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Goodwill
3 Months Ended
Apr. 03, 2023
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill

(6) Goodwill

As of April 3, 2023 and January 2, 2023, goodwill by reportable segment was as follows:

 

 

PCB

 

 

RF&S Components

 

 

Total

 

 

 

(In thousands)

 

Balance as of January 2, 2023

 

 

 

 

 

 

 

 

 

Goodwill

 

$

823,837

 

 

$

177,200

 

 

$

1,001,037

 

Accumulated impairment losses

 

 

(171,400

)

 

 

(69,200

)

 

 

(240,600

)

 

 

652,437

 

 

 

108,000

 

 

 

760,437

 

 

 

 

 

 

 

 

 

 

 

Goodwill adjustment during the quarter ended April 3, 2023

 

 

(11,350

)

 

 

 

 

 

(11,350

)

Derecognition of goodwill due to sale of subsidiary

 

 

(2,815

)

 

 

 

 

 

(2,815

)

Balance as of April 3, 2023

 

 

 

 

 

 

 

 

 

Goodwill

 

 

809,672

 

 

 

177,200

 

 

 

986,872

 

Accumulated impairment losses

 

 

(171,400

)

 

 

(69,200

)

 

 

(240,600

)

 

$

638,272

 

 

$

108,000

 

 

$

746,272

 

During the quarter ended April 3, 2023, the Company decreased goodwill by $11,350 due to an adjustment to the estimate of fair value for identifiable intangible assets and deferred taxes. Goodwill recognized as a result of the acquisition of Telephonics is not yet finalized as of April 3, 2023. See Note 2 for additional information.