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Goodwill & Intangibles | 3 Months Ended
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Mar. 26, 2023
Goodwill & Intangibles |
Goodwill & Intangibles | 4. Goodwill & Intangibles ​ The Company operates in three geographic segments: Americas, Europe, and APMEA. The changes in the carrying amount of goodwill by geographic segment are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Gross Balance | ​ | Accumulated Impairment Losses | ​ | Foreign Currency Translation | ​ | Net Goodwill
​ | ​ | ​ | ​ | Acquired | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | January 1, | ​ | ​
​ | ​ | Balance | ​ | During | ​ | Balance | ​ | Balance | ​ | Impairment | ​ | Balance | ​ | 2023 - | ​ | ​
​ | ​ | January 1, | ​ | the | ​ | March 26, | ​ | January 1, | ​ | Loss During | ​ | March 26, | ​ | March 26, | ​ | March 26,
​ |  | 2023 |  | Period |  | 2023 |  | 2023 |  | the Period |  | 2023 |  | 2023 |  | 2023
​ | ​ | (in millions)
Americas | ​ | $ | 490.3 | ​ | $ | — | ​ | $ | 490.3 | ​ | $ | (24.5) | ​ | $ | — | ​ | $ | (24.5) | ​ | $ | (0.1) | ​ | $ | 465.7
Europe | ​ |  | 236.7 | ​ |  | — | ​ |  | 236.7 | ​ |  | (129.7) | ​ |  | — | ​ |  | (129.7) | ​ |  | 1.5 | ​ |  | 108.5
APMEA | ​ |  | 32.5 | ​ |  | — | ​ |  | 32.5 | ​ |  | (12.9) | ​ |  | — | ​ |  | (12.9) | ​ |  | (0.2) | ​ |  | 19.4
Total | ​ | $ | 759.5 | ​ | $ | — | ​ | $ | 759.5 | ​ | $ | (167.1) | ​ | $ | — | ​ | $ | (167.1) | ​ | $ | 1.2 | ​ | $ | 593.6
​ Goodwill and indefinite-lived intangible assets are tested for impairment at least annually or more frequently if events or circumstances indicate that it is “more likely than not” that they might be impaired, such as from a change in business conditions. The Company performs its annual goodwill and indefinite-lived intangible assets impairment assessment in the fourth quarter of each year. At the most recent annual impairment test which occurred in the fourth quarter of 2022, the Company performed qualitative fair value assessments, including an evaluation of certain key assumptions for all seven of its reporting units. The Company concluded that the fair value of all seven reporting units exceeded their carrying values at that time. ​ Intangible assets include the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 26, 2023 | ​ | December 31, 2022
​ | ​ | Gross | ​ | ​ | ​ | ​ | Net | ​ | Gross | ​ | ​ | ​ | ​ | Net
​ | ​ | Carrying | ​ | Accumulated | ​ | Carrying | ​ | Carrying | ​ | Accumulated | ​ | Carrying
​ |  | Amount |  | Amortization |  | Amount |  | Amount |  | Amortization |  | Amount
​ | ​ | (in millions)
Patents | ​ | $ | 5.0 | ​ | $ | (5.0) | ​ | $ | — | ​ | $ | 5.0 | ​ | $ | (5.0) | ​ | $ | —
Customer relationships | ​ |  | 175.1 | ​ |  | (120.4) | ​ |  | 54.7 | ​ |  | 175.1 | ​ |  | (118.6) | ​ |  | 56.5
Technology | ​ |  | 53.2 | ​ |  | (41.4) | ​ |  | 11.8 | ​ |  | 53.2 | ​ |  | (40.5) | ​ |  | 12.7
Trade names | ​ |  | 19.8 | ​ |  | (11.1) | ​ |  | 8.7 | ​ |  | 19.8 | ​ |  | (10.8) | ​ |  | 9.0
Other | ​ |  | 1.1 | ​ |  | (0.7) | ​ |  | 0.4 | ​ |  | 1.1 | ​ |  | (0.6) | ​ |  | 0.5
Total amortizable intangibles | ​ |  | 254.2 | ​ |  | (178.6) | ​ |  | 75.6 | ​ |  | 254.2 | ​ |  | (175.5) | ​ |  | 78.7
Indefinite-lived intangible assets | ​ |  | 35.2 | ​ |  | — | ​ |  | 35.2 | ​ |  | 35.0 | ​ |  | — | ​ |  | 35.0
​ | ​ | $ | 289.4 | ​ | $ | (178.6) | ​ | $ | 110.8 | ​ | $ | 289.2 | ​ | $ | (175.5) | ​ | $ | 113.7
​ Aggregate amortization expense for amortized intangible assets for the first quarters ended March 26, 2023 and March 27, 2022 was $3.0 million and $3.1 million, respectively.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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