Annual report pursuant to Section 13 and 15(d)

Acquired Intangible Assets and Goodwill

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Acquired Intangible Assets and Goodwill
 12 Months Ended
Jan. 01, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Acquired Intangible Assets and Goodwill Acquired Intangible Assets and Goodwill
Intangible assets acquired in a business combination (See Note 10 Business Combinations) are recognized at fair value and amortized over their estimated useful lives. The carrying basis and accumulated amortization of recognized intangible assets at January 1, 2022 and December 26, 2020, are as follows:
January 1, December 26,
2022 2020
Gross Carrying Amount Accumulated Amortization Average Remaining Life in Years Gross Carrying Amount Accumulated Amortization
Intangible Assets
Customer relationships
 $ 410,094  $ 97,895  11 $ 380,863  $ 71,390 
Noncompete agreements
 412  231  5 413  151 
Tradenames and trademarks
 107,980  —  Indefinite 85,598  — 
Other intangibles
 61,836  46,156  6 58,405  41,279 
$ 580,322  $ 144,282  $ 525,278  $ 112,820 
Changes to gross carrying amount of recognized intangible assets due to translation adjustments include an approximate $270 and $997 loss for the years ended January 1, 2022 and December 26, 2020, respectively. Amortization expense was approximately $31,588 and $27,046 for the years ended January 1, 2022 and December 26, 2020, respectively.
The changes in the carrying amounts of goodwill for the period ended January 1, 2022 were as follows:
Balance as of December 26, 2020 $ 259,423 
Goodwill acquired during the period 110,240 
Changes due to foreign currency fluctuations (376)
Balance as of January 1, 2022 $ 369,286