Goodwill

12 Months Ended

Jan. 03, 2022

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill

(5) Goodwill

As of January 3, 2022, December 28, 2020 and December 30, 2019, goodwill by reportable segment was as follows:

	PCB			RF&S Components			Total
	(In thousands)
Balance as of December 30, 2019
Goodwill	$	700,724		$	177,200		$	877,924
Accumulated impairment losses		(171,400	)		—			(171,400	)
		529,324			177,200			706,524
Impairment loss during the year ended December 28, 2020		—			(69,200	)		(69,200	)
Balance as of December 28, 2020 and January 3, 2022
Goodwill		700,724			177,200			877,924
Accumulated impairment losses		(171,400	)		(69,200	)		(240,600	)
	$	529,324		$	108,000		$	637,324

The Company evaluates its goodwill on an annual basis during its fourth fiscal quarter and at other times when events or changes in circumstances — such as significant adverse changes in the business climate or operating results or changes in management strategy, coupled with a decline in the market price of its stock and market capitalization — indicate that there may be a potential impairment.

In the fourth quarter of 2021, the Company performed its annual goodwill impairment test qualitatively and concluded that it was more likely than not that there was no impairment to goodwill.