Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 28, 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		18,501		—		18,501
Foreign currency translation adjustment		1,041		14,192		15,233
Balance as of September 28, 2024 (a)	$	894,736	$	1,189,424	$	2,084,160

(a) The total carrying value of goodwill as of September 28, 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 ECS reportable segment.

Schedule of intangible assets, net

Intangible assets, net, are comprised of the following as of September 28, 2024:

	Gross
	Carrying		Accumulated
(thousands)	Amount		Amortization		Net
Customer relationships	$	255,731	$	(168,228)	$	87,503
Amortizable trade name		74,002		(56,192)		17,810
	$	329,733	$	(224,420)	$	105,313

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