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Goodwill and Indefinite-Lived Intangibles (Notes) | 6 Months Ended
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Jun. 28, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Indefinite-Lived Intangibles | GOODWILL AND INDEFINITE-LIVED INTANGIBLES The changes in the carrying amount of goodwill are as follows:
| Year-To-Date Ended
(In millions) | June 28, 2025 |  | June 29, 2024
Goodwill balance at beginning of the year | $ | 424.6 |  |  | $ | 427.1 |
Foreign currency translation effects | 8.0 |  |  | (1.3) |
Goodwill balance at end of the quarter | $ | 432.6 |  |  | $ | 425.8 |
Goodwill balances are net of accumulated impairment charges. Accumulated impairment charges were $48.4 million as of June 28, 2025 and June 29, 2024, and are related to the Sweaty Betty® reporting unit, which is part of the Active Group reportable segment. The Company’s indefinite-lived intangible assets, which comprise trade names and trademarks, totaled $181.8 million, $173.0 million, and $173.4 million as of June 28, 2025, December 28, 2024, and June 29, 2024, respectively. The Company conducted an interim impairment assessment as of June 28, 2025 and determined that there were no triggering events indicating impairment of the Company’s goodwill and indefinite-lived intangible assets. For the Sweaty Betty® reporting unit included in the fiscal year 2024 annual impairment test, the estimated fair value of the reporting unit exceeded the carrying value by 3%. The Sweaty Betty® trade name was valued using the income approach, specifically the multi-period excess earnings method. The key assumptions used in the valuations were revenue growth, EBITDA margin, and the discount rate. Although the Company believes the estimates and assumptions used in the valuations were appropriate, it is possible assumptions could change in future periods. The risk of future impairment to the Sweaty Betty® trade name and Sweaty Betty® goodwill depend on assumptions used in the determination of the trade name's and reporting unit's fair value, such as revenue growth, EBITDA margin, taxes, depreciation and amortization margin, discount rate, and assumed tax rate, or if macroeconomic conditions deteriorate and adversely affect the values of the Company's Sweaty Betty® trade name and the Sweaty Betty® reporting unit. A future impairment charge of the Sweaty Betty® trade name and the Sweaty Betty® reporting unit goodwill could have an adverse material effect on the Company's consolidated financial results. The carrying values of the Company’s Sweaty Betty® trade name indefinite-lived intangible asset and the Sweaty Betty® reporting unit goodwill were $107.1 million an d $57.1 million, respectively, as of June 28, 2025.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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