XML 33 R14.htm IDEA: XBRL DOCUMENT v3.25.0.1

Goodwill and Intangible Assets

12 Months Ended

Dec. 28, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

The changes in the carrying amount of goodwill for fiscal 2024 and fiscal 2023 are as follows (in thousands):

			Fiscal Year						Fiscal Year
			2024						2023
Goodwill			$	165,882					$	164,815
Accumulated goodwill impairment			(71,893)						(71,893)
Goodwill, net at beginning of fiscal year			93,989						92,922
Additions due to acquisitions			—						415
Foreign currency translation adjustment			(252)						652
Goodwill, net at end of fiscal year			$	93,737					$	93,989

Goodwill, net at December 28, 2024, is comprised of goodwill of $165.6 million and accumulated impairment of $71.9 million. There were no impairment losses related to goodwill during fiscal 2024, fiscal 2023, or fiscal 2022.

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. There were no impairment losses related to intangible assets during fiscal 2024, fiscal 2023, or fiscal 2022.

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

									December 28, 2024																		December 30, 2023
			Useful Life (in years)						Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount						Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount
Customer relationships			10						15,300						(8,084)						7,216						13,800						(6,604)						7,196

As a result of an asset acquisition in CRA's intellectual property practice, CRA recognized $1.5 million of intangible assets related to customer relationships during the second quarter of fiscal 2024. Amortization expense related to intangible assets was $1.5 million, $1.4 million, and $1.2 million for fiscal 2024, fiscal 2023, and fiscal 2022, respectively. Amortization of intangible assets held at December 28, 2024 for the next five fiscal years and thereafter is expected to be as follows (in thousands):

Fiscal Year			Amortization Expense
2025			$	1,468
2026			1,530
2027			774
2028			708
2029			708
Thereafter			2,028
			$	7,216

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://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

Name:	us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration