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Goodwill and Intangible Assets, net | 6 Months Ended
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Jul. 04, 2026
Intangible Asset, Goodwill and Other [Abstract] |
Goodwill and Intangible Assets, net | Goodwill and Intangible Assets, net As disclosed in Note 2, Business Combination, to these unaudited condensed consolidated financial statements, during the YTD 2026 period the values assigned to intangible assets and goodwill associated with the Disdero business combination were adjusted as permitted under the measurement period provisions of ASC 805. During this same fiscal reporting period, the only other changes to the carrying values of the Company’s Goodwill and Intangible assets, net, was periodic amortization of definite-lived intangible assets. Amortization expense for definite-lived intangible assets was $1.7 million and $1.0 million for Q2 2026 and Q2 2025, respectively, and $3.7 million and $1.9 million for the YTD 2026 period and YTD 2025 period, respectively. The gross carrying amounts, accumulated amortization, and net carrying amounts of the Company’s intangible assets arising from business combinations as of July 4, 2026 were as follows:
| Weighted Average Remaining Useful Lives |  | Gross Carrying Amounts |  | Accumulated Amortization |  | Net Carrying Amounts |
|  |  | ($ amounts in thousands) |
Definite-Life: |  |  |  |  |  |  |  |
Customer relationships (1) | 10.00 |  | $ | 96,000 |  |  | $ | (29,853) |  |  | $ | 66,147 |  |
Non-compete agreements (1) | 4.00 |  | 2,000 |  |  | (695) |  |  | 1,305 |  |
Total definite-life |  |  | 98,000 |  |  | (30,548) |  |  | 67,452 |  |
Indefinite-Life: |  |  |  |  |  |  |  |
Trade name (1) | NA |  | 11,500 |  |  | — |  |  | 11,500 |  |
Total |  |  | $ | 109,500 |  |  | $ | (30,548) |  |  | $ | 78,952 |  |
There were no accumulated impairment charges as of July 4, 2026 or January 3, 2026 for intangible assets arising from business combinations. The activity and carrying amounts of the Company’s goodwill arising from business combinations were as follows:
|  | Carrying Amount
|  | (In thousands)
Balance as of January 3, 2026 |  | $ | 67,226 |
Measurement period adjustments, net, for Disdero business combination (1) |  | 3,075 |
Balance as of July 4, 2026 |  | $ | 70,301 |
(1) See Note2, Business Combination, to these unaudited condensed consolidated financial statements. There were no goodwill impairment charges recorded in the YTD 2026 period or the YTD 2025 period, and there were no accumulated goodwill impairment balances as of July 4, 2026 or January 3, 2026. Non-cash provisions for the impairment of goodwill and/or other intangible assets could arise in future reporting periods due to sustained and significant changes in circumstances, such as declines in profitability and cash flow due to long-term deterioration in macroeconomic and industry conditions, the loss of key customers, a sustained material decrease in the Company’s market capitalization, or other unanticipated events.

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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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