Quarterly report pursuant to Section 13 or 15(d)

Acquired Intangible Assets and Goodwill (Tables)

v3.22.1
Acquired Intangible Assets and Goodwill (Tables)
 3 Months Ended
Apr. 02, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Indefinite-Lived Intangible Assets The carrying basis and accumulated amortization of recognized intangible assets at April 2, 2022 and January 1, 2022, are as follows:
April 2, January 1,
2022 2022
Gross Carrying Amount Accumulated Amortization Average Remaining Life in Years Gross Carrying Amount Accumulated Amortization
Intangible Assets
Customer relationships
 $ 409,715  $ 104,635  11 $ 410,094  $ 97,895 
Noncompete agreements
 411  236  5 412  231 
Tradenames and trademarks
 107,826  —  Indefinite 107,980  — 
Other intangibles
 61,804  46,484  6 61,836  46,156 
$ 579,756  $ 151,355  $ 580,322  $ 144,282 
Changes
Schedule of Finite-Lived Intangible Assets The carrying basis and accumulated amortization of recognized intangible assets at April 2, 2022 and January 1, 2022, are as follows:
April 2, January 1,
2022 2022
Gross Carrying Amount Accumulated Amortization Average Remaining Life in Years Gross Carrying Amount Accumulated Amortization
Intangible Assets
Customer relationships
 $ 409,715  $ 104,635  11 $ 410,094  $ 97,895 
Noncompete agreements
 411  236  5 412  231 
Tradenames and trademarks
 107,826  —  Indefinite 107,980  — 
Other intangibles
 61,804  46,484  6 61,836  46,156 
$ 579,756  $ 151,355  $ 580,322  $ 144,282 
Changes
Schedule of Goodwill
The changes in the carrying amounts of goodwill for the period ended April 2, 2022 were as follows:
Balance as of January 1, 2022 $ 369,286 
Changes due to foreign currency fluctuations (7)
Balance as of April 2, 2022 $ 369,279