XML 115 R31.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 29, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table reflects changes in the carrying amount of goodwill during the period by reportable segments:
(in thousands)
PeopleReady
PeopleManagement
PeopleScout
Total company
Balance at
December 31, 2017
 
 
 
 
Goodwill before impairment
$
106,304

$
100,146

$
132,323

$
338,773

Accumulated impairment loss
(46,210
)
(50,700
)
(15,169
)
(112,079
)
Goodwill, net
60,094

49,446

117,154

226,694

 
 
 
 
 
 
Divested goodwill before impairment (1)

(19,054
)

(19,054
)
Divested accumulated impairment loss (1)

17,000


17,000

Acquired goodwill (2)


16,606

16,606

Foreign currency translation


(3,959
)
(3,959
)
 
 
 
 
 
 
Balance at
December 30, 2018
 
 
 
 
Goodwill before impairment
106,304

81,092

144,970

332,366

Accumulated impairment loss
(46,210
)
(33,700
)
(15,169
)
(95,079
)
Goodwill, net
60,094

47,392

129,801

237,287

 
 
 
 
 
 
Foreign currency translation


211

211

 
 
 
 
 
 
Balance at
December 29, 2019
 
 
 
 
Goodwill before impairment
106,304

81,092

145,181

332,577

Accumulated impairment loss
(46,210
)
(33,700
)
(15,169
)
(95,079
)
Goodwill, net
$
60,094

$
47,392

$
130,012

$
237,498

(1)
Effective March 12, 2018, we divested our PlaneTechs business. As a result of this divestiture, we eliminated the remaining goodwill balance of the PlaneTechs business, which was a part of our PeopleManagement reportable segment. For additional information, see Note 2: Acquisition and Divestiture.
(2)
Effective June 12, 2018, we acquired TMP through PeopleScout. Accordingly, the goodwill associated with the acquisition has been assigned to our PeopleScout reportable segment based on the purchase price allocation. For additional information, see Note 2: Acquisition and Divestiture.
Schedule of Finite-Lived Intangible Assets
The following table presents our purchased finite-lived intangible assets:
 
December 29, 2019
 
December 30, 2018
(in thousands)
Gross carrying amount
Accumulated
amortization
Net
carrying
amount
 
Gross carrying amount
Accumulated
amortization
Net
carrying
amount
Finite-lived intangible assets (1):
 
 
 
 
 
 
 
Customer relationships
$
149,299

$
(83,317
)
$
65,982

 
$
153,704

$
(70,887
)
$
82,817

Trade names/trademarks
2,052

(441
)
1,611

 
2,580

(1,069
)
1,511

Technologies
600

(520
)
80

 
9,800

(8,720
)
1,080

Total finite-lived intangible assets
$
151,951

$
(84,278
)
$
67,673

 
$
166,084

$
(80,676
)
$
85,408

(1)
Excludes assets that are fully amortized.
Schedule of Estimated Future Amortization of Finite-Lived Intangible Assets
The following table provides the estimated future amortization of finite-lived intangible assets as of December 29, 2019:
(in thousands)
 
2020
$
15,885

2021
14,252

2022
13,381

2023
12,726

2024
10,319

Thereafter
1,110

Total future amortization
$
67,673