XML 46 R12.htm IDEA: XBRL DOCUMENT
v3.24.0.1

GOODWILL AND OTHER INTANGIBLE ASSETS | 12 Months Ended
--- | ---
Dec. 29, 2023
GOODWILL AND OTHER INTANGIBLE ASSETS |
GOODWILL AND OTHER INTANGIBLE ASSETS | 6. GOODWILL AND OTHER INTANGIBLE ASSETS The Company’s goodwill primarily relates to the Energy segment and the acquisitions within this segment of E3, Inc., Lime Energy, NAM, Integral Analytics and Abacus Resource Management Company (“Abacus”) and substantially all of the assets of Onsite Energy, The Weidt Group, Genesys and 360 Energy Engineers, LLC (“360 Energy”). The remaining goodwill relates to the Engineering and Consulting reporting segment and the acquisition within this segment of Economists LLC. The changes in the carrying value of goodwill by reporting unit were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 30, | ​ | Additional | ​ | Additions / | ​ | December 29,
​ |  | 2022 |  | Purchase Cost |  | Adjustments |  | 2023
​ | ​ | (in thousands)
Reporting Unit: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Energy | ​ | $ | 129,375 | ​ | $ | — | ​ | $ | — | ​ | $ | 129,375
Engineering and Consulting | ​ | ​ | 749 | ​ | ​ | 1,020 | ​ | ​ | — | ​ | ​ | 1,769
​ | ​ | $ | 130,124 | ​ | $ | 1,020 | ​ | $ | — | ​ | $ | 131,144
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, | ​ | Additional | ​ | Additions / | ​ | December 30,
​ |  | 2021 |  | Purchase Cost |  | Adjustments |  | 2022
​ | ​ | (in thousands)
Reporting Unit: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Energy | ​ | $ | 129,375 | ​ | $ | — | ​ | $ | — | ​ | $ | 129,375
Engineering and Consulting | ​ | ​ | 749 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 749
​ | ​ | $ | 130,124 | ​ | $ | — | ​ | $ | — | ​ | $ | 130,124
​ The Company tests its goodwill at least annually for possible impairment. The Company completes its annual testing of goodwill as of the last day of the first month of its fourth fiscal quarter each year to determine whether there is impairment. In addition to the Company’s annual test, it regularly evaluates whether events and circumstances have occurred that may indicate a potential impairment of goodwill. No impairment was recorded in any year during the three-year period ended December 29, 2023. The gross amounts and accumulated amortization of the Company’s acquired identifiable intangible assets with finite useful lives, included in other intangible assets, net in the accompanying consolidated balance sheets, were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 29, 2023 | ​ | December 30, 2022 | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Gross | ​ | Accumulated | ​ | Gross | ​ | Accumulated | ​ | Amortization
​ |  | Amount |  | Amortization |  | Amount |  | Amortization |  | Period
​ | ​ | (in thousands) | ​ | (in years)
Finite: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Backlog | ​ | $ | 8,306 | ​ | $ | 8,095 | ​ | $ | 7,944 | ​ | $ | 7,944 | ​ | 1.0
Tradename | ​ | ​ | 15,936 | ​ | ​ | 12,695 | ​ | ​ | 15,911 | ​ | ​ | 10,990 |  | 2.5 | ​ | - | ​ | 6.0
Non-compete agreements | ​ | ​ | 1,613 | ​ | ​ | 1,440 | ​ | ​ | 1,420 | ​ | ​ | 1,420 | ​ | 4.0 | ​ | - | ​ | 5.0
Developed technology | ​ | ​ | 15,810 | ​ | ​ | 14,521 | ​ | ​ | 15,810 | ​ | ​ | 11,871 | ​ | 8.0
Customer relationships | ​ | ​ | 58,149 | ​ | ​ | 31,107 | ​ | ​ | 58,149 | ​ | ​ | 25,523 | ​ | 5.0 | ​ | - | ​ | 8.0
Total intangible assets | ​ | $ | 99,814 | ​ | $ | 67,858 | ​ | $ | 99,234 | ​ | $ | 57,748 | ​ | ​ | ​ | ​ | ​ | ​
At the time of acquisition, the Company estimates the fair value of the acquired identifiable intangible assets based upon the facts and circumstances related to the particular intangible asset. Inherent in such estimates are judgments and estimates of future revenue, profitability, cash flows and appropriate discount rates for any present value calculations. The Company preliminarily estimates the value of the acquired identifiable intangible assets and then finalizes the estimated fair values during the purchase allocation period, which does not extend beyond 12 months from the date of acquisition. The Company’s amortization expense for acquired identifiable intangible assets with finite useful lives was $10.1 million, $11.2 million, and $11.5 million for the fiscal years 2023, 2022 and 2021, respectively. Estimated amortization expense for acquired identifiable intangible assets for fiscal year 2024 and the succeeding years is as follows: ​
​ | ​ | ​ | ​
​ | ​ | ​ | Future Intangible Asset
​ | ​ | ​ | Amortization expense
​ | ​ | ​ | (in thousands)
Fiscal year: | ​ | ​ | ​
2024 | ​ | $ | 7,081
2025 | ​ |  | 6,284
2026 | ​ |  | 5,561
2027 | ​ | ​ | 5,541
2028 | ​ | ​ | 4,930
Thereafter | ​ | ​ | 2,559
​ | ​ | $ | 31,956
​ ​

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration