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Goodwill and Identifiable Intangible Assets | 6 Months Ended
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Jun. 28, 2026
Intangible Asset, Goodwill and Other [Abstract] |
Goodwill and Identifiable Intangible Assets | Goodwill and Identifiable Intangible Assets We had goodwill of $1,318.5 million and $1,127.5 million as of June 28, 2026 and December 28, 2025, respectively. The change in the net carrying amount of goodwill was as follows:
(U.S. Dollars presented in millions) |  | Total Goodwill
Balance at December 28, 2025 |  | $ | 1,127.5 |
American Woodmark acquisition |  | 192.8 |
2026 translation adjustments |  | (1.8) |
Balance at June 28, 2026 |  | $ | 1,318.5 |
The gross carrying value and accumulated amortization by class of intangible assets as of June 28, 2026 and December 28, 2025 were as follows:
|  | June 28, 2026 |  | December 28, 2025
(U.S. Dollars presented in millions) |  | Gross Carrying Amounts |  | Accumulated Amortization |  | Net Book Value |  | Gross Carrying Amounts |  | Accumulated Amortization |  | Net Book Value
Indefinite-lived tradenames(a) |  | $ | 397.7 |  |  | $ | — |  |  | $ | 397.7 |  |  | $ | 268.1 |  |  | $ | — |  |  | $ | 268.1 |
Amortizable intangible assets |  |  |  |  |  |  |  |  |  |  |  |
Tradenames |  | 10.1 |  |  | (10.1) |  |  | — |  |  | 10.3 |  |  | (10.3) |  |  | — |
Customer and contractual relationships(a) |  | 760.9 |  |  | (270.0) |  |  | 490.9 |  |  | 536.8 |  |  | (257.2) |  |  | 279.6 |
Patents/proprietary technology |  | 11.0 |  |  | (11.0) |  |  | — |  |  | 11.0 |  |  | (11.0) |  |  | — |
Total |  | 782.0 |  |  | (291.1) |  |  | 490.9 |  |  | 558.1 |  |  | (278.5) |  |  | 279.6 |
Total identifiable intangibles |  | $ | 1,179.7 |  |  | $ | (291.1) |  |  | $ | 888.6 |  |  | $ | 826.2 |  |  | $ | (278.5) |  |  | $ | 547.7 |
(a) During the second quarter of 2026, we completed our acquisition of American Woodmark, acquiring indefinite-lived trade names of $131.0 million and customer relationships of $225.0 million. There were no impairments of goodwill or indefinite-lived assets for the thirteen and twenty-six weeks ended June 28, 2026. The Company tests goodwill and indefinite-lived intangibles for impairment annually in the fourth quarter or more frequently if events or changes in circumstances indicate the asset might be impaired. During the first half of fiscal 2026, the Company’s market capitalization declined and, at times, was below the carrying value of its net assets. Management evaluated whether this decline, together with other macroeconomic, industry and company-specific factors, constituted a triggering event requiring an interim goodwill impairment test. After considering the short-term and temporary nature of the stock price decline, the Company’s forecasted operating performance and cash flows from operations, and the implied control premium when comparing market capitalization to an internal valuation, management concluded that it was not more likely than not that the fair value of its reporting unit is less than its carrying amount. Accordingly, no impairment assessment was conducted in the thirteen and twenty-six weeks ended June 28, 2026. However, it is possible that future changes in the macroeconomic environment, or other company-specific factors, may constitute a triggering event and require the Company to perform an impairment analysis in the future to determine if the fair value of the Company's reporting unit is less than its carrying amount.

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- Definition The entire disclosure for intangible asset and goodwill. Includes, but is not limited to, finite- and indefinite-lived intangible assets, capitalized cost for internal-use software and software to be sold, leased, or marketed. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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