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Goodwill and Other Intangible Assets (Tables)
3 Months Ended
Mar. 30, 2024
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:
March 30,
2024
December 30,
2023
Goodwill, net$442.1 $441.0 
Definite-lived intangible assets, net154.6 161.7 
Indefinite-lived intangible assets49.1 49.1 
Total goodwill and other intangible assets, net$645.9 $651.9 
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 30, 2023   
Goodwill$297.2 $222.4 $519.6 
Accumulated impairment losses(78.5)(0.1)(78.6)
Net goodwill balance as of December 30, 2023
218.7 222.3 441.0 
Goodwill measurement period adjustments1.1 — 1.1 
Balance as of March 30, 2024  
Goodwill298.3 222.4 520.7 
Accumulated impairment losses(78.5)(0.1)(78.6)
Net goodwill balance as of March 30, 2024
$219.8 $222.3 $442.1 
Schedule of 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:
March 30, 2024December 30, 2023
GrossAccumulated AmortizationNetGrossAccumulated AmortizationNet
Software$200.4 $148.6 $51.8 $199.6 $143.4 $56.2 
Trademarks and trade names18.1 7.6 10.5 18.1 7.3 10.8 
Customer lists and other143.9 51.5 92.4 143.9 49.2 94.7 
Net definite-lived intangible assets$362.3 $207.7 $154.6 $361.6 $199.8 $161.7 
Schedule of 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
March 30,
2024
April 1,
2023
Capitalized software$5.2 $5.5 
Other definite-lived intangibles$2.6 $1.5 
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:
20242025202620272028
Amortization expense$30.1 $27.3 $22.7 $16.8 $9.0 
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:
March 30,
2024
December 30,
2023
Trademarks and trade names$49.1 $49.1