Company: GGG
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0000042888-25-000014
Chunk: 8

Company: GRACO INC
Filing Date: 2025-04-23
Form: 10-Q
Item: Item 1
Chunk 8
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(9,043)(464)(32)(123)(9,662)Book value$112,854 $22,920 $1,144 $94,968 $231,886 Weighted average life in years13103N/AAs of December 27, 2024Cost$270,910 $34,731 $3,756 $95,091 $404,488 Accumulated amortization(143,689)(10,534)(1,478)— (155,701)Foreign currency translation(12,102)(1,182)(79)(2,118)(15,481)Book value$115,119 $23,015 $2,199 $92,973 $233,306 Weighted average life in years1493N/A

11

Amortization of intangibles for the year to date was $7 million in 2025 and $4 million in 2024. Estimated annual amortization expense based on the current carrying amount of other intangible assets is as follows (in thousands):2025 (Remainder)2026202720282029ThereafterEstimated Amortization Expense$18,157 $16,662 $13,902 $11,734 $11,151 $58,525 Changes in the carrying amount of goodwill for each reportable segment were as follows (in thousands): ContractorIndustrialExpansion MarketsTotalBalance, December 27, 2024$198,038 $217,698 $71,732 $487,468 Adjustments from business acquisitions1,091 — — 1,091 Foreign currency translation4,819 2,254 — 7,073 Balance, March 28, 2025$203,948 $219,952 $71,732 $495,632 

10.Other Current Liabilities

Components of other current liabilities were as follows (in thousands):March 28,2025December 27,2024Accrued self-insurance retentions$8,266 $8,240 Accrued warranty and service liabilities18,892 18,712 Accrued trade promotions8,096 11,086 Payable for employee stock purchases2,804 16,767 Customer advances and deferred revenue46,759 52,522 Income taxes payable19,180 8,102 Tax payable, other