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Goodwill and Other Intangible Assets, Net
6 Months Ended
Jul. 01, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets, Net Goodwill and Other Intangible Assets, Net
Goodwill as of July 1, 2022, and December 31, 2021, was $590,199 and $580,761, respectively. Goodwill increased by $9,438 in 2022 due to the acquisition of Staub. During the year ended December 31, 2021, goodwill increased by $21,026 due to the acquisition of Access Networks. See Note 3 of the Notes to the Condensed Consolidated Financial Statements for more information regarding Staub and Access Networks.

As of July 1, 2022, and December 31, 2021, other intangible assets, net, consisted of the following:

July 1, 2022
Estimated
Useful Life
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
Customer relationships
5 – 25 years
$521,846 $(110,117)$411,729 
Technology
5 – 15 years
95,078 (46,129)48,949 
Trade names – definite
2 – 10 years
59,185 (20,268)38,917 
Trade names – indefiniteindefinite76,564 — 76,564 
Total intangible assets$752,673 $(176,514)$576,159 

December 31, 2021
Estimated
Useful Life
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
Customer relationships
5 – 25 years
$509,162 $(96,149)$413,013 
Technology
5 – 15 years
95,078 (38,221)56,857 
Trade names – definite
2 – 10 years
57,660 (16,902)40,758 
Trade names – indefiniteindefinite76,564 — 76,564 
Total intangible assets$738,464 $(151,272)$587,192 

Total amortization expense for intangible assets for the three months ended July 1, 2022, and June 25, 2021, was $12,581 and $12,079, respectively. Total amortization expense for intangible assets for the six months ended July 1, 2022, and June 25, 2021, was $25,242 and $23,967, respectively. The weighted-average useful life remaining for amortizing definite lived intangible assets was approximately 14.8 years as of July 1, 2022.

As of July 1, 2022, the estimated amortization expense for intangible assets for the next five fiscal years and thereafter are as follows:


Remainder of 2022
$24,601 
202348,705 
202442,204 
202534,588 
202634,588 
2027 and thereafter
314,909 
Total$499,595