GOODWILL AND OTHER INTANGIBLE ASSETS

9 Months Ended

Sep. 28, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill represents the premium paid over the fair value of the net tangible and identifiable intangible assets acquired in the Company's business combinations. There were no changes to goodwill during the 39-week period ended September 28, 2025.

No goodwill impairment charges were incurred during the 13-week and 39-week periods ended September 28, 2025 and September 29, 2024, respectively. Potential changes in the Company's costs and operating structure, the implementation of synergies, and overall performance in the automotive aftermarket industry, could negatively impact near-term cash-flow projections and could trigger a potential impairment of the Company's goodwill and / or indefinite-lived intangible assets. In addition, failure to execute the Company's strategic plans as well as increases in weighted average costs of capital could negatively impact the fair value of the reporting unit and increase the risk of future impairment charges.

On January 1, 2025, the Company, entered into an agreement with Cataclean Global Limited ("Cataclean") to purchase a perpetual exclusive license in North America for developing, manufacturing, marketing, distributing, using and selling existing Cataclean products as well as future product formulations in all sales channels in North America for a total purchase price of $23,800. The Cataclean perpetual license agreement of $23,800 is included in other intangible assets, net in the condensed consolidated balance sheets. As of September 28, 2025, the Company has paid $16,660 to Cataclean and the remaining $7,140 is included in accrued liabilities in the condensed consolidated balance sheets.

Intangible assets consisted of the following:

	September 28, 2025
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
Finite-lived intangible assets:
Customer relationships	$	269,235	$	(75,490)	$	193,745
Tradenames	13,775		(6,837)		6,938
Technology	27,559		(16,996)		10,563
Total finite-lived intangible assets	$	310,569	$	(99,323)	$	211,246
Indefinite-lived intangible assets:
Tradenames	$	165,278	—		$	165,278
License agreement	23,800		—		23,800
Total indefinite-lived intangible assets	$	189,078	—		$	189,078

	December 31, 2024
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
Finite-lived intangible assets:
Customer relationships	$	269,950	$	(67,426)	$	202,524
Tradenames	13,775		(6,294)		7,481
Technology	26,676		(15,265)		11,411
Total finite-lived intangible assets	$	310,401	$	(88,985)	$	221,416
Indefinite-lived intangible assets:
Tradenames	$	165,260	—		$	165,260

The following outlines the estimated amortization expense related to finite-lived intangible assets held as of September 28, 2025:

2025 (excluding the thirty-nine weeks ended September 28, 2025)	$	3,414
2026	13,552
2027	13,546
2028	13,546
2029	13,546
Thereafter	153,642
Total	$	211,246