Goodwill and Intangible Assets

12 Months Ended

Jan. 02, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in the carrying amount of goodwill for fiscal 2020 and fiscal 2019 are as follows (in thousands):


	Fiscal Year		Fiscal Year
	2020		2019
Goodwill	$	164,921	$	164,625
Accumulated goodwill impairment	(76,417)		(76,417)
Goodwill, net at beginning of fiscal year	88,504		88,208
Foreign currency translation adjustment and other (1)	683		296
Goodwill, net at end of fiscal year	$	89,187	$	88,504

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(1)During the first quarter of fiscal 2020, goodwill and accumulated goodwill impairment were reduced by $4.5 million as a result of the dissolution and final liquidation of GNU.

Goodwill, net at January 2, 2021, is comprised of goodwill of $161.1 million and accumulated impairment of $71.9 million. There were no impairment losses related to goodwill during fiscal 2020, fiscal 2019, or fiscal 2018.

Intangible assets that are separable from goodwill and have determinable useful lives are valued separately and amortized over their expected useful lives. There were no impairment losses related to intangible assets during fiscal 2020, fiscal 2019, or fiscal 2018.

The components of acquired identifiable intangible assets are as follows (in thousands):


	January 2, 2021		December 28, 2019
Non-competition agreements	$	280	$	324
Customer relationships	12,120		12,120
Total cost	12,400		12,444
Accumulated amortization	(7,292)		(5,968)
Total intangible assets, net	$	5,108	$	6,476

Amortization expense related to intangible assets was $1.4 million for each of fiscal 2020, fiscal 2019, and fiscal 2018. Amortization of intangible assets held at January 2, 2021 for the next five fiscal years and thereafter is expected to be as follows (in thousands):


Fiscal Year	Amortization Expense
2021	$	927
2022	827
2023	822
2024	822
2025	822
Thereafter	888
	$	5,108