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Goodwill and Other Intangible Assets | 6 Months Ended
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Jul. 01, 2023
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 1, 2023 |  | December 31, 2022
Goodwill, net | $ | 493.2 |  |  | $ | 305.9 |
Definite-lived intangible assets, net | 193.0 |  |  | 118.4 |
Indefinite-lived intangible assets | 15.5 |  |  | 15.5 |
Total goodwill and other intangible assets, net | $ | 701.8 |  |  | $ | 439.8 |
Goodwill The changes in the carrying amount of goodwill, by reporting segment, are as follows:
| Workplace Furnishings |  | Residential Building Products |  | Total
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 |
Goodwill acquired | 187.3 |  |  | — |  |  | 187.3 |
Balance as of July 1, 2023 |  |  |  |  |
Goodwill | 336.0 |  |  | 222.4 |  |  | 558.4 |
Accumulated impairment losses | (65.0) |  |  | (0.1) |  |  | (65.2) |
Net goodwill balance as of July 1, 2023 | $ | 270.9 |  |  | $ | 222.3 |  |  | $ | 493.2 |
Goodwill acquired in the second quarter of 2023 relates to the acquisition of Kimball International. See "Note 3. Acquisitions and Divestitures" in the Notes to Condensed Consolidated Financial Statements for further information. Definite-lived intangible assets 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:
| July 1, 2023 |  | December 31, 2022
| Gross |  | Accumulated Amortization |  | Net |  | Gross |  | Accumulated Amortization |  | Net
Software | $ | 223.6 |  |  | $ | 134.1 |  |  | $ | 89.5 |  |  | $ | 194.4 |  |  | $ | 122.5 |  |  | $ | 71.9 |
Trademarks and trade names | 34.3 |  |  | 6.7 |  |  | 27.6 |  |  | 14.3 |  |  | 5.9 |  |  | 8.4 |
Customer lists and other | 120.6 |  |  | 44.7 |  |  | 75.9 |  |  | 80.2 |  |  | 42.1 |  |  | 38.1 |
Net definite-lived intangible assets | $ | 378.5 |  |  | $ | 185.5 |  |  | $ | 193.0 |  |  | $ | 288.8 |  |  | $ | 170.4 |  |  | $ | 118.4 |
The increase in gross definite-lived intangible assets is due to the acquisition of Kimball International. 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 1, 2023 |  | July 2, 2022 |  | July 1, 2023 |  | July 2, 2022
Capitalized software | $ | 5.5 |  |  | $ | 6.1 |  |  | $ | 10.9 |  |  | $ | 12.3 |
Other definite-lived intangibles | $ | 1.9 |  |  | $ | 1.6 |  |  | $ | 3.4 |  |  | $ | 3.2 |
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:
|  | 2023 |  | 2024 |  | 2025 |  | 2026 |  | 2027
Amortization expense |  | $ | 32.3 |  |  | $ | 33.7 |  |  | $ | 31.3 |  |  | $ | 25.0 |  |  | $ | 17.8 |
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, net" in the Condensed Consolidated Balance Sheets:
| July 1, 2023 |  | December 31, 2022
Trademarks and trade names | $ | 15.5 |  |  | $ | 15.5 |
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 -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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