Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 26, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

Details of Goodwill

Details of aggregate goodwill of the Company are as follows:

(In millions)	SPS		SSB		Total
Balance at December 27, 2019	$	97.6	$	73.5	$	171.1
Adjustments	—		—		—
Balance at June 26, 2020	$	97.6	$	73.5	$	171.1

Purchased Intangible Assets

Details of intangible assets were as follows:

		As of June 26, 2020							As of December 27, 2019
		Gross							Gross
	Useful Life	Carrying		Accumulated			Carrying		Carrying		Accumulated			Carrying
(Dollars in millions)	(in years)	Amount		Amortization			Value		Amount		Amortization			Value
Customer relationships	6 - 10	$	119.4	$	(45.2	)	$	74.2	$	119.4	$	(39.8	)	$	79.6
Tradename	4 - 6*		27.0		(9.9	)		17.1		27.0		(8.1	)		18.9
Intellectual property/know-how	7 - 12		13.9		(9.1	)		4.8		13.9		(8.4	)		5.5
Recipes	20		73.2		(6.7	)		66.5		73.2		(4.9	)		68.3
Standard operating procedures	20		8.6		(0.8	)		7.8		8.6		(0.6	)		8.0
Total		$	242.1	$	(71.7	)	$	170.4	$	242.1	$	(61.8	)	$	180.3

* The Company concluded that the UCT tradename intangible asset amounting to $9.0 million has an indefinite life and is therefore not amortized but is reviewed for impairment at least annually and whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable.

Future Estimated Amortization Expense

As of June 26, 2020, future estimated amortization expense is expected to be as follows:

	Amortization
(In millions)	Expense
2020 (remaining in year)	$	9.8
2021		19.6
2022		19.3
2023		14.2
2024		14.0
Thereafter		84.5
Total	$	161.4