Goodwill and Intangible Assets

12 Months Ended

Jan. 02, 2016

4. Goodwill and Intangible Assets

The changes in the carrying amount of goodwill for fiscal 2015 and fiscal 2014 are as follows (in thousands):

	Goodwill, gross			Accumulated impairment losses			Goodwill, net
Balance at January 3, 2015	$	154,196		$	(71,893	)	$	82,303
Goodwill impairment related to NeuCo		—			(4,524	)		(4,524	)
Effect of foreign currency translation		(809	)		—			(809	)

Balance at January 2, 2016	$	153,387		$	(76,417	)	$	76,970

	Goodwill, gross			Accumulated impairment losses			Goodwill, net
Balance at December 28, 2013	$	153,466		$	(71,893	)	$	81,573
Goodwill adjustments related to acquisitions		1,797			—			1,797
Effect of foreign currency translation		(1,067	)		—			(1,067	)

Balance at January 3, 2015	$	154,196		$	(71,893	)	$	82,303

NeuCo incurred an impairment loss during the fourth quarter of fiscal 2015. NeuCo did not incur an impairment loss in fiscal 2014 or fiscal 2013. CRA did not incur an impairment loss during fiscal 2015, fiscal 2014 or fiscal 2013 as there were no events or circumstances that would more likely than not reduce CRA's fair value below its carrying amount, and CRA's estimated fair value was greater than its carrying value as of October 15th of each respective year.

Intangible assets that are separable from goodwill and have determinable useful lives are valued separately and amortized over their expected useful lives. There were no impairment losses related to intangible assets during fiscal 2015, fiscal 2014, or fiscal 2013.

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

	January 2, 2016		January 3, 2015
Non-competition agreements, net of accumulated amortization of $4,064 and $4,046, respectively	$	129	$	236
Customer relationships, net of accumulated amortization of $4,598 and $3,746, respectively		3,462		4,521
Other intangible assets, net of accumulated amortization of $1,792 and $1,792, respectively		—		—

	$	3,591	$	4,757

Amortization of intangible assets was $1.0 million, $1.4 million, and $1.2 million in fiscal 2015, fiscal 2014, and fiscal 2013, respectively. Amortization of intangible assets held at January 2, 2016 for the next five fiscal years is expected to be as follows (in thousands):

Fiscal Year	Amortization Expense
2016	$	870
2017		827
2018		802
2019		547
2020		545

	$	3,591

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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