Intangibles

6 Months Ended

Jul. 01, 2023

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Intangible Assets Disclosure [Text Block]

Intangibles

Intangible assets consist of the following (in thousands):

	July 1, 2023					December 31, 2022
	Estimated Weighted Avg Remaining Life	Gross Carrying Amount		Accumulated Amortization		Estimated Weighted Avg Remaining Life	Gross Carrying Amount		Accumulated Amortization
Amortized intangible assets:
Customer lists	7.3	$	842,004	$	(495,609)	7.6	$	839,811	$	(460,885)
Backlog	0.3	7,520		(6,831)		0.1	8,301		(6,352)
Developed technology	8.6	97,158		(40,361)		8.3	79,763		(35,797)
		$	946,682	$	(542,801)		$	927,875	$	(503,034)
Indefinite-lived assets:
Trademarks and tradenames		$	1,386,890				$	1,369,391

The aggregate intangible amortization expense was $16.5 million and $16.5 million for the three months period ended July 1, 2023 and July 2, 2022, respectively. The aggregate intangible amortization expense was $37.7 million and $50.1 million for the six months period ended July 1, 2023 and July 2, 2022, respectively. The estimated future amortization expense of intangible assets is as follows (in thousands):

 

Twelve Month Period coinciding with the end of the company's Fiscal Second Quarter	Amortization Expense
2024	$	70,689
2025	58,523
2026	55,972
2027	49,514
2028	41,809
Thereafter	127,374
	$	403,881