XML 38 R28.htm IDEA: XBRL DOCUMENT v3.20.2
Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Jun. 27, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Goodwill
Goodwill and other intangible assets included in the Condensed Consolidated Balance Sheets consisted of the following (in thousands):
June 27,
2020
December 28,
2019
Goodwill$259,777  $270,820  
Definite-lived intangible assets129,938  146,040  
Indefinite-lived intangible assets26,602  28,849  
Total goodwill and other intangible assets$416,317  $445,709  
Schedule of Goodwill
The changes in the carrying amount of goodwill, by reporting segment, are as follows (in thousands):
Workplace FurnishingsResidential Building ProductsTotal
Balance as of December 28, 2019   
Goodwill$128,677  $186,662  $315,339  
Accumulated impairment losses(44,376) (143) (44,519) 
Net goodwill balance as of December 28, 201984,301  186,519  270,820  
Goodwill acquired—  10,537  10,537  
Impairment losses(21,607) —  (21,607) 
Foreign currency translation adjustment27  —  27  
Balance as of June 27, 2020  
Goodwill128,704  197,199  325,903  
Accumulated impairment losses(65,983) (143) (66,126) 
Net goodwill balance as of June 27, 2020$62,721  $197,056  $259,777  
Schedule of Finite-Lived Intangible Assets by Major Class
The table below summarizes amortizable definite-lived intangible assets, which are reflected in "Goodwill and Other Intangible Assets" in the Condensed Consolidated Balance Sheets (in thousands):
June 27, 2020December 28, 2019
GrossAccumulated AmortizationNetGrossAccumulated AmortizationNet
Patents$—  $—  $—  $40  $40  $—  
Software173,293  68,686  104,607  176,836  67,541  109,295  
Trademarks and trade names6,564  3,274  3,290  7,564  3,381  4,183  
Customer lists and other81,110  59,069  22,041  104,004  71,442  32,562  
Net definite-lived intangible assets$260,967  $131,029  $129,938  $288,444  $142,404  $146,040  
Finite-lived Intangible Assets Amortization Expense
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 EndedSix Months Ended
June 27,
2020
June 29,
2019
June 27,
2020
June 29,
2019
Capitalized software$4,828  $4,612  $9,378  $9,207  
Other definite-lived intangibles$1,152  $1,570  $2,675  $3,145  
Schedule of Expected Amortization Expense Table Based on the current amount of intangible assets subject to amortization, the estimated amortization expense for each of the following five years is as follows (in millions):
20202021202220232024
Amortization expense$24.0  $23.1  $20.1  $16.8  $15.1  
Schedule of Indefinite Lived Intangible Assets and Goodwill These indefinite-lived intangible assets are reflected in "Goodwill and Other Intangible Assets" in the Condensed Consolidated Balance Sheets (in thousands):
June 27,
2020
December 28,
2019
Trademarks and trade names$26,602  $28,849