Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 28, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Allocation of Goodwill by the Reportable Segments

The following table sets forth the changes in the carrying amount of goodwill by reportable segment and the accumulated impact of impairment loss:

	Aperture Solutions		Surface Solutions		Shelter Solutions		Total
Balance, as of December 31, 2023 (1)	$	771,133	$	708,423	$	202,208	$	1,681,764
Impact of acquisitions and related measurement period adjustments (2)	170,762		1,686		137,421		309,869
Impairment	(12,896)		(369,903)		—		(382,799)
Currency translation	(360)		(1,345)		—		(1,705)
Other(3)	5,504		586		6,429		12,519
Balance, September 28, 2024	$	934,143	$	339,447	$	346,058	$	1,619,648
Balance,
Goodwill	$	947,039	$	709,350	$	346,058	$	2,002,447
Accumulated impairment loss	(12,896)		(369,903)		—		(382,799)
Balance, September 28, 2024	$	934,143	$	339,447	$	346,058	$	1,619,648

(1) There were no impairment losses prior to the period ended December 31, 2023.

(2) Measurement period adjustments have been recorded in conjunction with the acquisitions of MAC Metal, EAS and Harvey during the period. See Note 3 — Acquisitions for additional information.

(3) Other includes insignificant out-of-period corrections totaling $12.5 million, which related to matters that existed as of the date of the Merger.

Schedule of Components of Intangible Assets

The following table sets forth the major components of intangible assets:

	Range of Life in Years			Weighted Average Amortization Remaining Years	Carrying Value		Accumulated Amortization		Net Carrying Value
As of September 28, 2024:
Customer lists and relationships	3	–	19	16	$	2,103,055	$	(312,449)	$	1,790,606
Trademarks, trade names and other	11	–	15	13	728,931		(89,073)		639,858
Total intangible assets					$	2,831,986	$	(401,522)	$	2,430,464
	Range of Life in Years			Weighted Average Amortization Remaining Years	Carrying Value		Accumulated Amortization		Net Carrying Value
As of December 31, 2023:
Customer lists and relationships	3	–	19	16	$	1,883,757	$	(192,473)	$	1,691,284
Trademarks, trade names and other		15		14	653,992		(59,208)		594,784
Total intangible assets					$	2,537,749	$	(251,681)	$	2,286,068

Schedule of Amortization Expense Related to Intangible Assets

The following table sets forth the amortization expense related to intangible assets:

	Three Months Ended				Nine Months Ended
	September 28, 2024		September 30, 2023		September 28, 2024		September 30, 2023
Amortization expense	$	55,185	$	44,690	$	151,384	$	126,292