows:

		As of June 27, 2025						As of December 27, 2024
(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	$	(126.8)	$	80.4	$	207.2	$	(117.4)	$	89.8
Recipes	20	73.2		(25.0)		48.2		73.2		(23.2)		50.0
Intellectual property/know-how	7 - 15	48.9		(25.0)		23.9		48.9		(22.8)		26.1
Tradename	4 - 6*	32.5		(23.2)		9.3		32.5		(22.9)		9.6
Standard operating procedures	20	8.6		(2.9)		5.7		8.6		(2.7)		5.9
Developed technology	5	4.6		(1.5)		3.1		4.6		(1.1)		3.5
Total		$	375.0	$	(204.4)	$	170.6	$	375.0	$	(190.1)	$	184.9

*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.

Summary of Future Estimated Amortization Expense

As of June 27, 2025, future estimated amortization expense is expected to be as follows:

(In millions)	Amortization Expense
2025 (remaining in year)	$	13.8
2026	27.2
2027	26.9
2028	23.8
2029	16.2
Thereafter	53.7
Total	$	161.6