Intangible Assets, net (Tables)

6 Months Ended

Jul. 02, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets

Intangible assets, net, consist of the following:


	July 2, 2022						January 1, 2022
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Intangible assets subject to amortization:
Customer relationships	$	228.6	$	(13.0)	$	215.6	$	24.6	$	(9.3)	$	15.3
Acquired technologies	183.9		(13.0)		170.9		28.4		(7.7)		20.7
Patents	61.9		(14.0)		47.9		31.5		(13.2)		18.3
Trademarks	18.7		(5.6)		13.1		12.2		(4.1)		8.1
Licenses	8.7		(2.5)		6.2		8.1		(2.0)		6.1
Licenses-related party	7.5		(6.2)		1.3		7.5		(6.0)		1.5
Non-compete agreements(1)	6.0		—		6.0		—		—		—
Capitalized software development costs	5.3		(2.7)		2.6		4.2		(2.6)		1.6
Other	1.9		(1.0)		0.9		2.0		(0.9)		1.1
Total intangible assets subject to amortization, net	$	522.5	$	(58.0)	$	464.5	$	118.5	$	(45.8)	$	72.7
Intangible assets not subject to amortization:
Trademarks					262.0						—
Intangible assets, net					$	726.5					$	72.7

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(1) In connection with the Sound United acquisition, the Company also acquired non-compete agreements with a gross carrying amount equal to $6.0 million.

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Estimated amortization expense for each of the next fiscal years is as follows:


Fiscal year	Amount (in millions)
2022 (balance of year)	$	23.8
2023	43.8
2024	40.4
2025	45.5
2026	40.7
Thereafter	270.3
Total	$	464.5