Goodwill and Intangible Assets

12 Months Ended

Dec. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in the carrying amount of goodwill for fiscal 2023 and fiscal 2022 are as follows (in thousands):


	Fiscal Year		Fiscal Year
	2023		2022
Goodwill	$	164,815	$	160,829
Accumulated goodwill impairment	(71,893)		(71,893)
Goodwill, net at beginning of fiscal year	92,922		88,936
Additions due to acquisitions	415		5,361
Foreign currency translation adjustment	652		(1,375)
Goodwill, net at end of fiscal year	$	93,989	$	92,922

Goodwill, net at December 30, 2023, is comprised of goodwill of $165.9 million and accumulated impairment of $71.9 million. There were no impairment losses related to goodwill during fiscal 2023, fiscal 2022, or fiscal 2021.

Intangible assets that are separable from goodwill and have determinable useful lives are valued separately and amortized using the straight-line method over their expected useful lives. The components of acquired identifiable intangible assets are as follows (in thousands):


		December 30, 2023			December 31, 2022
	Useful Life (in years)	Gross Carrying Amount	Accumulated Amortization	Net Carrying Amount	Gross Carrying Amount	Accumulated Amortization	Net Carrying Amount

Customer relationships	10	13,800	(6,604)	7,196	13,800	(5,212)	8,588

There were no impairment losses related to intangible assets during fiscal 2023, fiscal 2022, or fiscal 2021. As a result of the Welch Consulting acquisition, CRA recognized $4.2 million of intangible assets related to customer relationships in the first quarter of fiscal 2022. As a result of the bSG acquisition, CRA recognized $1.4 million of intangible assets related to customer relationships in the fourth quarter of fiscal 2022. Amortization expense related to intangible assets was $1.4 million, $1.2 million, and $0.9 million for fiscal 2023, fiscal 2022, and fiscal 2021, respectively. Amortization of intangible assets held at December 30, 2023 for the next five fiscal years and thereafter is expected to be as follows (in thousands):


Fiscal Year	Amortization Expense
2024	$	1,380
2025	1,380
2026	1,380
2027	624
2028	558
Thereafter	1,874
	$	7,196