Goodwill and Other Intangible Assets, Net (Tables)

12 Months Ended

Dec. 29, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Changes in the carrying value of goodwill for the years ended December 29, 2023 and December 30, 2022 are summarized as follows:

Balance - December 31, 2021	$	580,761
Additions (a)	12,184
Cumulative translation adjustments	(759)
Balance - December 30, 2022	592,186
Cumulative translation adjustments	203
Balance - December 29, 2023	$	592,389

(a)Goodwill increased by $12,184 for the year ended December 30, 2022 due to the acquisitions of Staub and Clare. See Note 3 for additional details on the Company’s acquisitions.

Schedule of Indefinite-Lived Intangible Assets

As of December 29, 2023, and December 30, 2022, other intangible assets, net, consisted of the following:

		December 29, 2023
	Estimated Useful Life	Gross Carrying Amount (b)		Accumulated Amortization		Net Carrying Amount
Customer relationships	5 – 25 years	$	521,099	$	(149,772)	$	371,327
Technology	4 – 15 years	98,478		(71,056)		27,422
Trade names – definite	2 – 10 years	59,995		(30,231)		29,764
Trade names – indefinite	indefinite	76,564		—		76,564
Total intangible assets		$	756,136	$	(251,059)	$	505,077

		December 30, 2022
	Estimated Useful Life	Gross Carrying Amount (b)		Accumulated Amortization		Net Carrying Amount
Customer relationships	5 – 25 years	$	520,825	$	(123,393)	$	397,432
Technology	4 – 15 years	98,478		(54,391)		44,087
Trade names – definite	2 – 10 years	59,963		(23,627)		36,336
Trade names – indefinite	indefinite	76,564		—		76,564
Total intangible assets		$	755,830	$	(201,411)	$	554,419

(b)Amounts include any net changes in intangible asset balances for the periods presented that resulted from foreign currency translation.

Schedule of Finite-Lived Intangible Assets

As of December 29, 2023, and December 30, 2022, other intangible assets, net, consisted of the following:

		December 29, 2023
	Estimated Useful Life	Gross Carrying Amount (b)		Accumulated Amortization		Net Carrying Amount
Customer relationships	5 – 25 years	$	521,099	$	(149,772)	$	371,327
Technology	4 – 15 years	98,478		(71,056)		27,422
Trade names – definite	2 – 10 years	59,995		(30,231)		29,764
Trade names – indefinite	indefinite	76,564		—		76,564
Total intangible assets		$	756,136	$	(251,059)	$	505,077

		December 30, 2022
	Estimated Useful Life	Gross Carrying Amount (b)		Accumulated Amortization		Net Carrying Amount
Customer relationships	5 – 25 years	$	520,825	$	(123,393)	$	397,432
Technology	4 – 15 years	98,478		(54,391)		44,087
Trade names – definite	2 – 10 years	59,963		(23,627)		36,336
Trade names – indefinite	indefinite	76,564		—		76,564
Total intangible assets		$	755,830	$	(201,411)	$	554,419

(b)Amounts include any net changes in intangible asset balances for the periods presented that resulted from foreign currency translation.

Schedule of Finite-Lived Intangible Assets, Estimated Amortization Expense

As of December 29, 2023, the estimated amortization expense for intangible assets for the next five fiscal years and thereafter are as follows:

2024	$	43,204
2025	35,588
2026	35,233
2027	34,417
2028	33,871
Thereafter	246,200
Total	$	428,513