Acquired Intangible Assets and Goodwill
|3 Months Ended|
Apr. 01, 2023
|Goodwill and Intangible Assets Disclosure [Abstract]|
|Acquired Intangible Assets and Goodwill||Acquired Intangible Assets and Goodwill
Intangible assets acquired in a business combination are recognized at fair value and amortized over their estimated useful lives. The carrying basis and accumulated amortization of recognized intangible assets at April 1, 2023 and December 31, 2022, are as follows:
Changes to gross carrying amount of recognized intangible assets due to translation adjustments include an approximate $307 for the period ended April 1, 2023. Amortization expense was approximately $7,416 and $7,225 for the three month periods ended April 1, 2023 and April 2, 2022, respectively.
The changes in the carrying amounts of goodwill for the period ended April 1, 2023 were as follows:
The entire disclosure for goodwill and intangible assets.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef