Goodwill and Intangible Assets

12 Months Ended

Jan. 01, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in the carrying amount of goodwill for fiscal 2021 and fiscal 2020 are as follows (in thousands):


	Fiscal Year		Fiscal Year
	2021		2020
Goodwill	$	161,080	$	164,921
Accumulated goodwill impairment	(71,893)		(76,417)
Goodwill, net at beginning of fiscal year	89,187		88,504
Foreign currency translation adjustment and other (1)	(251)		683
Goodwill, net at end of fiscal year	$	88,936	$	89,187

Goodwill, net at January 1, 2022, is comprised of goodwill of $160.8 million and accumulated impairment of $71.9 million. There were no impairment losses related to goodwill during fiscal 2021, fiscal 2020, or fiscal 2019.

Intangible assets that are separable from goodwill and have determinable useful lives are valued separately and amortized using the straight-line method over their expected useful lives. The components of acquired identifiable intangible assets are as follows (in thousands):


		January 1, 2022						January 2, 2021
	Useful Life (in years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Non-competition agreements	5	$	280	$	(275)	$	5	$	280	$	(219)	$	61
Customer relationships	8 to 10	8,220		(4,044)		4,176		12,120		(7,073)		5,047
Total		$	8,500	$	(4,319)	$	4,181	$	12,400	$	(7,292)	$	5,108

There were no impairment losses related to intangible assets during fiscal 2021, fiscal 2020, or fiscal 2019. Amortization expense related to intangible assets was $0.9 million, $1.4 million, and $1.4 million for fiscal 2021, fiscal 2020, and fiscal 2019, respectively. Amortization of intangible assets held at January 1, 2022 for the next five fiscal years and thereafter is expected to be as follows (in thousands):


Fiscal Year	Amortization Expense
2022	$	827
2023	822
2024	822
2025	822
2026	822
Thereafter	66
	$	4,181