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GOODWILL AND INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
The activity in goodwill by reportable segment for the years ended December 31, 2023 and December 25, 2022 were as follows:
December 25, 2022AdditionsCurrency TranslationDecember 31, 2023
(In thousands)
U.S.$41,936 $— $— $41,936 
U.K. and Europe1,058,204 — 58,317 1,116,521 
Mexico127,804 — — 127,804 
Total$1,227,944 $— $58,317 $1,286,261 
December 26, 2021AdditionsCurrency TranslationDecember 25, 2022
(In thousands)
U.S.$41,936 $— $— $41,936 
U.K. and Europe1,167,512 5,401 (114,709)1,058,204 
Mexico127,804 — — 127,804 
Total$1,337,252 $5,401 $(114,709)$1,227,944 
Intangible assets consisted of the following:
December 25, 2022AmortizationDisposalsCurrency TranslationDecember 31, 2023
(In thousands)
Carrying amount:
Trade names not subject to amortization$549,024 $— $— $31,449 $580,473 
Trade names subject to amortization112,057 — — 624 112,681 
Customer relationships427,662 — — 14,057 441,719 
Accumulated amortization:
Trade names(53,708)(3,886)— (168)(57,762)
Customer relationships(189,015)(29,210)— (4,903)(223,128)
Total$846,020 $(33,096)$— $41,059 $853,983 
December 26, 2021AmortizationDisposalsCurrency TranslationDecember 25, 2022
(In thousands)
Carrying amount:
Trade names not subject to amortization$609,713 $— $— $(60,689)$549,024 
Trade names subject to amortization114,268 — — (2,211)112,057 
Customer relationships455,459 — — (27,797)427,662 
Non-compete agreements320 — (320)— — 
Accumulated amortization:
Trade names(49,901)(3,894)— 87 (53,708)
Customer relationships(166,296)(29,844)— 7,125 (189,015)
Non-compete agreements(320)— 320 — — 
Total$963,243 $(33,738)$— $(83,485)$846,020 
Intangible assets are amortized over the estimated useful lives of the assets as follows:
Trade names subject to amortization
15-20 years
Customer relationships
3-18 years
Non-compete agreements
3 years
The Company expects to recognize amortization expense associated with intangible assets of $30.3 million in 2024, $30.3 million in 2025, $28.3 million in 2026, $24.4 million in 2027 and $24.4 million in 2028.
The Company elected to bypass a qualitative assessment to determine whether it was more likely than not that reporting unit fair value was less than reporting unit carrying amount (including goodwill) for each of its reporting units with a material amount of goodwill reported as of December 31, 2023. Instead, the Company performed a quantitative impairment test for each reporting unit with a material amount of goodwill reported as of December 31, 2023. Based on the results of the quantitative impairment tests, there was no goodwill impairment in any of the Company’s reporting units as of December 31, 2023.
The Company elected to bypass a qualitative assessment to determine whether it was more likely than not that indefinite-lived intangible asset fair value was less than indefinite-lived intangible asset carrying amount for each of its intangible assets not subject to amortization as of December 31, 2023. Instead, the Company performed a quantitative impairment test for each intangible asset not subject to amortization as of December 31, 2023. Based on the results of the quantitative impairment tests, there was no impairment of any of the Company’s intangible assets not subject to amortization as of December 31, 2023.
As of December 31, 2023, the Company assessed if events or changes in circumstances indicated that the aggregate carrying amount of its intangible assets subject to amortization might not be recoverable. There were no indicators present that required the Company to test the recoverability of the aggregate carrying amount of its intangible assets subject to amortization at that date.