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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 26, 2020

Schedule of Goodwill by Segment

The changes in the net carrying amount of goodwill by reporting segment for the years ended December 26, 2020 and December 28, 2019, are as follows (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Retail

Industrial

Construction

All Other

Corporate

Total

Balance as of December 29, 2018

$

55,509

$

78,646

$

82,728

$

7,234

​

$

—

$

224,117

2019 Acquisitions

​

2,589

​

6,250

​

​

​

​

​

​

—

​

8,839

2019 Purchase Accounting Adjustments

​

​

​

​

​

(3,620)

​

​

​

​

​

​

​

​

​

​

​

(3,620)

Foreign Exchange, Net

​

​

​

​

​

183

​

17

​

​

—

​

200

Balance as of December 28, 2019

​

58,098

​

81,276

​

82,911

​

7,251

​

​

—

​

229,536

2020 Acquisitions

​

3,643

​

​

6,549

​

​

18,902

​

​

4,441

​

​

—

​

33,535

2020 Purchase Accounting Adjustments

​

​

202

​

​

2

​

​

—

​

​

—

​

​

—

​

​

204

2020 Impairments

​

​

—

​

​

—

​

​

(11,485)

​

​

—

​

​

—

​

​

(11,485)

Foreign Exchange, Net

​

—

​

​

—

​

​

401

​

​

2

​

​

—

​

403

Balance as of December 26, 2020

​

$

61,943

$

87,827

​

$

90,729

​

$

11,694

​

$

—

​

$

252,193

Other Intangible Assets

The following amounts were included in other amortizable intangible assets, net as of December 26, 2020 and December 28, 2019 (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

2020

​

2019

​

​

​

Accumulated

​

​

​

​

Accumulated

​

​

​

​

Assets

​

Amortization

​

Net Value

​

Assets

​

Amortization

​

Net Value

Non-compete agreements

​

$

4,847

​

$

(2,728)

​

$

2,119

​

$

5,092

​

$

(2,262)

​

$

2,830

Customer relationships

​

80,343

​

(17,021)

​

​

63,322

​

48,084

​

(10,079)

​

38,005

Licensing agreements

​

4,589

​

(4,589)

​

​

—

​

4,589

​

(4,368)

​

221

Patents

​

965

​

(509)

​

​

456

​

914

​

(421)

​

493

Tradename

​

​

8,019

​

​

(2,123)

​

​

5,896

​

​

7,966

​

​

(1,202)

​

​

6,764

Software

​

​

505

​

​

(46)

​

​

459

​

​

—

​

​

—

​

​

—

Total

​

$

99,268

​

$

(27,016)

​

$

72,252

​

$

66,645

​

$

(18,332)

​

$

48,313

​

Estimated Useful Lives of Intangible Assets

​

​	​	​	​	​
​		​		Weighted Average
Intangible Asset Type	​	Estimated Useful Life	​	Amortization Period
Non-compete agreements		3 to 15 years		10.1 years
Customer relationship		5 to 15 years		6.3 years
Licensing agreements		10 years		10 years
Tradename (amortizable)		3 to 15 years		11.5 years
Software	​	3 to 5 years	​	3.7 years

Expected Amortization Expense

Amortization expense of intangibles totaled $8.7 million, $6.3 million and $6.4 million in 2020, 2019 and 2018, respectively. The estimated amortization expense for intangibles for each of the five succeeding fiscal years is as follows (in thousands):

​	​	​	​
2021		$	12,074
2022	​		11,759
2023	​		11,018
2024	​		10,795
2025	​		7,900
Thereafter	​		18,706
Total	​	$	72,252

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+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
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