Quarterly report [Sections 13 or 15(d)]

Goodwill and Intangible Assets (Tables)

v3.26.1
Goodwill and Intangible Assets (Tables)
 3 Months Ended
Apr. 04, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of changes in goodwill

A summary of changes in goodwill by segment for the three months ended April 4, 2026, is as follows:

 

 

Hydraulics

 

 

Electronics

 

 

Total

 

Balance at January 3, 2026

 

$

312.1

 

 

$

186.0

 

 

$

498.1

 

Currency translation

 

 

(4.8

)

 

 

0.1

 

 

 

(4.7

)

Balance at April 4, 2026

 

$

307.3

 

 

$

186.1

 

 

$

493.4

 

Accumulated Impairments

 

 

31.9

 

 

 

25.9

 

 

 

57.8

 

 
Schedule of intangible assets

At April 4, 2026, and January 3, 2026, acquired intangible assets consisted of the following:

 

 

 

April 4, 2026

 

 

January 3, 2026

 

 

 

Gross Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net Carrying
Amount

 

 

Gross Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net Carrying
Amount

 

Definite-lived intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade names and brands

 

$

95.3

 

 

$

(35.6

)

 

$

59.7

 

 

$

95.8

 

 

$

(34.5

)

 

$

61.3

 

Non-compete agreements

 

 

2.1

 

 

 

(2.1

)

 

 

—

 

 

 

2.1

 

 

 

(2.1

)

 

 

—

 

Technology

 

 

54.3

 

 

 

(37.9

)

 

 

16.4

 

 

 

54.7

 

 

 

(36.8

)

 

 

17.9

 

Supply agreement

 

 

21.0

 

 

 

(19.6

)

 

 

1.4

 

 

 

21.0

 

 

 

(19.1

)

 

 

1.9

 

Customer relationships

 

 

396.7

 

 

 

(115.1

)

 

 

281.6

 

 

 

400.3

 

 

 

(111.5

)

 

 

288.8

 

Workforce

 

 

6.1

 

 

 

(6.1

)

 

 

—

 

 

 

6.1

 

 

 

(6.1

)

 

 

(0.0

)

 

 

$

575.6

 

 

$

(216.4

)

 

$

359.2

 

 

$

580.0

 

 

$

(210.1

)

 

$

369.9

 
Schedule of estimated amortization expense of intangible assets Future estimated total amortization expense is presented below.

Year:

 

 

 

2026 Remaining

 

$

22.7

 

2027

 

 

27.2

 

2028

 

 

26.9

 

2029

 

 

25.1

 

2030

 

 

24.3

 

2031

 

 

23.1

 

Thereafter

 

 

209.9

 

Total

 

$

359.2