XML 170 R13.htm IDEA: XBRL DOCUMENT v3.21.2
GOODWILL AND INTANGIBLE ASSETS
6 Months Ended
Jun. 27, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
The activity in goodwill by segment for the six months ended June 27, 2021 was as follows:
December 27, 2020Currency TranslationJune 27, 2021
(In thousands)
U.S.$41,936 $— $41,936 
U.K. and Europe835,505 19,655 855,160 
Mexico127,804 — 127,804 
Total$1,005,245 $19,655 $1,024,900 
Identified intangible assets consisted of the following:
December 27, 2020AmortizationCurrency TranslationJune 27, 2021
(In thousands)
Cost:
Trade names$78,343 $— $— $78,343 
Customer relationships297,062 — 3,209 300,271 
Non-compete agreements320 — — 320 
Trade names not subject to amortization405,240 — 9,262 414,502 
Accumulated amortization:
Trade names(47,486)(984)— (48,470)
 Customer relationships(143,246)(10,677)(1,187)(155,110)
 Non-compete agreements(320)— — (320)
Identified intangible assets, net$589,913 $(11,661)$11,284 $589,536 
Intangible assets are amortized over the estimated useful lives of the assets as follows:
Customer relationships
3-16 years
Trade names20 years
Non-compete agreements3 years
At June 27, 2021, the Company assessed if events or changes in circumstances indicated that the asset group-level carrying amounts 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 asset group-level carrying amounts of its identified intangible assets subject to amortization at that date.