XML 52 R36.htm IDEA: XBRL DOCUMENT v3.25.0.1
Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill and Other Intangible Assets
Goodwill and other intangible assets included in the Consolidated Balance Sheets consisted of the following:
December 28, 2024December 30, 2023
Goodwill, net$442.1 $441.0 
Definite-lived intangible assets, net133.1 161.7 
Indefinite-lived intangible assets49.1 49.1 
Total goodwill and other intangible assets, net$624.3 $651.9 
Schedule of Activity in Carrying Amount of Goodwill
The changes in the carrying amount of goodwill, by reportable segment, are as follows:
Workplace FurnishingsResidential Building ProductsTotal
Balance as of December 31, 2022   
Goodwill$148.7 $222.4 $371.1 
Accumulated impairment losses(65.0)(0.1)(65.2)
Net goodwill balance as of December 31, 2022$83.6 $222.3 $305.9 
Goodwill acquired / measurement period adjustments162.7 — 162.7 
Impairment losses(27.6)— (27.6)
Goodwill disposed(14.1)— (14.1)
Accumulated impairment losses disposed14.1 — 14.1 
Balance as of December 30, 2023   
Goodwill297.2 222.4 519.6 
Accumulated impairment losses(78.5)(0.1)(78.6)
Net goodwill balance as of December 30, 2023$218.7 $222.3 $441.0 
Goodwill measurement period adjustments1.1 — 1.1 
Balance as of December 28, 2024   
Goodwill298.3 222.4 520.7 
Accumulated impairment losses(78.5)(0.1)(78.6)
Net goodwill balance as of December 28, 2024$219.8 $222.3 $442.1 
Schedule of Definite-Lived Intangible Assets
The table below summarizes amortizable definite-lived intangible assets, which are reflected in "Goodwill and Other Intangible Assets, net" in the Consolidated Balance Sheets:
December 28, 2024December 30, 2023
GrossAccumulated AmortizationNetGrossAccumulated AmortizationNet
Software$189.3 $151.3 $38.0 $199.6 $143.4 $56.2 
Trademarks and trade names17.9 8.3 9.5 18.1 7.3 10.8 
Customer lists and other139.7 54.3 85.5 143.9 49.2 94.7 
Net definite-lived intangible assets$346.9 $213.9 $133.1 $361.6 $199.8 $161.7 
Schedule of Finite-lived Intangible Assets Amortization Expense
Amortization expense is reflected in "Selling and administrative expenses" in the Consolidated Statements of Comprehensive Income and was as follows:
202420232022
Capitalized software$20.4 $21.6 $24.4 
Other definite-lived intangibles$10.5 $8.5 $6.5 
Schedule of Estimated Amortization Expense Based on the current amount of intangible assets subject to amortization, the estimated amortization expense for each of the following five fiscal years is as follows:
20252026202720282029
Amortization expense$28.4 $23.5 $17.2 $9.0 $8.9 
Schedule of Indefinite Lived Intangible Assets These indefinite-lived intangible assets are reflected in "Goodwill and Other Intangible Assets, net" in the Consolidated Balance Sheets:
December 28, 2024December 30, 2023
Trademarks and trade names$49.1 $49.1