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Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Sep. 28, 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:
September 28,
2024
December 30,
2023
Goodwill, net$442.1 $441.0 
Definite-lived intangible assets, net140.3 161.7 
Indefinite-lived intangible assets49.1 49.1 
Total goodwill and other intangible assets, net$631.5 $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 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 September 28, 2024  
Goodwill298.3 222.4 520.7 
Accumulated impairment losses(78.5)(0.1)(78.6)
Net goodwill balance as of September 28, 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:
September 28, 2024December 30, 2023
GrossAccumulated AmortizationNetGrossAccumulated AmortizationNet
Software$189.1 $146.5 $42.7 $199.6 $143.4 $56.2 
Trademarks and trade names17.9 8.0 9.9 18.1 7.3 10.8 
Customer lists and other139.7 52.0 87.8 143.9 49.2 94.7 
Net definite-lived intangible assets$346.7 $206.4 $140.3 $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 EndedNine Months Ended
September 28,
2024
September 30,
2023
September 28,
2024
September 30,
2023
Capitalized software$5.1 $5.9 $15.5 $16.8 
Other definite-lived intangibles$2.6 $2.3 $7.9 $5.8 
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:
20242025202620272028
Amortization expense$30.3 $27.6 $23.0 $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:
September 28,
2024
December 30,
2023
Trademarks and trade names$49.1 $49.1