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Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Goodwill

A summary of goodwill for each of the Company’s applicable reportable segments from January 3, 2021 to December 31, 2023 is as follows:

 

(in thousands)

 

UK

 

 

North America

 

 

Europe and
ROW

 

 

Total

 

January 3, 2021

 

$

101,602

 

 

$

28,780

 

 

$

71,100

 

 

$

201,482

 

Cipura Acquisition (Note 3)

 

 

—

 

 

 

16,623

 

 

 

—

 

 

 

16,623

 

LINE and Saguaro Acquisition (Note 3)

 

 

—

 

 

 

2,043

 

 

 

—

 

 

 

2,043

 

Foreign currency translation adjustment

 

 

(937

)

 

 

—

 

 

 

(4,954

)

 

 

(5,891

)

January 2, 2022

 

$

100,665

 

 

$

47,446

 

 

$

66,146

 

 

$

214,257

 

Foreign currency translation adjustment

 

 

(10,690

)

 

 

—

 

 

 

(3,921

)

 

 

(14,611

)

January 1, 2023

 

$

89,975

 

 

$

47,446

 

 

$

62,225

 

 

$

199,646

 

Foreign currency translation adjustment

 

 

4,684

 

 

 

—

 

 

 

1,955

 

 

 

6,639

 

December 31, 2023

 

$

94,659

 

 

$

47,446

 

 

$

64,180

 

 

$

206,285

 
Summary of Finite-lived Intangible Assets

A summary of finite-lived intangible assets as of December 31, 2023 and January 1, 2023 is as follows:

 

 

 

 

As of

 

 

 

 

December 31, 2023

 

 

January 1, 2023

 

(in thousands)

Average Amortization Period (in years)

 

Gross Carrying Value

 

 

Accumulated Amortization

 

 

Net Carrying Value

 

 

Gross Carrying Value

 

 

Accumulated Amortization

 

 

Net Carrying Value

 

Brand

24

 

$

111,634

 

 

$

55,140

 

 

$

56,494

 

 

$

109,420

 

 

$

50,358

 

 

$

59,062

 

Membership list

20

 

$

15,905

 

 

$

9,666

 

 

$

6,239

 

 

 

15,748

 

 

 

8,890

 

 

 

6,858

 

Hotel management agreements

15

 

$

23,600

 

 

$

3,974

 

 

$

19,626

 

 

 

23,600

 

 

 

2,401

 

 

 

21,199

 

Website, internal-use software development costs, and other

5

 

$

94,366

 

 

$

49,485

 

 

$

44,881

 

 

 

72,813

 

 

 

33,964

 

 

 

38,849

 

 

 

 

$

245,505

 

 

$

118,265

 

 

$

127,240

 

 

$

221,581

 

 

$

95,613

 

 

$

125,968

 

 
Schedule of future amortization expense The following table represents estimated aggregate amortization expense for each of the next five fiscal years:

 

(in thousands)

 

 

 

2024

$

 

21,931

 

2025

 

 

19,888

 

2026

 

 

15,806

 

2027

 

 

12,489

 

2028

 

 

8,205