GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 28, 2024

GOODWILL AND OTHER INTANGIBLE ASSETS

The changes in the net carrying amount of goodwill by reporting segment for the years ended December 28, 2024 and December 30, 2023, are as follows (in thousands):


	Retail		Packaging		Construction		All Other		Corporate		Total
Balance as of December 31, 2022	$	85,114	$	148,909	$	87,670	$	15,627	$	—	$	337,320
2023 Acquisitions		—		—		—		7,077		—		7,077
2023 Purchase Accounting Adjustments		(979)		(7,867)		—		—		—		(8,846)
Foreign Exchange, Net		69		—		135		558		—		762
Balance as of December 30, 2023	$	84,204	$	141,042	$	87,805	$	23,262	$	—	$	336,313
2024 Acquisitions		—		5,705		—		—		—		5,705
Foreign Exchange, Net		(88)		—		(404)		(1,687)		—		(2,179)
Balance as of December 28, 2024	$	84,116	$	146,747	$	87,401	$	21,575	$	—	$	339,839

Other Intangible Assets

The following amounts were included in other amortizable intangible assets, net as of December 28, 2024 and December 30, 2023 (in thousands):


	2024						2023
			Accumulated						Accumulated
	Assets		Amortization		Net Value		Assets		Amortization		Net Value
Non-compete agreements	$	8,908	$	(6,332)	$	2,576	$	9,886	$	(5,966)	$	3,920
Customer relationships and other		165,633		(51,645)		113,988		171,029		(43,403)		127,626
Patents		1,602		(988)		614		1,622		(898)		724
Technology		12,600		(3,406)		9,194		12,600		(2,173)		10,427
Tradename		36,946		(15,085)		21,861		39,831		(12,320)		27,511
Software		8,605		(4,340)		4,265		7,666		(2,679)		4,987
Total	$	234,294	$	(81,796)	$	152,498	$	242,634	$	(67,439)	$	175,195

Estimated Useful Lives of Intangible Assets


		Weighted Average
Intangible Asset Type	Estimated Useful Life	Amortization Period
Non-compete agreements	2 to 15 years	7.7 years
Customer relationships and other	5 to 15 years	10.3 years
Patents	10 years	10 years
Technology	5 to 12 years	11 years
Tradename (amortizable)	5 to 25 years	10.8 years
Software	3 to 5 years	3.1 years

Expected Amortization Expense

The estimated amortization expense for intangibles for each of the five succeeding fiscal years is as follows (in thousands):


2025	$	23,222
2026		20,825
2027		19,103
2028		17,942
2029		17,144
Thereafter		54,262
Total	$	152,498

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

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+ Details

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