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Goodwill and Other Intangible Assets (Tables)
3 Months Ended
Apr. 01, 2023
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:
April 1,
2023
December 31,
2022
Goodwill, net$305.9 $305.9 
Definite-lived intangible assets, net111.2 118.4 
Indefinite-lived intangible assets15.5 15.5 
Total goodwill and other intangible assets, net$432.6 $439.8 
Schedule of Goodwill
The changes in the carrying amount of goodwill, by reporting segment, are as follows:
Workplace FurnishingsResidential Building ProductsTotal
Balance as of December 31, 2022   
Goodwill$148.7 $222.4 $371.1 
Accumulated impairment losses(65.0)(0.1)(65.2)
Net goodwill balance as of December 31, 2022
83.6 222.3 305.9 
Balance as of April 1, 2023  
Goodwill148.7 222.4 371.1 
Accumulated impairment losses(65.0)(0.1)(65.2)
Net goodwill balance as of April 1, 2023
$83.6 $222.3 $305.9 
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, net" in the Condensed Consolidated Balance Sheets:
April 1, 2023December 31, 2022
GrossAccumulated AmortizationNetGrossAccumulated AmortizationNet
Software$194.1 $127.9 $66.2 $194.4 $122.5 $71.9 
Trademarks and trade names14.3 6.2 8.0 14.3 5.9 8.4 
Customer lists and other80.2 43.2 37.0 80.2 42.1 38.1 
Net definite-lived intangible assets$288.5 $177.4 $111.2 $288.8 $170.4 $118.4 
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:
Three Months Ended
April 1,
2023
April 2,
2022
Capitalized software$5.5 $6.1 
Other definite-lived intangibles$1.5 $1.6 
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:
20232024202520262027
Amortization expense$25.9 $22.8 $20.4 $16.8 $11.6 
Schedule of Indefinite Lived Intangible Assets and Goodwill These indefinite-lived intangible assets are reflected in "Goodwill and Other Intangible Assets, net" in the Condensed Consolidated Balance Sheets:
April 1,
2023
December 31,
2022
Trademarks and trade names$15.5 $15.5