Intangibles

6 Months Ended

Jun. 29, 2024

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Intangible Assets Disclosure [Text Block]

Intangibles

Intangible assets consist of the following (in thousands):

	June 29, 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	6.7	$	841,979	$	(557,157)	7.0	$	845,326	$	(529,533)
Developed technology	7.9	98,153		(48,301)		8.3	98,593		(44,546)
		$	940,132	$	(605,458)		$	943,919	$	(574,079)
Indefinite-lived assets:
Trademarks and tradenames		$	1,316,291				$	1,323,236

The aggregate intangible amortization expense was $16.2 million and $16.5 million for the three months period ended June 29, 2024 and July 1, 2023, respectively. The aggregate intangible amortization expense was $33.6 million and $37.7 million for the six months period ended June 29, 2024 and July 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 Second Quarter	Amortization Expense
2025	$	58,733
2026	56,222
2027	49,764
2028	42,061
2029	36,430
Thereafter	91,464
	$	334,674