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GOODWILL AND OTHER INTANGIBLE ASSETS | 12 Months Ended
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Dec. 30, 2023
GOODWILL AND OTHER INTANGIBLE ASSETS |
GOODWILL AND OTHER INTANGIBLE ASSETS | D.GOODWILL AND OTHER INTANGIBLE ASSETS As described in Note M — Segment Reporting, our segment structure is based upon the markets we serve and goodwill has been allocated to the segments using a relative fair value approach. The changes in the net carrying amount of goodwill by reporting segment for the years ended December 30, 2023 and December 31, 2022, are as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Retail |  | Packaging |  | Construction |  | All Other |  | Corporate |  | Total
Balance as of December 25, 2021 |  | $ | 73,376 |  | $ | 128,541 |  | $ | 89,000 |  | $ | 24,121 | ​ | $ | — |  | $ | 315,038
2022 Acquisitions |  | ​ | 10,971 | ​ | ​ | 23,862 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — |  | ​ | 34,833
2022 Purchase Accounting Adjustments | ​ | ​ | 293 | ​ | ​ | (3,494) | ​ | ​ | (1,074) | ​ | ​ | (4,766) | ​ | ​ | — | ​ | ​ | (9,041)
2022 Impairments | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (2,480) | ​ | ​ | — | ​ | ​ | (2,480)
Foreign Exchange, Net |  | ​ | — | ​ | ​ | — | ​ | ​ | (256) | ​ | ​ | (774) | ​ | ​ | — |  | ​ | (1,030)
Balance as of December 31, 2022 |  | $ | 84,640 |  | $ | 148,909 |  | $ | 87,670 |  | $ | 16,101 | ​ | $ | — |  | $ | 337,320
2023 Acquisitions |  | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 7,077 | ​ | ​ | — |  | ​ | 7,077
2023 Purchase Accounting Adjustments | ​ | ​ | (979) | ​ | ​ | (7,867) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (8,846)
Foreign Exchange, Net |  | ​ | — | ​ | ​ | — | ​ | ​ | 135 | ​ | ​ | 627 | ​ | ​ | — |  | ​ | 762
Balance as of December 30, 2023 | ​ | $ | 83,661 |  | $ | 141,042 | ​ | $ | 87,805 | ​ | $ | 23,805 | ​ | $ | — | ​ | $ | 336,313
​ As of the date of the most recent goodwill impairment test, which utilized data and assumptions as of September 30, 2023, all reporting units had fair values that were substantially in excess of their carrying values. During 2022, we experienced significantly lower than expected operating results within our Italian reporting unit, which is within the all other segment. It was determined that the carrying value of the reporting unit exceeded its fair value and as a result, we recorded a non-cash goodwill impairment charge of $2.5 million as of December 31, 2022, which represented the entire amount of the goodwill recorded within the reporting unit. Subsequently, the Italian reporting unit was divested in 2023. Indefinite-lived intangible assets totaled $7.3 million as of December 30, 2023 and December 31, 2022 related to the commercial unit within the construction segment, the international unit within the all other segment, and the Deckorators unit within the retail segment. The following amounts were included in other amortizable intangible assets, net as of December 30, 2023 and December 31, 2022 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2023 | ​ | 2022
​ |  | ​ | ​ |  | Accumulated |  | ​ | ​ |  | ​ | ​ |  | Accumulated |  | ​ | ​
​ | ​ | Assets | ​ | Amortization | ​ | Net Value | ​ | Assets | ​ | Amortization | ​ | Net Value
Non-compete agreements | ​ | $ | 9,886 | ​ | $ | (5,966) | ​ | $ | 3,920 | ​ | $ | 12,577 | ​ | $ | (7,109) | ​ | $ | 5,468
Customer relationships and other | ​ |  | 171,029 | ​ |  | (43,403) | ​ | ​ | 127,626 | ​ |  | 139,112 | ​ |  | (34,646) | ​ | ​ | 104,466
Licensing agreements | ​ |  | — | ​ |  | — | ​ | ​ | — | ​ |  | 4,589 | ​ |  | (4,589) | ​ | ​ | —
Patents | ​ |  | 1,622 | ​ |  | (898) | ​ | ​ | 724 | ​ |  | 1,976 | ​ |  | (1,104) | ​ | ​ | 872
Technology | ​ | ​ | 12,600 | ​ | ​ | (2,173) | ​ | ​ | 10,427 | ​ | ​ | 2,600 | ​ | ​ | (875) | ​ | ​ | 1,725
Tradename | ​ | ​ | 39,831 | ​ | ​ | (12,320) | ​ | ​ | 27,511 | ​ | ​ | 38,826 | ​ | ​ | (8,393) | ​ | ​ | 30,433
Software | ​ | ​ | 7,666 | ​ | ​ | (2,679) | ​ | ​ | 4,987 | ​ | ​ | 1,788 | ​ | ​ | (860) | ​ | ​ | 928
Total | ​ | $ | 242,634 | ​ | $ | (67,439) | ​ | $ | 175,195 | ​ | $ | 201,468 | ​ | $ | (57,576) | ​ | $ | 143,892
​ Amortization is computed principally by the straight-line method over the estimated useful lives of the intangible assets as follows: ​
​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Weighted Average
Intangible Asset Type | ​ | Estimated Useful Life | ​ | Amortization Period
Non-compete agreements |  | 2 to 15 years |  | 7.5 years
Customer relationships and other |  | 5 to 15 years |  | 10.4 years
Licensing agreements |  | 10 years |  | 10 years
Patents | ​ | 10 years | ​ | 10 years
Technology | ​ | 5 to 12 years | ​ | 9.5 years
Tradename (amortizable) |  | 5 to 25 years |  | 10.9 years
Software | ​ | 3 to 5 years | ​ | 3 years
​ Amortization expense of intangibles totaled $21.3 million, $19.5 million and $13.9 million in 2023, 2022 and 2021, respectively. The estimated amortization expense for intangibles for each of the five succeeding fiscal years is as follows (in thousands):
​ | ​ | ​ | ​
2024 |  | $ | 23,580
2025 | ​ |  | 22,998
2026 | ​ |  | 20,520
2027 | ​ |  | 18,636
2028 | ​ |  | 18,021
Thereafter | ​ |  | 71,440
Total | ​ | $ | 175,195
​

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