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Goodwill and Other Intangible Assets | 9 Months Ended
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Sep. 29, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets Goodwill and other intangible assets included in the Condensed Consolidated Balance Sheets consisted of the following (in thousands):
| September 29, 2018 |  | December 30, 2017
Goodwill | $ | 282,939 |  |  | $ | 279,505 |
Definite-lived intangible assets | 168,692 |  |  | 182,186 |
Indefinite-lived intangible assets | 29,181 |  |  | 29,201 |
Total goodwill and other intangible assets | $ | 480,812 |  |  | $ | 490,892 |
Goodwill The changes in the carrying amount of goodwill, by reporting segment, are as follows (in thousands):
| Office Furniture |  | Hearth Products |  | Total
Balance as of December 30, 2017 |  |  |  |  |
Goodwill | $ | 128,657 |  |  | $ | 183,199 |  |  | $ | 311,856 |
Accumulated impairment losses | (32,208 | ) |  | (143 | ) |  | (32,351 | )
Net goodwill balance as of December 30, 2017 | 96,449 |  |  | 183,056 |  |  | 279,505 |
Goodwill acquired during the year | — |  |  | 3,444 |  |  | 3,444 |
Foreign currency translation adjustment | (10 | ) |  | — |  |  | (10 | )
Balance as of September 29, 2018 |  |  |  |  |  |  |
Goodwill | 128,647 |  |  | 186,643 |  |  | 315,290 |
Accumulated impairment losses | (32,208 | ) |  | (143 | ) |  | (32,351 | )
Net goodwill balance as of September 29, 2018 | $ | 96,439 |  |  | $ | 186,500 |  |  | $ | 282,939 |
Definite-lived intangible assets The table below summarizes amortizable definite-lived intangible assets, which are reflected in "Goodwill and Other Intangible Assets" in the Condensed Consolidated Balance Sheets (in thousands):
| September 29, 2018 |  | December 30, 2017
| Gross |  | Accumulated Amortization |  | Net |  | Gross |  | Accumulated Amortization |  | Net
Patents | $ | 40 |  |  | $ | 32 |  |  | $ | 8 |  |  | $ | 40 |  |  | $ | 26 |  |  | $ | 14 |
Software | 169,915 |  |  | 46,110 |  |  | 123,805 |  |  | 167,105 |  |  | 34,792 |  |  | 132,313 |
Trademarks and trade names | 7,564 |  |  | 2,556 |  |  | 5,008 |  |  | 7,564 |  |  | 2,061 |  |  | 5,503 |
Customer lists and other | 105,946 |  |  | 66,075 |  |  | 39,871 |  |  | 106,090 |  |  | 61,734 |  |  | 44,356 |
Net definite-lived intangible assets | $ | 283,465 |  |  | $ | 114,773 |  |  | $ | 168,692 |  |  | $ | 280,799 |  |  | $ | 98,613 |  |  | $ | 182,186 |
Amortization expense is reflected in "Selling and administrative expenses" in the Condensed Consolidated Statements of Comprehensive Income and was as follows (in thousands):
| Three Months Ended |  | Nine Months Ended
| September 29, 2018 |  | September 30, 2017 |  | September 29, 2018 |  | September 30, 2017
Capitalized software | $ | 4,290 |  |  | $ | 2,658 |  |  | $ | 12,734 |  |  | $ | 5,225 |
Other definite-lived intangibles | $ | 1,642 |  |  | $ | 1,746 |  |  | $ | 4,972 |  |  | $ | 5,267 |
The occurrence of events such as acquisitions, dispositions, or impairments may impact future amortization expense. Based on the current amount of intangible assets subject to amortization, the estimated amortization expense for each of the following five fiscal years is as follows (in millions):
|  | 2018 |  | 2019 |  | 2020 |  | 2021 |  | 2022
Amortization expense |  | $ | 23.6 |  |  | $ | 22.9 |  |  | $ | 22.0 |  |  | $ | 20.7 |  |  | $ | 18.5 |
Indefinite-lived intangible assets The Corporation also owns certain intangible assets, which are deemed to have indefinite useful lives because they are expected to generate cash flows indefinitely. These indefinite-lived intangible assets are reflected in "Goodwill and Other Intangible Assets" in the Condensed Consolidated Balance Sheets (in thousands):
| September 29, 2018 |  | December 30, 2017
Trademarks and trade names | $ | 29,181 |  |  | $ | 29,201 |
Sale and License of an Intangible Asset In the third quarter of 2017, the Corporation recorded a $6.0 million nonrecurring gain from the sale and license of an intangible asset, which had a zero carrying value. This nonrecurring gain is reflected in "Gain on sale and license of assets" in the Condensed Consolidated Statements of Comprehensive Income. Impairment Analysis The Corporation evaluates its goodwill and indefinite-lived intangible assets for impairment on an annual basis during the fourth quarter or whenever indicators of impairment exist. During the third quarter of 2018, the Corporation determined a triggering event occurred for one of the Corporation's reporting units within the office furniture segment due to lower projected operating results for the year. Accordingly, interim quantitative impairment tests were performed for goodwill and an indefinite-lived intangible asset. The tests indicated no impairment. In conjunction with the interim impairment tests, the Corporation also tested the recoverability of the remaining long-lived assets for the reporting unit and found no impairments. The projections used in the impairment model reflected management's assumptions regarding revenue growth rates, economic and market trends, cost structure, investments required for operational transformation, and other expectations about the anticipated short-term and long-term operating results of the reporting unit. The Corporation assumed a discount rate of 13.5 percent, near term growth rates ranging from 3 percent to 12 percent, and a terminal growth rate of 3 percent. Holding other assumptions constant, a 100 basis point increase in the discount rate would result in a $3.8 million decrease in the estimated fair value of the reporting unit. Holding other assumptions constant, a 100 basis point decrease in the long-term growth rate would result in a $1.8 million decrease in the estimated fair value of the reporting unit. Neither of these scenarios individually would result in an impairment of the reporting unit's goodwill. There is $19.6 million of goodwill associated with this reporting unit as of September 29, 2018.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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