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Goodwill and Other Intangible Assets | 9 Months Ended
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Oct. 01, 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:
| October 1, 2022 |  | January 1, 2022
Goodwill, net | $ | 306.0 |  |  | $ | 297.3 |
Definite-lived intangible assets, net | 130.4 |  |  | 147.6 |
Indefinite-lived intangible assets | 15.5 |  |  | 26.5 |
Total goodwill and other intangible assets, net | $ | 451.9 |  |  | $ | 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 (disposed) / measurement period adjustments | (6.9) |  |  | 8.6 |  |  | 1.7 |
Accumulated impairment losses disposed | 6.9 |  |  | — |  |  | 6.9 |
Balance as of October 1, 2022 |  |  |  |  |
Goodwill | 155.3 |  |  | 222.5 |  |  | 377.8 |
Accumulated impairment losses | (71.7) |  |  | (0.1) |  |  | (71.8) |
Net goodwill balance as of October 1, 2022 | $ | 83.6 |  |  | $ | 222.3 |  |  | $ | 306.0 |
Goodwill and accumulated impairment losses were disposed in conjunction with the sale of Lamex in third quarter of 2022. See "Note 3. Acquisitions and Divestitures" for additional information on transactions that resulted in changes in goodwill in 2022. 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:
| October 1, 2022 |  | January 1, 2022
| Gross |  | Accumulated Amortization |  | Net |  | Gross |  | Accumulated Amortization |  | Net
Software | $ | 202.1 |  |  | $ | 119.8 |  |  | $ | 82.3 |  |  | $ | 196.8 |  |  | $ | 102.1 |  |  | $ | 94.7 |
Trademarks and trade names | 14.3 |  |  | 5.6 |  |  | 8.7 |  |  | 14.3 |  |  | 4.6 |  |  | 9.7 |
Customer lists and other | 80.2 |  |  | 40.8 |  |  | 39.4 |  |  | 109.6 |  |  | 66.4 |  |  | 43.3 |
Net definite-lived intangible assets | $ | 296.5 |  |  | $ | 166.2 |  |  | $ | 130.4 |  |  | $ | 320.7 |  |  | $ | 173.0 |  |  | $ | 147.6 |
The decrease in the gross and accumulated amortization of definite-lived intangible asset balances during the current year is primarily related to the sale of Lamex and the disposal of related fully amortized assets. Amortization expense is reflected in "Selling and administrative expenses" in the Condensed Consolidated Statements of Comprehensive Income and was as follows:
| Three Months Ended |  | Nine Months Ended
| October 1, 2022 |  | October 2, 2021 |  | October 1, 2022 |  | October 2, 2021
Capitalized software | $ | 6.1 |  |  | $ | 6.1 |  |  | $ | 18.4 |  |  | $ | 17.5 |
Other definite-lived intangibles | $ | 1.6 |  |  | $ | 1.6 |  |  | $ | 4.9 |  |  | $ | 4.9 |
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 |  | $ | 30.9 |  |  | $ | 26.9 |  |  | $ | 22.6 |  |  | $ | 19.5 |  |  | $ | 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:
| October 1, 2022 |  | January 1, 2022
Trademarks and trade names | $ | 15.5 |  |  | $ | 26.5 |
In the third quarter of 2022, the Corporation sold its Lamex business which resulted in the disposal of the related indefinite-lived trade name. 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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