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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Dec. 26, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The carrying amounts of goodwill as of December 26, 2021 and December 27, 2020 by reportable segment are as follows (in millions):
|  |  | As of December 26, 2021
|  |  | US |  | KGS |  | Total
Gross value |  |  | $ | 127.9 |  |  | $ | 619.3 |  |  | $ | 747.2 |
Less accumulated impairment |  |  | 13.8 |  |  | 239.5 |  |  | 253.3 |
Net |  |  | $ | 114.1 |  |  | $ | 379.8 |  |  | $ | 493.9 |
|  |  | As of December 27, 2020
|  |  | US |  | KGS |  | Total
Gross value |  |  | $ | 127.6 |  |  | $ | 609.6 |  |  | $ | 737.2 |
Less accumulated impairment |  |  | 13.8 |  |  | 239.5 |  |  | 253.3 |
Net |  |  | $ | 113.8 |  |  | $ | 370.1 |  |  | $ | 483.9 |
Schedule of Acquired Finite-Lived Intangible Assets | The following table sets forth information for acquired finite-lived and indefinite-lived intangible assets (in millions):
| As of December 26, 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 | $ | 76.5 |  |  | $ | (57.6) |  |  | $ | 18.9 |  |  | $ | 75.3 |  |  | $ | (55.7) |  |  | $ | 19.6 |
Contracts and backlog | 34.9 |  |  | (33.1) |  |  | 1.8 |  |  | 33.4 |  |  | (31.0) |  |  | 2.4 |
Developed technology and technical know-how | 31.4 |  |  | (25.8) |  |  | 5.6 |  |  | 29.9 |  |  | (25.3) |  |  | 4.6 |
Trade names | 2.7 |  |  | (2.0) |  |  | 0.7 |  |  | 2.0 |  |  | (1.9) |  |  | 0.1 |
In-process research and development | 9.5 |  |  | (0.2) |  |  | 9.3 |  |  | 9.4 |  |  | — |  |  | 9.4 |
Total finite-lived intangible assets | 155.0 |  |  | (118.7) |  |  | 36.3 |  |  | 150.0 |  |  | (113.9) |  |  | 36.1 |
Indefinite-lived trade names | 6.9 |  |  | — |  |  | 6.9 |  |  | 6.9 |  |  | — |  |  | 6.9 |
Total intangible assets | $ | 161.9 |  |  | $ | (118.7) |  |  | $ | 43.2 |  |  | $ | 156.9 |  |  | $ | (113.9) |  |  | $ | 43.0 |
Schedule of Acquired Indefinite-Lived Intangible Assets | The following table sets forth information for acquired finite-lived and indefinite-lived intangible assets (in millions):
| As of December 26, 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 | $ | 76.5 |  |  | $ | (57.6) |  |  | $ | 18.9 |  |  | $ | 75.3 |  |  | $ | (55.7) |  |  | $ | 19.6 |
Contracts and backlog | 34.9 |  |  | (33.1) |  |  | 1.8 |  |  | 33.4 |  |  | (31.0) |  |  | 2.4 |
Developed technology and technical know-how | 31.4 |  |  | (25.8) |  |  | 5.6 |  |  | 29.9 |  |  | (25.3) |  |  | 4.6 |
Trade names | 2.7 |  |  | (2.0) |  |  | 0.7 |  |  | 2.0 |  |  | (1.9) |  |  | 0.1 |
In-process research and development | 9.5 |  |  | (0.2) |  |  | 9.3 |  |  | 9.4 |  |  | — |  |  | 9.4 |
Total finite-lived intangible assets | 155.0 |  |  | (118.7) |  |  | 36.3 |  |  | 150.0 |  |  | (113.9) |  |  | 36.1 |
Indefinite-lived trade names | 6.9 |  |  | — |  |  | 6.9 |  |  | 6.9 |  |  | — |  |  | 6.9 |
Total intangible assets | $ | 161.9 |  |  | $ | (118.7) |  |  | $ | 43.2 |  |  | $ | 156.9 |  |  | $ | (113.9) |  |  | $ | 43.0 |
Schedule of Future Amortization Expense of Finite-Lived Intangible Assets | The estimated future amortization expense of acquired intangible assets with finite lives as of December 26, 2021 is as follows (in millions):
Fiscal Year | Amount
2022 | 5.0 |
2023 | 4.7 |
2024 | 3.9 |
2025 | 3.7 |
2026 | 3.5 |
Thereafter | 15.5 |
Total | $ | 36.3 |
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- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of acquired indefinite-lived intangible assets. Indefinite-lived intangible assets are assets that have no physical form, but have expected future economic benefit. Indefinite-lived assets are assets that are not subject to amortization. Acquired indefinite-lived intangible assets are disclosed by major class (assets that can be grouped together because they are similar, either by their nature or by their use in operations of the entity) and in total. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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