Company: GGG
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0000042888-25-000047
Chunk: 11

Company: GRACO INC
Filing Date: 2025-10-22
Form: 10-Q
Item: Item 1
Chunk 11
---
 third quarter was $7 million in 2025 and $5 million in 2024, and for the year to date was $20 million in 2025 and $13 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$5,829 $21,682 $17,898 $14,680 $14,076 $88,658 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 acquisitions1,164 43,058 (266)43,956 Foreign currency translation16,653 12,413 — 29,066 Balance, September 26, 2025$215,855 $273,169 $71,466 $560,490 

12

10. Other Current Liabilities

Components of other current liabilities were as follows (in thousands):September 26,2025December 27,2024Accrued self-insurance retentions$8,172 $8,240 Accrued warranty and service liabilities20,420 18,712 Accrued trade promotions8,302 11,086 Payable for employee stock purchases11,413 16,767 Customer advances and deferred revenue103,418 52,522 Income taxes payable8,659 8,102 Tax payable, other12,007 14,557 Right of return refund liability14,254 15,557 Operating lease liabilities, current 9,001 7,838 Acquisition-related consideration payable— 10,339 Other41,171 48,008 Total$236,817 $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 Assumed in business acquisition117 Charged to expense9,745 Margin on