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Goodwill and Other Intangible Assets | 6 Months Ended
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Jul. 02, 2022
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:
| July 2, 2022 |  | January 1, 2022
Goodwill | $ | 306.2 |  |  | $ | 297.3 |
Definite-lived intangible assets | 136.5 |  |  | 147.6 |
Indefinite-lived intangible assets | 15.5 |  |  | 26.5 |
Total goodwill and other intangible assets | $ | 458.2 |  |  | $ | 471.5 |
Goodwill The changes in the carrying amount of goodwill, by reporting segment, are as follows:
| Workplace Furnishings |  | Residential Building Products |  | Total
Balance as of January 1, 2022 |  |  |  |  |
Goodwill | $ | 162.3 |  |  | $ | 213.8 |  |  | $ | 376.1 |
Accumulated impairment losses | (78.6) |  |  | (0.1) |  |  | (78.8) |
Net goodwill balance as of January 1, 2022 | 83.6 |  |  | 213.7 |  |  | 297.3 |
Goodwill acquired / measurement period adjustments | — |  |  | 8.8 |  |  | 8.8 |
Balance as of July 2, 2022 |  |  |  |  |
Goodwill | 162.3 |  |  | 222.7 |  |  | 384.9 |
Accumulated impairment losses | (78.6) |  |  | (0.1) |  |  | (78.8) |
Net goodwill balance as of July 2, 2022 | $ | 83.6 |  |  | $ | 222.5 |  |  | $ | 306.2 |
See "Note 3. Acquisitions" for additional information regarding goodwill acquired and related adjustments. 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:
| July 2, 2022 |  | January 1, 2022
| Gross |  | Accumulated Amortization |  | Net |  | Gross |  | Accumulated Amortization |  | Net
Software | $ | 200.5 |  |  | $ | 113.7 |  |  | $ | 86.8 |  |  | $ | 196.8 |  |  | $ | 102.1 |  |  | $ | 94.7 |
Trademarks and trade names | 14.3 |  |  | 5.3 |  |  | 9.0 |  |  | 14.3 |  |  | 4.6 |  |  | 9.7 |
Customer lists and other | 80.2 |  |  | 39.5 |  |  | 40.7 |  |  | 109.6 |  |  | 66.4 |  |  | 43.3 |
Net definite-lived intangible assets | $ | 294.9 |  |  | $ | 158.5 |  |  | $ | 136.5 |  |  | $ | 320.7 |  |  | $ | 173.0 |  |  | $ | 147.6 |
Balances as of July 2, 2022 in the table above exclude amounts classified as held for sale. See "Note 15. Business Held for Sale" in the Notes to Condensed Consolidated Financial Statements for further information. Amortization expense is reflected in "Selling and administrative expenses" in the Condensed Consolidated Statements of Comprehensive Income and was as follows:
| Three Months Ended |  | Six Months Ended
| July 2, 2022 |  | July 3, 2021 |  | July 2, 2022 |  | July 3, 2021
Capitalized software | $ | 6.1 |  |  | $ | 5.8 |  |  | $ | 12.3 |  |  | $ | 11.4 |
Other definite-lived intangibles | $ | 1.6 |  |  | $ | 1.6 |  |  | $ | 3.2 |  |  | $ | 3.3 |
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:
|  | 2022 |  | 2023 |  | 2024 |  | 2025 |  | 2026
Amortization expense |  | $ | 30.4 |  |  | $ | 26.3 |  |  | $ | 21.9 |  |  | $ | 19.1 |  |  | $ | 16.6 |
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:
| July 2, 2022 |  | January 1, 2022
Trademarks and trade names | $ | 15.5 |  |  | $ | 26.5 |
Balances as of July 2, 2022 in the table above exclude amounts classified as held for sale. See "Note 15. Business Held for Sale" in the Notes to Condensed Consolidated Financial Statements for further information. 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 https://asc.fasb.org/topic&trid=2144416 + Details
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