XML 57 R33.htm IDEA: XBRL DOCUMENT v3.21.2
GOODWILL AND INTANGIBLE ASSETS (Tables)
9 Months Ended
Sep. 26, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The activity in goodwill by segment for the nine months ended September 26, 2021 was as follows:
December 27, 2020AdditionsCurrency TranslationSeptember 26, 2021
(In thousands)
U.S.$41,936 $— $— $41,936 
U.K. and Europe835,505 370,237 6,390 1,212,132 
Mexico127,804 — — 127,804 
Total$1,005,245 $370,237 $6,390 $1,381,872 
Schedule of Identified Intangible Assets
Identified intangible assets consisted of the following:
December 27, 2020AdditionsAmortizationCurrency TranslationSeptember 26, 2021
(In thousands)
Cost:
Trade names$78,343 $— $— $— $78,343 
Customer relationships297,062 395,719 — 195 692,976 
Non-compete agreements320 — — — 320 
Trade names not subject to amortization405,240 57,349 — 3,257 465,846 
Accumulated amortization:
Trade names(47,486)— (1,476)— (48,962)
Customer relationships(143,246)— (16,010)(283)(159,539)
Non-compete agreements(320)— — — (320)
Intangible assets, net$589,913 $453,068 $(17,486)$3,169 $1,028,664 
Finite-Lived Intangible Assets Estimated Useful Lives
Intangible assets are amortized over the estimated useful lives of the assets as follows:
Customer relationships
3-20 years
Trade names subject to amortization20 years
Non-compete agreements3 years