XML 56 R22.htm IDEA: XBRL DOCUMENT v3.20.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 29, 2020
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 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

 
 
 
 
 
 
Impairment loss

(45,901
)
(94,588
)
(140,489
)
Foreign currency translation


(3,719
)
(3,719
)
 
 
 
 
 
 
Balance at
March 29, 2020
 
 
 
 
Goodwill before impairment
106,304

81,092

141,462

328,858

Accumulated impairment loss
(46,210
)
(79,601
)
(109,757
)
(235,568
)
Goodwill, net
$
60,094

$
1,491

$
31,705

$
93,290


Schedule of finite-lived intangible assets
The following table presents our purchased finite-lived intangible assets:
 
March 29, 2020
 
December 29, 2019
(in thousands)
Gross carrying amount
Accumulated
amortization
Net
carrying
amount
 
Gross carrying amount
Accumulated
amortization
Net
carrying
amount
Finite-lived intangible assets (1):
 
 
 
 
 
 
 
Client relationships (2)
$
98,181

$
(71,073
)
$
27,108

 
$
149,299

$
(83,317
)
$
65,982

Trade names/trademarks
1,939

(467
)
1,472

 
2,052

(441
)
1,611

Technologies
600

(550
)
50

 
600

(520
)
80

Total finite-lived intangible assets
$
100,720

$
(72,090
)
$
28,630

 
$
151,951

$
(84,278
)
$
67,673

(1)
Excludes assets that are fully amortized.
(2)
Balance at March 29, 2020 is net of impairment loss of $34.7 million recorded in the thirteen weeks ended March 29, 2020.