Goodwill and Intangible Assets

3 Months Ended

Mar. 28, 2020

5. Goodwill and Intangible Assets

The changes in the carrying amount of goodwill during the fiscal quarter ended March 28, 2020 and the fiscal year ended December 28, 2019, are as follows (in thousands):


Balance at December 28,2019
Goodwill	$	164,921
Accumulated goodwill impairment		(76,417)
Goodwill, net at December 28, 2019		88,504
Foreign currency translation adjustment and other (1)		(677)
Balance at March 28,2020
Goodwill		159,720
Accumulated goodwill impairment		(71,893)
Goodwill, net at March 28, 2020	$	87,827

(1)During the fiscal quarter ended March 28, 2020, goodwill and accumulated goodwill impairment were reduced by $4.5 million as a result of the dissolution and final liquidation of GNU123 Liquidating Corporation.

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 the fiscal quarter ended March 28, 2020 or during the fiscal year ended December 28, 2019.

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


	March 28,		December 28,
	2020		2019
Non-competition agreements	$	324	$	324
Customer relationships		12,120		12,120
Total cost		12,444		12,444
Accumulated amortization		(6,311)		(5,968)
Total intangible assets, net	$	6,133	$	6,476