Quarterly report pursuant to Section 13 or 15(d)

Acquired Intangible Assets and Goodwill (Tables)

v3.22.2.2
Acquired Intangible Assets and Goodwill (Tables)
 6 Months Ended
Jul. 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 July 2, 2022 and January 1, 2022, are as follows:
July 2, January 1,
2022 2022
Gross Carrying Amount Accumulated Amortization Average Remaining Life in Years Gross Carrying Amount Accumulated Amortization
Intangible Assets
Customer relationships
 $ 408,328  $ 111,549  11 $ 410,094  $ 97,895 
Noncompete agreements
 395  235  5 412  231 
Tradenames and trademarks
 107,403  —  Indefinite 107,980  — 
Other intangibles
 61,716  46,758  11 61,836  46,156 
$ 577,842  $ 158,542  $ 580,322  $ 144,282 
Schedule of Finite-Lived Intangible Assets The carrying basis and accumulated amortization of recognized intangible assets at July 2, 2022 and January 1, 2022, are as follows:
July 2, January 1,
2022 2022
Gross Carrying Amount Accumulated Amortization Average Remaining Life in Years Gross Carrying Amount Accumulated Amortization
Intangible Assets
Customer relationships
 $ 408,328  $ 111,549  11 $ 410,094  $ 97,895 
Noncompete agreements
 395  235  5 412  231 
Tradenames and trademarks
 107,403  —  Indefinite 107,980  — 
Other intangibles
 61,716  46,758  11 61,836  46,156 
$ 577,842  $ 158,542  $ 580,322  $ 144,282 
Schedule of Goodwill
The changes in the carrying amounts of goodwill for the period ended July 2, 2022 were as follows:
Balance as of January 1, 2022 $ 369,286 
Changes due to foreign currency fluctuations (1,253)
Goodwill adjusted during the period 52 
Balance as of July 2, 2022 $ 368,085