Company: GGG
Filing Date: 2025-07-23
Form Type: 10-Q
Source: 0000042888-25-000025
Chunk: 33

Company: GRACO INC
Filing Date: 2025-07-23
Form: 10-Q
Item: Item 8
Chunk 33
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,067)Amortization and other202 707 366 1,643 Net periodic benefit cost$905 $1,541 $1,562 $3,930 Postretirement MedicalService cost$78 $67 $153 $167 Interest cost369 256 569 556 Amortization(136)(28)(136)(53)Net periodic benefit cost$311 $295 $586 $670 

8. Receivables and Credit Losses

Accounts receivable include trade receivables of $371 million and other receivables of $16 million as of June 27, 2025 and $348 million and $15 million of trade receivables and other receivables, respectively, as of December 27, 2024.Allowance for Credit LossesFollowing is a summary of activity for credit losses (in thousands):Three Months EndedSix Months EndedJune 27,2025June 28,2024June 27,2025June 28,2024Balance, beginning$5,360 $4,593 $4,973 $4,655 (Reversals) additions charged to costs and expenses(138)455 93 505 Deductions from reserves (1)(3)(135)(5)(167)Other additions (deductions) (2)112 (28)270 (108)Balance, ending$5,331 $4,885 $5,331 $4,885 (1)    Represents amounts determined to be uncollectible and charged against reserves, net of collections on accounts previously charged against reserves. (2)  Includes effects of foreign currency translation.

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9. Intangible Assets

Components of other intangible assets were as follows (dollars in thousands):Finite LifeIndefinite LifeCustomerRelationshipsPatents andProprietaryTechnologyTrademarks,Trade Namesand OtherTrade NamesTotalAs of June 27, 2025Cost$270,586 $30,990 $3,756 $95,091 $400,423 Accumulated amortization(154,344)(8,524)(3,112)— (165,980)Foreign currency translation(1,165)1,288 86 6,872 7,081 Book value$115,077 $23,754 $730 $101,963 $241,524