GOODWILL AND INTANGIBLE ASSETS, NET (Tables)

9 Months Ended

Oct. 01, 2022

GOODWILL AND INTANGIBLE ASSETS, NET

Schedule of Intangible assets

Intangible assets, net as of October 1, 2022 consisted of the following (in thousands):

	October 1, 2022
	Gross		Foreign
	Carrying		Currency		Accumulated		Net
	Amount		Translation		Amortization		Amount
Trade names and trademarks	$	148,100	$	(578)	$	21,333	$	126,189
Patented technology		16,126		2		6,520		9,608
Technology		13,000		—		722		12,278
Pool designs		13,628		(276)		1,803		11,549
Franchise relationships		1,187		25		990		222
Dealer relationships		197,376		1		42,760		154,617
Backlog		1,600				1,600		—
Non-competition agreements		2,476		—		1,875		601
	$	393,493	$	(826)	$	77,603	$	315,064

Intangible assets, net as of December 31, 2021 consisted of the following (in thousands):

	December 31, 2021
	Gross		Foreign
	Carrying		Currency		Accumulated		Net
	Amount		Translation		Amortization		Amount
Trade names and trademarks	$	148,100	$	439	$	16,382	$	132,157
Patented technology		16,126		65		5,205		10,986
Technology		13,000		—		72		12,928
Pool designs		13,628		265		1,101		12,792
Franchise relationships		1,187		54		767		474
Dealer relationships		197,376		22		30,838		166,560
Backlog		1,600		—		160		1,440
Non-competition agreements		2,476		—		1,503		973
	$	393,493	$	845	$	56,028	$	338,310

Schedule of estimated amortization expense related to definite-lived intangible assets

The Company estimates that amortization expense related to definite-lived intangible assets will be as follows in each of the next five years and thereafter (in thousands):

	Estimated Future
Year Ended	Amortization Expense
Remainder of fiscal 2022	$	6,680
2023		26,528
2024		25,708
2025		25,550
2026		25,550
Thereafter		205,048
	$	315,064