Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 27, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill

The amounts for goodwill and changes in the carrying value by segment were as follows:

 

(in thousands)	Electronics		Transportation		Industrial		Total
Gross goodwill as of December 30, 2023	$	936,505	$	237,115	$	179,117	$	1,352,737
Accumulated impairment losses as of December 30, 2023	—		(34,004)		(8,735)		(42,739)
Net goodwill as of December 30, 2023	$	936,505	$	203,111	$	170,382	$	1,309,998
Changes during 2024:
Impairments	—		(8,616)		(36,147)		(44,763)
Foreign currency translation adjustments	(29,634)		(2,854)		(4,245)		(36,733)
Gross goodwill as of December 28, 2024	906,871		233,286		173,882		1,314,039
Accumulated impairment losses as of December 28, 2024	—		(41,645)		(43,892)		(85,537)
Net goodwill as of December 28, 2024	$	906,871	$	191,641	$	129,990	$	1,228,502
Changes during 2025:
Additions (a)	57,321		—		152,343		209,664
Impairments	(301,185)		—		—		(301,185)
Foreign currency translation adjustments	61,322		5,758		7,350		74,430
Gross goodwill as of December 27, 2025	1,027,462		242,192		338,739		1,608,393
Accumulated impairment losses as of December 27, 2025	(303,133)		(44,793)		(49,056)		(396,982)
Net goodwill as of December 27, 2025	$	724,329	$	197,399	$	289,683	$	1,211,411

(a) The additions resulted from the acquisitions of Dortmund Fab and Basler.

Schedule of finite-lived intangible assets

The components of intangible assets at December 27, 2025 and December 28, 2024 were as follows:

	As of December 27, 2025
(in thousands)	Gross Carrying Value		Accumulated Amortization		Net Book Value
Land use rights	$	16,661	$	3,613	$	13,048
Patents, licenses, and software	291,192		212,184		79,008
Distribution network	42,384		42,384		—
Customer relationships, trademarks, and tradenames	793,670		290,819		502,851
Total	$	1,143,907	$	549,000	$	594,907

	As of December 28, 2024
(in thousands)	Gross Carrying Value		Accumulated Amortization		Net Book Value
Land use rights	$	16,079	$	2,994	$	13,085
Patents, licenses, and software	260,096		180,674		79,422
Distribution network	41,667		41,667		—
Customer relationships, trademarks, and tradenames	632,572		242,961		389,611
Total	$	950,414	$	468,296	$	482,118

Schedule of finite-lived intangible assets, future amortization expense

Estimated annual amortization expense related to intangible assets with definite lives at December 27, 2025 is as follows:

 

(in thousands)	Amount
2026	$	61,306
2027	59,123
2028	58,720
2029	58,309
2030	54,908
2031 and thereafter	302,541
Total	$	594,907

Business Combination, Intangible Asset, Acquired, Finite-Lived

During the fiscal year ended December 27, 2025, the Company recorded additions to other intangible assets of $150.0 million and $1.8 million related to the Basler and Dortmund Fab acquisitions, respectively, the components of which were as follows:

	2025
(in thousands, except weighted average useful life)	Weighted Average Useful Life (Years)	Amount
Basler
Patents, developed technology	6.0	$	15,000
Customer relationships, trademarks, and tradenames	13.6	135,000
		$	150,000
Dortmund Fab
Customer relationships, trademarks, and tradenames	5.0	$	1,800