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GOODWILL AND INTANGIBLE ASSETS
 6 Months Ended
Jun. 29, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
The activity in goodwill by segment for the six months ended June 29, 2025 was as follows:
December 29, 2024Currency TranslationJune 29, 2025
(In thousands)
U.S.$41,936 $— $41,936 
Europe1,097,643 103,664 1,201,307 
Mexico99,494 7,755 107,249 
Total$1,239,073 $111,419 $1,350,492 
Intangible assets consisted of the following:
December 29, 2024AmortizationCurrency TranslationJune 29, 2025
(In thousands)
Cost:
Trade names not subject to amortization$569,357 $— $53,077 $622,434 
Trade names subject to amortization112,016 — 3,232 115,248 
Customer relationships431,861 — 27,668 459,529 
Accumulated amortization:
Trade names(61,527)(1,959)(658)(64,144)
Customer relationships(245,473)(14,402)(13,320)(273,195)
Intangible assets, net$806,234 $(16,361)$69,999 $859,872 
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 June 29, 2025, the Company assessed if events or changes in circumstances indicated that any asset group-level carrying amounts of its 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 2025, which if there were to be an impairment it could be material.