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Goodwill and Other Intangible Assets (Tables)
3 Months Ended
Mar. 29, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill and Other Intangible Assets
Goodwill and other intangible assets included in the Condensed Consolidated Balance Sheets consisted of the following:
March 29,
2025
December 28,
2024
Goodwill, net$442.1 $442.1 
Definite-lived intangible assets, net126.3 133.1 
Indefinite-lived intangible assets49.1 49.1 
Total goodwill and other intangible assets, net$617.5 $624.3 
Schedule of Activity in Carrying Amount of Goodwill
The activity in the carrying amount of goodwill, by reporting segment, was as follows:
Workplace FurnishingsResidential Building ProductsTotal
Balance as of December 28, 2024   
Goodwill$298.3 $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 
Goodwill derecognized(13.9)— (13.9)
Accumulated impairment losses derecognized13.9 — 13.9 
Balance as of March 29, 2025  
Goodwill284.4 222.4 506.8 
Accumulated impairment losses(64.6)(0.1)(64.7)
Net goodwill balance as of March 29, 2025
$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 Condensed Consolidated Balance Sheets:
March 29, 2025December 28, 2024
GrossAccumulated AmortizationNetGrossAccumulated AmortizationNet
Software$188.8 $154.9 $33.9 $189.3 $151.3 $38.0 
Trademarks and trade names17.9 8.6 9.2 17.9 8.3 9.5 
Customer lists and other139.7 56.6 83.2 139.7 54.3 85.5 
Net definite-lived intangible assets$346.4 $220.1 $126.3 $346.9 $213.9 $133.1 
Schedule of 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:
Three Months Ended
March 29,
2025
March 30,
2024
Capitalized software$4.7 $5.2 
Other definite-lived intangibles$2.6 $2.6 
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 years is as follows:
20252026202720282029
Amortization expense$28.4 $23.5 $17.3 $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 Condensed Consolidated Balance Sheets:
March 29,
2025
December 28,
2024
Trademarks and trade names$49.1 $49.1