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GOODWILL AND INTANGIBLE ASSETS
 3 Months Ended
Mar. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
The activity in goodwill by segment for the three months ended March 30, 2025 was as follows:
December 29, 2024Currency TranslationMarch 30, 2025
(In thousands)
U.S.$41,936 $— $41,936 
Europe1,097,643 32,822 1,130,465 
Mexico99,494 (205)99,289 
Total$1,239,073 $32,617 $1,271,690 
Intangible assets consisted of the following:
December 29, 2024AmortizationCurrency TranslationMarch 30, 2025
(In thousands)
Cost:
Trade names not subject to amortization$569,357 $— $16,610 $585,967 
Trade names subject to amortization112,016 — 1,023 113,039 
Customer relationships431,861 — 8,408 440,269 
Accumulated amortization:
Trade names(61,527)(965)(203)(62,695)
Customer relationships(245,473)(7,025)(3,807)(256,305)
Intangible assets, net$806,234 $(7,990)$22,031 $820,275 
Intangible assets are amortized over the estimated useful lives of the assets as follows:
Customer relationships
3-18 years
Trade names subject to amortization
15-20 years
At March 30, 2025, the Company assessed if events or changes in circumstances indicated that any asset group-level carrying amounts of its U.S. and Mexico intangible assets might not be recoverable. The Company will perform its annual tests of recoverability of all goodwill and trade names not subject to amortization in the fourth quarter of 2024, which if there were to be an impairment could be material.