XML 23 R12.htm IDEA: XBRL DOCUMENT v3.21.1
Goodwill and Intangible Assets
3 Months Ended
Mar. 28, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
 
(a)    Goodwill
 
    The carrying amounts of goodwill as of March 28, 2021 and December 27, 2020 by reportable segment are as follows (in millions):
As of March 28, 2021
KGSUSTotal
Gross value$609.6 $127.4 $737.0 
Less accumulated impairment239.5 13.8 253.3 
Net$370.1 $113.6 $483.7 

As of December 27, 2020
KGSUSTotal
Gross value$609.6 $127.6 $737.2 
Less accumulated impairment239.5 13.8 253.3 
Net$370.1 $113.8 $483.9 

(b)    Purchased Intangible Assets
 
The following table sets forth information for finite-lived and indefinite-lived intangible assets (in millions): 
 As of March 28, 2021As of December 27, 2020
 Gross
Value
Accumulated
Amortization
Net
Value
Gross
Value
Accumulated
Amortization
Net
Value
Acquired finite-lived intangible assets:    
Customer relationships$75.3 $(56.2)$19.1 $75.3 $(55.7)$19.6 
Contracts and backlog33.4 (31.7)1.7 33.4 (31.0)2.4 
Developed technology and technical know-how29.9 (25.4)4.5 29.9 (25.3)4.6 
Trade names2.0 (2.0)— 2.0 (1.9)0.1 
In-process research and development9.4 — 9.4 9.4 — 9.4 
Total finite-lived intangible assets150.0 (115.3)34.7 150.0 (113.9)36.1 
Indefinite-lived trade names6.9 — 6.9 6.9 — 6.9 
Total intangible assets$156.9 $(115.3)$41.6 $156.9 $(113.9)$43.0 

Consolidated amortization expense related to intangible assets subject to amortization was $1.4 million and $1.9 million for the three months ended March 28, 2021 and March 29, 2020, respectively.