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GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 29, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill by Segment
The activity in goodwill by reportable segment for the years ended December 29, 2019 and December 30, 2018 were as follows:
 
December 30, 2018
 
Additions
 
Other
 
Currency Translation
 
December 29, 2019
 
(In thousands)
U.S.
$
41,936

 
$

 
$

 
$

 
$
41,936

U.K. and Europe
782,207

 

 

 
24,000

 
806,207

Mexico
125,607

 

 

 

 
125,607

     Total
$
949,750

 
$

 
$

 
$
24,000

 
$
973,750

 
December 31, 2017
 
Additions
 
Other
 
Currency Translation
 
December 30, 2018
 
(In thousands)
U.S.
$
41,936

 
$

 
$

 
$

 
$
41,936

U.K. and Europe
834,346

 

 
(1,156
)
 
(50,983
)
 
782,207

Mexico
125,607

 

 

 

 
125,607

     Total
$
1,001,889

 
$

 
$
(1,156
)
 
$
(50,983
)
 
$
949,750


Schedule of Intangible Assets
Identified intangible assets consisted of the following:
 
December 30, 2018
 
Additions
 
Amortization
 
Currency Translation
 
Reclassification
 
December 29, 2019
 
(In thousands)
Carrying amount:
 
 
 
 
 
 
 
 
 
 
 
     Trade names
$
78,343

 
$

 
$

 
$

 
$

 
$
78,343

     Customer relationships
247,706

 
40,418

 

 
4,154

 

 
292,278

     Non-compete agreements
320

 

 

 

 

 
320

     Trade names not subject to
           amortization
380,067

 

 

 
11,364

 

 
391,431

Accumulated amortization:
 
 
 
 
 
 
 
 
 
 
 
     Trade names
(43,552
)
 

 
(1,966
)
 

 

 
(45,518
)
     Customer relationships
(98,441
)
 

 
(20,920
)
 
(1,120
)
 

 
(120,481
)
     Non-compete agreements
(315
)
 

 
(5
)
 

 

 
(320
)
Total
$
564,128

 
$
40,418

 
$
(22,891
)
 
$
14,398

 
$

 
$
596,053

 
December 31, 2017
 
Additions
 
Amortization
 
Currency Translation
 
Reclassification
 
December 30, 2018
 
(In thousands)
Carrying amount:
 
 
 
 
 
 
 
 
 
 
 
     Trade names
$
79,686

 
$

 
$

 
$

 
$
(1,343
)
 
$
78,343

     Customer relationships
251,952

 

 

 
(5,589
)
 
1,343

 
247,706

     Non-compete agreements
320

 

 

 

 

 
320

     Trade names not subject to
          amortization
403,594

 

 

 
(23,527
)
 

 
380,067

Accumulated amortization:
 
 
 
 
 
 
 
 
 
 

     Trade names
(40,888
)
 

 
(3,287
)
 

 
623

 
(43,552
)
     Customer relationships
(77,194
)
 

 
(22,441
)
 
1,817

 
(623
)
 
(98,441
)
     Non-compete agreements
(307
)
 

 
(8
)
 

 

 
(315
)
Total
$
617,163

 
$

 
$
(25,736
)
 
$
(27,299
)
 
$

 
$
564,128

Additions shown in above table are comprised of a customer relationships intangible asset recorded as part of the Tulip acquisition. The Company valued this asset using the income approach resulting in a fair value of $40.4 million. The intangible asset has a useful life of 11 years. For additional information regarding the initial valuation and assumptions used, refer to “Note 2. Business Acquisitions.”
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