GOODWILL AND INTANGIBLE ASSETS

3 Months Ended

Apr. 01, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

The activity in goodwill by segment for the thirteen weeks ended April 1, 2018 was as follows:



	December 31, 2017		Currency Translation		April 1, 2018
	(In thousands)
U.S.	$	41,936	$	—	$	41,936
U.K. and Europe	834,346		31,237		865,583
Mexico	125,607		—		125,607
Total	$	1,001,889	$	31,237	$	1,033,126

Identified intangible assets consisted of the following:



		December 31, 2017			Amortization			Currency Translation			Reclassification			April 1, 2018
	(In thousands)
Carrying amount:
Trade names		$	79,686		$	—		$	—		$	(1,343	)	$	78,343
Customer relationships		251,952			—			3,552			1,343			256,847
Non-compete agreements		320			—			—			—			320
Trade names not subject to amortization		403,594			—			15,344			—			418,938
Accumulated amortization:
Trade names		(40,888		)	(932		)	—			623			(41,197		)
Customer relationships		(77,194		)	(5,820		)	(891		)	(623		)	(84,528		)
Non-compete agreements		(307		)	(2		)	—			—			(309		)
Total identified intangible assets		$	617,163		$	(6,754	)	$	18,005		$	—		$	628,414

Intangible assets are amortized over the estimated useful lives of the assets as follows:



Customer relationships	5-16 years
Trade names	3-20 years
Non-compete agreements	3 years

At April 1, 2018, the Company assessed if events or changes in circumstances indicated that the aggregate carrying amount of its identified intangible assets subject to amortization might not be recoverable. There were no indicators present that required the Company to test the recoverability of the aggregate carrying amount of its identified intangible assets subject to amortization at that date.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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