Goodwill and Intangible Assets (Tables)

3 Months Ended

Apr. 01, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill of companies acquired

Goodwill of companies acquired, allocated to the company’s business segments, is as follows:

(thousands)	Global Components		Global ECS		Total
Balance as of December 31, 2022 (a)	$	873,003	$	1,154,623	$	2,027,626
Foreign currency translation adjustment	1,047		7,404		8,451
Balance as of April 1, 2023 (a)	$	874,050	$	1,162,027	$	2,036,077

(a)     The total carrying value of goodwill as of April 1, 2023 and December 31, 2022 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 business segment and $301.9 million was recorded in the global enterprise computing solutions ("ECS") business segment.

Schedule of Intangible assets, net

Intangible assets, net, are comprised of the following as of April 1, 2023:

(thousands)	Gross Carrying Amount		Accumulated Amortization		Net
Customer relationships	$	268,389	$	(150,254)	$	118,135
Amortizable trade name	74,027		(40,941)		33,086
	$	342,416	$	(191,195)	$	151,221

Intangible assets, net, are comprised of the following as of December 31, 2022:

(thousands)	Gross Carrying Amount		Accumulated Amortization		Net
Customer relationships	$	268,180	$	(144,655)	$	123,525
Amortizable trade name	74,011		(38,399)		35,612
	$	342,191	$	(183,054)	$	159,137