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GOODWILL AND INTANGIBLE ASSETS | 12 Months Ended
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Dec. 27, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS The activity in goodwill by reportable segment for the years ended December 27, 2020 and December 29, 2019 were as follows:
| December 29, 2019 |  | Additions |  | Currency Translation |  | December 27, 2020
| (In thousands)
U.S. | $ | 41,936 |  |  | $ | — |  |  | $ | — |  |  | $ | 41,936 |
U.K. and Europe | 806,207 |  |  | — |  |  | 29,298 |  |  | 835,505 |
Mexico | 125,607 |  |  | 2,197 |  |  | — |  |  | 127,804 |
Total | $ | 973,750 |  |  | $ | 2,197 |  |  | $ | 29,298 |  |  | $ | 1,005,245 |
| December 30, 2018 |  | Additions |  | 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 |
Identified intangible assets consisted of the following:
| December 29, 2019 |  | Additions |  | Amortization |  | Currency Translation |  |  |  | December 27, 2020
| (In thousands)
Carrying amount: |  |  |  |  |  |  |  |  |  |  |
Trade names | $ | 78,343 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | 78,343 |
Customer relationships | 292,278 |  |  | — |  |  | — |  |  | 4,784 |  |  |  |  | 297,062 |
Non-compete agreements | 320 |  |  | — |  |  | — |  |  | — |  |  |  |  | 320 |
Trade names not subject to amortization | 391,431 |  |  | — |  |  | — |  |  | 13,809 |  |  |  |  | 405,240 |
Accumulated amortization: |  |  |  |  |  |  |  |  |  |  |
Trade names | (45,518) |  |  | — |  |  | (1,968) |  |  | — |  |  |  |  | (47,486) |
Customer relationships | (120,481) |  |  | — |  |  | (20,747) |  |  | (2,018) |  |  |  |  | (143,246) |
Non-compete agreements | (320) |  |  | — |  |  | — |  |  | — |  |  |  |  | (320) |
Total | $ | 596,053 |  |  | $ | — |  |  | $ | (22,715) |  |  | $ | 16,575 |  |  |  |  | $ | 589,913 |
| December 30, 2018 |  | Additions |  | Amortization |  | Currency Translation |  | 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 |
Additions shown in above table for 2019 are comprised of a customer relationships intangible asset recorded as part of the PPL 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 eleven 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 | 3-16 years
Trade names | 20 years
Non-compete agreements | 3 years
The Company recognized amortization expense related to identified intangible assets of $22.7 million in 2020, $22.9 million in 2019 and $25.7 million in 2018. The Company expects to recognize amortization expense associated with identified intangible assets of $23.3 million in 2021, $23.3 million in 2022, $22.3 million in 2023 and $21.2 million in 2024, and $21.2 million in 2025. As of December 27, 2020, the Company assessed qualitative factors to determine if it was necessary to perform either the two-step quantitative impairment test related to the carrying amount of its goodwill or quantitative impairment tests related to the carrying amounts of its identified intangible assets not subject to amortization. Based on these assessments, the Company determined that it was not necessary to perform either the two-step quantitative impairment test related to the carrying amount of its goodwill nor the quantitative impairment tests related to the carrying amounts of its identified intangible assets not subject to amortization at that date. As of December 27, 2020, the Company assessed if events or changes in circumstances indicated that the aggregate carrying amount 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 aggregate carrying amount of its identified intangible assets subject to amortization at that date.

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