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Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 28, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of 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
			KGS						US						Total
Gross value			$	609.6					$	127.4					$	737.0
Less accumulated impairment			239.5						13.8						253.3
Net			$	370.1					$	113.6					$	483.7

			As of December 27, 2020
			KGS						US						Total
Gross value			$	609.6					$	127.6					$	737.2
Less accumulated impairment			239.5						13.8						253.3
Net			$	370.1					$	113.8					$	483.9

Schedule of intangible assets (finite-lived)

The following table sets forth information for finite-lived and indefinite-lived intangible assets (in millions): 

			As of March 28, 2021																		As 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 backlog			33.4						(31.7)						1.7						33.4						(31.0)						2.4
Developed technology and technical know-how			29.9						(25.4)						4.5						29.9						(25.3)						4.6
Trade names			2.0						(2.0)						—						2.0						(1.9)						0.1
In-process research and development			9.4						—						9.4						9.4						—						9.4
Total finite-lived intangible assets			150.0						(115.3)						34.7						150.0						(113.9)						36.1
Indefinite-lived trade names			6.9						—						6.9						6.9						—						6.9
Total intangible assets			$	156.9					$	(115.3)					$	41.6					$	156.9					$	(113.9)					$	43.0

Schedule of intangible assets (indefinite-lived)

The following table sets forth information for finite-lived and indefinite-lived intangible assets (in millions): 

			As of March 28, 2021																		As 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 backlog			33.4						(31.7)						1.7						33.4						(31.0)						2.4
Developed technology and technical know-how			29.9						(25.4)						4.5						29.9						(25.3)						4.6
Trade names			2.0						(2.0)						—						2.0						(1.9)						0.1
In-process research and development			9.4						—						9.4						9.4						—						9.4
Total finite-lived intangible assets			150.0						(115.3)						34.7						150.0						(113.9)						36.1
Indefinite-lived trade names			6.9						—						6.9						6.9						—						6.9
Total intangible assets			$	156.9					$	(115.3)					$	41.6					$	156.9					$	(113.9)					$	43.0

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Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
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Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

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-Name Accounting Standards Codification
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Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity, by either major class or business segment.

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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 30
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-Paragraph 3
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