Company: GGG
Filing Date: 2025-07-23
Form Type: 10-Q
Source: 0000042888-25-000025
Chunk: 10

Company: GRACO INC
Filing Date: 2025-07-23
Form: 10-Q
Item: Item 1
Chunk 10
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2024Balance, beginning$5,360 $4,593 $4,973 $4,655 (Reversals) additions charged to costs and expenses(138)455 93 505 Deductions from reserves (1)(3)(135)(5)(167)Other additions (deductions) (2)112 (28)270 (108)Balance, ending$5,331 $4,885 $5,331 $4,885 (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.

11

9. Intangible Assets

Components of other intangible assets were as follows (dollars in thousands):Finite LifeIndefinite LifeCustomerRelationshipsPatents andProprietaryTechnologyTrademarks,Trade Namesand OtherTrade NamesTotalAs of June 27, 2025Cost$270,586 $30,990 $3,756 $95,091 $400,423 Accumulated amortization(154,344)(8,524)(3,112)— (165,980)Foreign currency translation(1,165)1,288 86 6,872 7,081 Book value$115,077 $23,754 $730 $101,963 $241,524 Weighted average life in years14103N/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/AAmortization of intangibles for the year to date was $13 million in 2025 and $8 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$11,674 $17,578 $14,538