XML 56 R38.htm IDEA: XBRL DOCUMENT v3.22.0.1
Goodwill and Intangible Assets (Tables)
12 Months Ended
Jan. 01, 2022
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill and Intangible Assets Net

Goodwill and intangible assets are as follows as of:

 

 

 

 

 

 

 

 

 

Initial

 

 

January 1,

 

 

January 2,

 

 

Useful Life

 

 

2022

 

 

2021

 

 

(in years)

 

 

(in thousands)

 

 

 

Goodwill

 

$

364,598

 

 

$

329,695

 

 

indefinite

 

 

 

 

 

 

 

 

 

Other intangible assets:

 

 

 

 

 

 

 

 

Trade names (indefinite-lived)

 

$

212,141

 

 

$

140,841

 

 

indefinite

 

 

 

 

 

 

 

 

 

Customer relationships and customer-related assets

 

 

289,047

 

 

 

201,547

 

 

<1-15

Trade name (amortizable)

 

 

22,200

 

 

 

22,200

 

 

15

Developed technology

 

 

5,900

 

 

 

5,600

 

 

6-10

Non-compete agreement

 

 

3,338

 

 

 

3,338

 

 

2-5

Software license

 

 

590

 

 

 

590

 

 

2

Less: Accumulated amortization

 

 

(138,691

)

 

 

(117,609

)

 

 

 

 

 

 

 

 

 

 

 

Subtotal

 

 

182,384

 

 

 

115,666

 

 

 

 

 

 

 

 

 

 

 

 

Other intangible assets, net

 

$

394,525

 

 

$

256,507

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill at January 2, 2021

 

$

329,695

 

 

 

 

 

 

Increase in goodwill from our acquisition of Anlin

 

 

5,596

 

 

 

 

 

 

Increase in goodwill from our acquisition of Eco

 

 

25,584

 

 

 

 

 

 

Increase in goodwill from our acquisition of CRi

 

 

3,722

 

 

 

 

 

 

Goodwill at January 1, 2022

 

$

364,598

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade names (indefinite-lived) at January 2, 2021

 

$

140,841

 

 

 

 

 

 

Increase in trade names from our acquisition of Anlin

 

 

35,400

 

 

 

 

 

 

Increase in trade names from our acquisition of Eco

 

 

34,900

 

 

 

 

 

 

Increase in trade names from our acquisition in CRi

 

 

1,000

 

 

 

 

 

 

Trade names (indefinite-lived) at January 1, 2022

 

$

212,141

 

 

 

 

 

 

 

Estimated Amortization for Future Fiscal Year

Estimated amortization of our amortizable intangible assets is as follows for future fiscal years:

 

(in thousands)

 

Total

 

2022

 

$

23,000

 

2023

 

 

20,807

 

2024

 

 

20,760

 

2025

 

 

20,590

 

2026

 

 

17,192

 

Thereafter

 

 

80,035

 

 

 

 

 

Total

 

$

182,384