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GOODWILL AND INTANGIBLE ASSETS
 6 Months Ended
Jun. 28, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS
GOODWILL AND INTANGIBLE ASSETS
We acquired MDT during the twenty-six weeks ended June 28, 2013. The assets acquired and liabilities assumed were recorded at the date of acquisition at their estimated fair values. Assets acquired included finite-lived intangible assets of $10.2 million with an estimated weighted average useful life of 7.0 years. The excess of the purchase price over the estimated fair values of the net assets acquired in the amount of $25.7 million was recorded as goodwill and primarily represents synergies with our existing business, the acquired assembled workforce, and potential new customers.
Changes in the carrying amount of goodwill were as follows (in millions):
 
Goodwill
 
Accumulated Impairment Losses
 
Goodwill, net
Balance at December 28, 2012
$
94.3

 
$
(46.2
)
 
$
48.1

Goodwill acquired year to date (1)
23.4

 
—

 
23.4

Goodwill adjustments (1)
3.1

 
—

 
3.1

Impairment losses
—

 
—

 
—

Balance at June 28, 2013
$
120.8

 
$
(46.2
)
 
$
74.6

____________________
(1)
Goodwill acquired includes $22.6 million due to the MDT acquisition. We recorded goodwill adjustments of $3.1 million for the effect on goodwill of changes to net assets acquired during the measurement period relating to the MDT acquisition.
Goodwill acquired also includes $0.8 million of goodwill related to our acquisition of certain assets of Crowley.

Intangible assets other than goodwill are broken out separately on our Consolidated Balance Sheets. The following table presents our purchased intangible assets other than goodwill (in millions):
 
June 28, 2013
 
December 28, 2012
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
Amortizable intangible assets (1):
 
 
 
 
 
 
 
 
 
 
 
Customer relationships (2)
$
28.3

 
$
(12.0
)
 
$
16.3

 
$
19.1

 
$
(10.5
)
 
$
8.6

Trade name/trademarks (2)
4.6

 
(2.1
)
 
2.5

 
3.5

 
(1.6
)
 
1.9

Non-compete agreements (2)
1.8

 
(0.3
)
 
1.5

 
1.8

 
(1.4
)
 
0.4

 
$
34.7

 
$
(14.4
)
 
$
20.3

 
$
24.4

 
$
(13.5
)
 
$
10.9

Indefinite-lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
Trade name/trademarks
 
 
 
 
$
5.7

 
 
 
 
 
$
5.7

____________________
(1)
Excludes assets that are fully amortized.
(2)
Includes customer relationships, trade name, and non-compete agreement resulting from the MDT acquisition of $7.8 million, $1.0 million, and $1.4 million, respectively, and customer relationships and trade name resulting from the Crowley acquisition of $1.4 million and $0.1 million, respectively.
Intangible assets are amortized using the straight-line method over their estimated useful lives. Amortization of our finite-lived intangible assets was $1.2 million and $0.8 million for the thirteen weeks ended June 28, 2013 and June 29, 2012, respectively. Amortization of our finite-lived intangible assets was $2.2 million and $1.5 million for the twenty-six weeks ended June 28, 2013 and June 29, 2012, respectively.
The following table provides the estimated future amortization of definite-lived intangible assets at June 28, 2013 (in millions):
Remainder of 2013
$
4.0

2014
4.6

2015
4.1

2016
3.7

2017
1.5

Thereafter
2.4

 
$
20.3


Long-lived intangible assets are reviewed for impairment whenever events and circumstances indicate the carrying value may not be recoverable. We noted no such event or circumstance and accordingly no impairment loss has been recognized during the twenty-six weeks ended June 28, 2013.

Goodwill and indefinite-lived intangible assets are reviewed for impairment annually or when triggering events indicate impairment is more likely than not. We noted no significant events or circumstances that indicated a more likely than not potential impairment and accordingly did not perform an interim impairment test of our goodwill and indefinite-lived intangibles assets during the twenty-six weeks ended June 28, 2013.