Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 26, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Goodwill

Goodwill and other intangible assets included in the Condensed Consolidated Balance Sheets consisted of the following (in thousands):

	September 26, 2020		December 28, 2019
Goodwill	$	259,663	$	270,820
Definite-lived intangible assets	126,021		146,040
Indefinite-lived intangible assets	26,603		28,849
Total goodwill and other intangible assets	$	412,287	$	445,709

Schedule of Goodwill

The changes in the carrying amount of goodwill, by reporting segment, are as follows (in thousands):

	Workplace Furnishings		Residential Building Products		Total
Balance as of December 28, 2019
Goodwill	$	128,677	$	186,662	$	315,339
Accumulated impairment losses	(44,376)		(143)		(44,519)
Net goodwill balance as of December 28, 2019	84,301		186,519		270,820
Goodwill acquired	—		10,422		10,422
Impairment losses	(21,607)		—		(21,607)
Foreign currency translation adjustment	28		—		28
Balance as of September 26, 2020
Goodwill	128,705		197,084		325,789
Accumulated impairment losses	(65,983)		(143)		(66,126)
Net goodwill balance as of September 26, 2020	$	62,722	$	196,941	$	259,663

Schedule of Finite-Lived Intangible Assets by Major Class

The table below summarizes amortizable definite-lived intangible assets, which are reflected in "Goodwill and Other Intangible Assets" in the Condensed Consolidated Balance Sheets (in thousands):

	September 26, 2020						December 28, 2019
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Patents	$	—	$	—	$	—	$	40	$	40	$	—
Software	175,422		73,596		101,826		176,836		67,541		109,295
Trademarks and trade names	6,564		3,412		3,152		7,564		3,381		4,183
Customer lists and other	81,111		60,068		21,043		104,004		71,442		32,562
Net definite-lived intangible assets	$	263,097	$	137,076	$	126,021	$	288,444	$	142,404	$	146,040

Finite-lived Intangible Assets Amortization Expense

Amortization expense is reflected in "Selling and administrative expenses" in the Condensed Consolidated Statements of Comprehensive Income and was as follows (in thousands):

	Three Months Ended				Nine Months Ended
	September 26, 2020		September 28, 2019		September 26, 2020		September 28, 2019
Capitalized software	$	4,910	$	4,479	$	14,288	$	13,686
Other definite-lived intangibles	$	1,136	$	1,571	$	3,811	$	4,716

Schedule of Expected Amortization Expense Table

Based on the current amount of intangible assets subject to amortization, the estimated amortization expense for each of the following five years is as follows (in millions):

	2020		2021		2022		2023		2024
Amortization expense	$	24.1	$	23.3	$	20.3	$	16.9	$	15.2

Schedule of Indefinite Lived Intangible Assets and Goodwill

These indefinite-lived intangible assets are reflected in "Goodwill and Other Intangible Assets" in the Condensed Consolidated Balance Sheets (in thousands):

	September 26, 2020		December 28, 2019
Trademarks and trade names	$	26,603	$	28,849