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Goodwill and Other Intangible Assets (Tables) | 6 Months Ended
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Jun. 29, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill and Other Intangible Assets | Goodwill and other intangible assets included in the Condensed Consolidated Balance Sheets consisted of the following:
| June 29, 2024 |  | December 30, 2023
Goodwill, net | $ | 442.1 |  |  | $ | 441.0 |
Definite-lived intangible assets, net | 147.4 |  |  | 161.7 |
Indefinite-lived intangible assets | 49.1 |  |  | 49.1 |
Total goodwill and other intangible assets, net | $ | 638.7 |  |  | $ | 651.9 |
Schedule of Activity in Carrying Amount of Goodwill | The activity in the carrying amount of goodwill, by reporting segment, was as follows:
| Workplace Furnishings |  | Residential Building Products |  | Total
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 adjustments | 1.1 |  |  | — |  |  | 1.1 |
Balance as of June 29, 2024 |  |  |  |  |
Goodwill | 298.3 |  |  | 222.4 |  |  | 520.7 |
Accumulated impairment losses | (78.5) |  |  | (0.1) |  |  | (78.6) |
Net goodwill balance as of June 29, 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:
| June 29, 2024 |  | December 30, 2023
| Gross |  | Accumulated Amortization |  | Net |  | Gross |  | Accumulated Amortization |  | Net
Software | $ | 192.0 |  |  | $ | 144.8 |  |  | $ | 47.2 |  |  | $ | 199.6 |  |  | $ | 143.4 |  |  | $ | 56.2 |
Trademarks and trade names | 17.9 |  |  | 7.7 |  |  | 10.2 |  |  | 18.1 |  |  | 7.3 |  |  | 10.8 |
Customer lists and other | 139.7 |  |  | 49.7 |  |  | 90.1 |  |  | 143.9 |  |  | 49.2 |  |  | 94.7 |
Net definite-lived intangible assets | $ | 349.6 |  |  | $ | 202.1 |  |  | $ | 147.4 |  |  | $ | 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 |  | Six Months Ended
| June 29, 2024 |  | July 1, 2023 |  | June 29, 2024 |  | July 1, 2023
Capitalized software | $ | 5.2 |  |  | $ | 5.5 |  |  | $ | 10.4 |  |  | $ | 10.9 |
Other definite-lived intangibles | $ | 2.6 |  |  | $ | 1.9 |  |  | $ | 5.2 |  |  | $ | 3.4 |
Schedule of Estimated 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:
|  | 2024 |  | 2025 |  | 2026 |  | 2027 |  | 2028
Amortization expense |  | $ | 30.2 |  |  | $ | 27.5 |  |  | $ | 22.9 |  |  | $ | 16.9 |  |  | $ | 9.0 |
Schedule of Indefinite Lived Intangible Assets | These indefinite-lived intangible assets are reflected in "Goodwill and Other Intangible Assets, net" in the Condensed Consolidated Balance Sheets:
| June 29, 2024 |  | December 30, 2023
Trademarks and trade names | $ | 49.1 |  |  | $ | 49.1 |

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