Company: GGG
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0000042888-25-000014
Chunk: 27

Company: GRACO INC
Filing Date: 2025-04-23
Form: 10-Q
Item: Item 8
Chunk 27
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Three Months EndedMarch 28,2025March 29,2024Balance, beginning$4,973 $4,655 Additions charged to costs and expenses231 50 Deductions from reserves (1)(2)(32)Other additions (deductions) (2)158 (80)Balance, ending$5,360 $4,593 (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.

8.Inventories

Major components of inventories were as follows (in thousands):March 28,2025December 27,2024Finished products and components$204,307 $197,242 Products and components in various stages of completion114,225 114,647 Raw materials and purchased components213,325 214,902 Subtotal531,857 526,791 Reduction to LIFO cost(121,907)(122,115)Total$409,950 $404,676 

9.Intangible Assets

Components of other intangible assets were as follows (dollars in thousands):Finite LifeIndefinite LifeCustomerRelationshipsPatents andProprietaryTechnologyTrademarks,Trade Namesand OtherTrade NamesTotalAs of March 28, 2025Cost$270,586 $30,990 $3,756 $95,091 $400,423 Accumulated amortization(148,689)(7,606)(2,580)— (158,875)Foreign currency translation(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