XML 26 R14.htm IDEA: XBRL DOCUMENT
v3.20.2

Goodwill and intangible assets | 9 Months Ended
--- | ---
Sep. 26, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and intangible assets | Goodwill and intangible assets The components of goodwill and other intangible assets are as follows: Goodwill:
| Global Ceramic segment |  | Flooring NA segment |  | Flooring ROW segment |  | Total
Balance as of December 31, 2019 |  |  |  |  |  |  |
Goodwill | $ | 1,583,576 |  |  | 874,198 |  |  | 1,439,678 |  |  | 3,897,452 |
Accumulated impairment losses | (531,930) |  |  | (343,054) |  |  | (452,441) |  |  | (1,327,425) |
| 1,051,646 |  |  | 531,144 |  |  | 987,237 |  |  | 2,570,027 |
Goodwill recognized during the period | — |  |  | — |  |  | (9,642) |  |  | (9,642) |
Currency translation during the period | (17,997) |  |  | — |  |  | 32,253 |  |  | 14,256 |
Balance as of September 26, 2020 |  |  |  |  |  |  |
Goodwill | 1,565,579 |  |  | 874,198 |  |  | 1,462,289 |  |  | 3,902,066 |
Accumulated impairment losses | (531,930) |  |  | (343,054) |  |  | (452,441) |  |  | (1,327,425) |
| $ | 1,033,649 |  |  | 531,144 |  |  | 1,009,848 |  |  | 2,574,641 |
Intangible assets not subject to amortization:
| Tradenames
Balance as of December 31, 2019 | $ | 702,732 |
Currency translation during the period | (4,166) |
Balance as of September 26, 2020 | $ | 698,566 |
Intangible assets subject to amortization:
Gross carrying amounts: | Customer relationships |  | Patents |  | Other |  | Total
Balance as of December 31, 2019 | $ | 645,206 |  |  | 249,100 |  |  | 6,631 |  |  | 900,937 |
Intangible assets recognized during the period | 12,789 |  |  | — |  |  | — |  |  | 12,789 |
Currency translation during the period | 12,622 |  |  | 9,548 |  |  | (27) |  |  | 22,143 |
Balance as of September 26, 2020 | $ | 670,617 |  |  | 258,648 |  |  | 6,604 |  |  | 935,869 |
Accumulated amortization: | Customer relationships |  | Patents |  | Other |  | Total
Balance as of December 31, 2019 | $ | 426,765 |  |  | 246,872 |  |  | 1,153 |  |  | 674,790 |
Amortization during the period | 19,531 |  |  | 1,595 |  |  | 57 |  |  | 21,183 |
Currency translation during the period | 10,173 |  |  | 9,495 |  |  | 16 |  |  | 19,684 |
Balance as of September 26, 2020 | $ | 456,469 |  |  | 257,962 |  |  | 1,226 |  |  | 715,657 |
Intangible assets subject to amortization, net | $ | 214,148 |  |  | 686 |  |  | 5,378 |  |  | 220,212 |
| Three Months Ended |  | Nine Months Ended
| September 26, 2020 |  | September 28, 2019 |  | September 26, 2020 |  | September 28, 2019
Amortization expense | $ | 7,327 |  |  | 6,912 |  |  | 21,183 |  |  | 20,596 |
Mohawk performs its annual testing of goodwill and indefinite lived intangibles in the fourth quarter of each year and no impairment was indicated for 2019. In 2019 the Company also concluded that in general, a decline in estimated after tax cash flows greater than approximately 19% to 39% or an increase of approximately 15% to 45% in WACC or a significant or prolonged decline in market capitalization could result in an additional indication of impairment. As a result of the economic impact from COVID-19, the Company performed a qualitative assessment of whether the fair value of any of its reporting units or indefinite-lived intangible assets was more likely than not less than its carrying amount at March 28, 2020. The Company concluded neither goodwill nor any of its indefinite-lived intangible assets were impaired at March 28, 2020. There were no factors or changes in circumstances to indicate a change to this assessment was required during the three month periods ended June 27, 2020 and September 26, 2020. However, while we have concluded that neither goodwill nor any of its indefinite-lived intangible assets were impaired during the quarter ended September 26, 2020, a prolonged pandemic could impact the Company’s assumptions utilized in the determination of the estimated fair values of the Company’s reporting units and indefinite-lived intangible assets significantly enough to trigger an impairment. Hence, the Company continues to monitor the economic impact of COVID-19 and may be required to reassess impairment of goodwill or indefinite-lived intangible assets in future interim periods.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration