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Goodwill and Other Intangible Assets (Tables)
3 Months Ended
Apr. 04, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill and Intangible Assets Net

Goodwill and intangible assets are as follows:

 

 

 

 

 

 

 

 

 

 

Initial

 

 

April 4,

 

 

December 28,

 

 

Useful Life

 

 

2020

 

 

2019

 

 

(in years)

 

 

(in thousands)

 

 

 

Goodwill

 

$

323,800

 

 

$

277,600

 

 

indefinite

 

 

 

 

 

 

 

 

 

 

 

Other intangible assets:

 

 

 

 

 

 

 

 

 

 

Trade names (indefinite-lived)

 

$

148,841

 

 

$

148,841

 

 

indefinite

 

 

 

 

 

 

 

 

 

 

 

Customer relationships and customer-related assets

 

 

201,547

 

 

 

200,647

 

 

<1-10

Trade name (amortizable)

 

 

23,500

 

 

 

-

 

 

15

Developed technology

 

 

5,600

 

 

 

3,000

 

 

6-10

Non-compete agreement

 

 

3,338

 

 

 

1,668

 

 

2-5

Software license

 

 

590

 

 

 

590

 

 

2

Less:  Accumulated amortization

 

 

(103,526

)

 

 

(98,784

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Subtotal

 

 

131,049

 

 

 

107,121

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other intangible assets, net

 

$

279,890

 

 

$

255,962

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill at December 28, 2019

 

$

277,600

 

 

 

 

 

 

 

Increase related to the acquisition of NewSouth

 

 

46,200

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill at April 4, 2020

 

$

323,800

 

 

 

 

 

 

 

Estimated Amortization for Future Fiscal Year

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

(in thousands)

 

Total

 

Remainder of 2020

 

$

14,677

 

2021

 

 

17,727

 

2022

 

 

16,869

 

2023

 

 

14,708

 

2024

 

 

14,621

 

Thereafter

 

 

52,447

 

 

 

 

 

 

Total

 

$

131,049