Goodwill and Intangible Assets

3 Months Ended

Apr. 03, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

The changes in the carrying amount of goodwill for the fiscal quarter ended April 3, 2021 are summarized as follows (in thousands):

Goodwill	$	161,080
Accumulated goodwill impairment	(71,893)
Goodwill, net at January 2, 2021	89,187
Foreign currency translation adjustment	91
Goodwill, net at April 3, 2021 (1)	$	89,278

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(1)Goodwill, net at April 3, 2021, is comprised of goodwill of $161.2 million and accumulated impairment of $71.9 million.

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 April 3, 2021 or during the fiscal year ended January 2, 2021.

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

	April 3, 2021		January 2, 2021
Non-competition agreements	$	280	$	280
Customer relationships	8,220		12,120
Total cost	8,500		12,400
Accumulated amortization	(3,661)		(7,292)
Total intangible assets, net	$	4,839	$	5,108