Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 30, 2024

Goodwill and Intangible Assets

Schedule of goodwill of companies acquired

	Global
(thousands)	Components		Global ECS		Total
Balance as of December 31, 2023 (a)	$	875,194	$	1,175,232	$	2,050,426
Acquisitions		17,275		—		17,275
Foreign currency translation adjustment		(3,959)		(9,206)		(13,165)
Balance as of March 30, 2024 (a)	$	888,510	$	1,166,026	$	2,054,536

(a) The total carrying value of goodwill as of March 30, 2024, and December 31, 2023 in the table above is reflected net of $1.6 billion of accumulated impairment charges, of which $1.3 billion was recorded in the global components reportable segment and $301.9 million was recorded in the global enterprise computing solutions (“ECS”) reportable segment.

Schedule of intangible assets, net

Intangible assets, net, are comprised of the following as of March 30, 2024:

	Gross
	Carrying		Accumulated
(thousands)	Amount		Amortization		Net
Customer relationships	$	257,263	$	(160,240)	$	97,023
Amortizable trade name		73,359		(51,108)		22,251
	$	330,622	$	(211,348)	$	119,274

Intangible assets, net, are comprised of the following as of December 31, 2023:

	Gross
	Carrying		Accumulated
(thousands)	Amount		Amortization		Net
Customer relationships	$	258,337	$	(156,141)	$	102,196
Amortizable trade name		73,811		(48,567)		25,244
	$	332,148	$	(204,708)	$	127,440