Company: GGG
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0000042888-25-000014
Chunk: 28

Company: GRACO INC
Filing Date: 2025-04-23
Form: 10-Q
Item: Item 8
Chunk 28
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 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, other15,617 14,557 Right of return refund liability15,690 15,557 Operating lease liabilities, current 7,877 7,838 Acquisition-related consideration payable— 10,339 Other32,834 48,008 Total$176,015 $211,728 A liability is established for estimated future warranty and service claims that relate to current and prior period sales. The Company estimates warranty costs based on historical claim experience and other factors, including evaluating specific product warranty issues. Following is a summary of activity in accrued warranty and service liabilities (in thousands):Balance, December 27, 2024$18,712 Charged to expense2,624 Margin on parts sales reversed1,178 Reductions for claims settled(3,622)Balance, March 28, 2025$18,