Intangible Assets, net (Tables)

9 Months Ended

Oct. 01, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets

Intangible assets, net, consist of the following:


	October 1, 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	$	220.6	$	(16.1)	$	204.5	$	24.6	$	(9.3)	$	15.3
Acquired technologies	183.5		(19.6)		163.9		28.4		(8.7)		19.7
Patents	33.9		(13.3)		20.6		31.5		(12.2)		19.3
Licenses	37.8		(3.6)		34.2		8.1		(2.0)		6.1
Trademarks	18.7		(5.2)		13.5		12.2		(4.1)		8.1
Licenses-related party	7.5		(6.3)		1.2		7.5		(6.0)		1.5
Non-compete agreements(1)	6.3		(0.7)		5.6		0.3		—		0.3
Capitalized software development costs	5.3		(2.8)		2.5		4.3		(2.6)		1.7
Other	1.6		(1.0)		0.6		1.6		(1.1)		0.5
Total intangible assets subject to amortization, net	$	515.2	$	(68.6)	$	446.6	$	118.5	$	(46.0)	$	72.5
Intangible assets not subject to amortization:
Trademarks					262.0						—
Intangible assets, net					$	708.6					$	72.5

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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)	$	14.1
2023	28.7
2024	28.4
2025	27.4
2026	25.6
Thereafter	322.4
Total	$	446.6