GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 27, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill by Segment

The activity in goodwill by reportable segment for the years ended December 27, 2020 and December 29, 2019 were as follows:

	December 29, 2019		Additions		Currency Translation		December 27, 2020
	(In thousands)
U.S.	$	41,936	$	—	$	—	$	41,936
U.K. and Europe	806,207		—		29,298		835,505
Mexico	125,607		2,197		—		127,804
Total	$	973,750	$	2,197	$	29,298	$	1,005,245

	December 30, 2018		Additions		Currency Translation		December 29, 2019
	(In thousands)
U.S.	$	41,936	$	—	$	—	$	41,936
U.K. and Europe	782,207		—		24,000		806,207
Mexico	125,607		—		—		125,607
Total	$	949,750	$	—	$	24,000	$	973,750

Schedule of Intangible Assets

Identified intangible assets consisted of the following:

	December 29, 2019		Additions		Amortization		Currency Translation		December 27, 2020
	(In thousands)
Carrying amount:
Trade names	$	78,343	$	—	$	—	$	—	$	78,343
Customer relationships	292,278		—		—		4,784		297,062
Non-compete agreements	320		—		—		—		320
Trade names not subject to amortization	391,431		—		—		13,809		405,240
Accumulated amortization:
Trade names	(45,518)		—		(1,968)		—		(47,486)
Customer relationships	(120,481)		—		(20,747)		(2,018)		(143,246)
Non-compete agreements	(320)		—		—		—		(320)
Total	$	596,053	$	—	$	(22,715)	$	16,575	$	589,913

	December 30, 2018		Additions		Amortization		Currency Translation		December 29, 2019
	(In thousands)
Carrying amount:
Trade names	$	78,343	$	—	$	—	$	—	$	78,343
Customer relationships	247,706		40,418		—		4,154		292,278
Non-compete agreements	320		—		—		—		320
Trade names not subject to amortization	380,067		—		—		11,364		391,431
Accumulated amortization:
Trade names	(43,552)		—		(1,966)		—		(45,518)
Customer relationships	(98,441)		—		(20,920)		(1,120)		(120,481)
Non-compete agreements	(315)		—		(5)		—		(320)
Total	$	564,128	$	40,418	$	(22,891)	$	14,398	$	596,053

Additions shown in above table for 2019 are comprised of a customer relationships intangible asset recorded as part of the PPL acquisition. The Company valued this asset using the income approach resulting in a fair value of $40.4 million. The intangible asset has a useful life of eleven years. For additional information regarding the initial valuation and assumptions used, refer to “Note 2. Business Acquisitions.”

Intangible assets are amortized over the estimated useful lives of the assets as follows:

Customer relationships	3-16 years
Trade names	20 years
Non-compete agreements	3 years