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Goodwill and Other Intangible Assets | 6 Months Ended
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Jul. 03, 2021
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):
| July 3, 2021 |  | January 2, 2021
Goodwill | $ | 287,938 |  |  | $ | 292,434 |
Definite-lived intangible assets | 137,107 |  |  | 139,863 |
Indefinite-lived intangible assets | 26,579 |  |  | 26,599 |
Total goodwill and other intangible assets | $ | 451,624 |  |  | $ | 458,896 |
Goodwill The changes in the carrying amount of goodwill, by reporting segment, are as follows (in thousands):
| Workplace Furnishings |  | Residential Building Products |  | Total
Balance as of January 2, 2021 |  |  |  |  |
Goodwill | $ | 168,477 |  |  | $ | 196,976 |  |  | $ | 365,453 |
Accumulated impairment losses | (72,876) |  |  | (143) |  |  | (73,019) |
Net goodwill balance as of January 2, 2021 | 95,601 |  |  | 196,833 |  |  | 292,434 |
Goodwill acquired / measurement period adjustments | (5,716) |  |  | 1,220 |  |  | (4,496) |
Balance as of July 3, 2021 |  |  |  |  |
Goodwill | 162,761 |  |  | 198,196 |  |  | 360,957 |
Accumulated impairment losses | (72,876) |  |  | (143) |  |  | (73,019) |
Net goodwill balance as of July 3, 2021 | $ | 89,885 |  |  | $ | 198,053 |  |  | $ | 287,938 |
See "Note 3. Acquisitions" for additional information regarding goodwill acquired and related adjustments in the year-to-date period. 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):
| July 3, 2021 |  | January 2, 2021
| Gross |  | Accumulated Amortization |  | Net |  | Gross |  | Accumulated Amortization |  | Net
Software | $ | 190,355 |  |  | $ | 90,046 |  |  | $ | 100,309 |  |  | $ | 182,127 |  |  | $ | 78,619 |  |  | $ | 103,508 |
Trademarks and trade names | 11,764 |  |  | 4,073 |  |  | 7,691 |  |  | 9,964 |  |  | 3,546 |  |  | 6,418 |
Customer lists and other | 92,847 |  |  | 63,740 |  |  | 29,107 |  |  | 91,002 |  |  | 61,065 |  |  | 29,937 |
Net definite-lived intangible assets | $ | 294,966 |  |  | $ | 157,859 |  |  | $ | 137,107 |  |  | $ | 283,093 |  |  | $ | 143,230 |  |  | $ | 139,863 |
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 |  | Six Months Ended
| July 3, 2021 |  | June 27, 2020 |  | July 3, 2021 |  | June 27, 2020
Capitalized software | $ | 5,804 |  |  | $ | 4,828 |  |  | $ | 11,427 |  |  | $ | 9,378 |
Other definite-lived intangibles | $ | 1,630 |  |  | $ | 1,152 |  |  | $ | 3,255 |  |  | $ | 2,675 |
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 years is as follows (in millions):
|  | 2021 |  | 2022 |  | 2023 |  | 2024 |  | 2025
Amortization expense |  | $ | 29.4 |  |  | $ | 26.3 |  |  | $ | 22.2 |  |  | $ | 18.4 |  |  | $ | 17.2 |
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):
| July 3, 2021 |  | January 2, 2021
Trademarks and trade names | $ | 26,579 |  |  | $ | 26,599 |
The immaterial change in the indefinite-lived intangible assets balances shown above is related to foreign currency translation impacts. 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. The Corporation also evaluates long-lived assets (which include definite-lived intangible assets) for impairment if indicators exist.

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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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