Intangibles

9 Months Ended

Sep. 28, 2024

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Intangible Assets Disclosure [Text Block]

Intangibles

Intangible assets consist of the following (in thousands):

	September 28, 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	6.5	$	848,411	$	(574,957)	7.0	$	845,326	$	(529,533)
Developed technology	7.6	98,857		(50,329)		8.3	98,593		(44,546)
		$	947,268	$	(625,286)		$	943,919	$	(574,079)
Indefinite-lived assets:
Trademarks and tradenames		$	1,328,980				$	1,323,236

The aggregate intangible amortization expense was $15.0 million and $18.9 million for the three months period ended September 28, 2024 and September 30, 2023, respectively. The aggregate intangible amortization expense was $48.7 million and $56.6 million for the nine months period ended September 28, 2024 and September 30, 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 Third Quarter	Amortization Expense
2025	$	58,454
2026	56,354
2027	47,073
2028	41,453
2029	35,332
Thereafter	83,316
	$	321,982