Company: GGG
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000042888-25-000011
Chunk: 74

Company: GRACO INC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 74
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 equipmentlesser of 5 to 10 years or life of equipmentOffice, warehouse and automotive equipment3 to 10 years

42

Goodwill and Other Intangible Assets. Goodwill has been assigned to reporting units. Changes in the carrying amounts of goodwill for each reportable segment were (in thousands):ContractorIndustrialProcessTotalBalance, December 30, 2022$77,034 $134,771 $156,366 $368,171 Impairment— — (7,800)(7,800)Foreign currency translation508 8,361 988 9,857 Balance, December 29, 202377,542 143,132 149,554 370,228 Additions, adjustments from business acquisitions126,101 — 4,022 130,123 Foreign currency translation(5,605)(6,907)(371)(12,883)Balance, December 27, 2024$198,038 $136,225 $153,205 $487,468 Components of other intangible assets, net were (dollars in thousands):Finite LifeIndefinite LifeCustomerRelationshipsPatents andProprietaryTechnologyTrademarks,Trade Namesand OtherTrade NamesTotalAs 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/AAs of December 29, 2023Cost$191,417 $14,174 $1,300 $62,633 $269,524 Accumulated amortization(128,248)(8,547)(561)— (137,356)Foreign currency translation(7,591)(344)— 2,025 (5,910)Book value$55,578 $5,283 $739 $64,658 $126,258 Weighted average life in years1396N/AAmortization of intangibles was $19 million in 2024, $18 million in 202