Intangibles

3 Months Ended

Mar. 30, 2024

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Intangible Assets Disclosure [Text Block]

Intangibles

Intangible assets consist of the following (in thousands):

	March 30, 2024					December 30, 2023
	Estimated Weighted Avg Remaining Life	Gross Carrying Amount		Accumulated Amortization		Estimated Weighted Avg Remaining Life	Gross Carrying Amount		Accumulated Amortization
Amortized intangible assets:
Customer relationships	6.9	$	842,699	$	(542,995)	7.0	$	845,326	$	(529,533)
Developed technology	8.1	98,325		(46,535)		8.3	98,593		(44,546)
		$	941,024	$	(589,530)		$	943,919	$	(574,079)
Indefinite-lived assets:
Trademarks and tradenames		$	1,317,978				$	1,323,236

The aggregate intangible amortization expense was $17.4 million and $21.2 million for the three months period ended March 30, 2024 and April 1, 2023, 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 First Quarter	Amortization Expense
2025	$	60,802
2026	56,607
2027	52,086
2028	44,031
2029	37,581
Thereafter	100,387
	$	351,494