Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in the carrying amount of goodwill for fiscal 2022 and fiscal 2021 are as follows (in thousands):


	Fiscal Year		Fiscal Year
	2022		2021
Goodwill	$	160,829	$	161,080
Accumulated goodwill impairment	(71,893)		(71,893)
Goodwill, net at beginning of fiscal year	88,936		89,187
Additions due to acquisitions	5,361		—
Foreign currency translation adjustment	(1,375)		(251)
Goodwill, net at end of fiscal year	$	92,922	$	88,936

Goodwill, net at December 31, 2022, is comprised of goodwill of $164.8 million and accumulated impairment of $71.9 million. There were no impairment losses related to goodwill during fiscal 2022, fiscal 2021, or fiscal 2020.

Intangible assets that are separable from goodwill and have determinable useful lives are valued separately and amortized using the straight-line method over their expected useful lives. The components of acquired identifiable intangible assets are as follows (in thousands):


		December 31, 2022						January 1, 2022
	Useful Life (in years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Non-competition agreements	5	$	—	$	—	$	—	$	280	$	(275)	$	5
Customer relationships	10	13,800		(5,212)		8,588		8,220		(4,044)		4,176
Total		$	13,800	$	(5,212)	$	8,588	$	8,500	$	(4,319)	$	4,181

There were no impairment losses related to intangible assets during fiscal 2022, fiscal 2021, or fiscal 2020. As a result of the Welch Consulting acquisition, CRA recognized $4.2 million of intangible assets related to customer relationships in the first quarter of fiscal 2022. As a result of the bSG acquisition, CRA recognized $1.4 million of intangible assets related to customer relationships in the fourth quarter of fiscal 2022. Amortization expense related to intangible assets was $1.2 million, $0.9 million, and $1.4 million for fiscal 2022, fiscal 2021, and fiscal 2020, respectively. Amortization of intangible assets held at December 31, 2022 for the next five fiscal years and thereafter is expected to be as follows (in thousands):


Fiscal Year	Amortization Expense
2023	$	1,380
2024	1,380
2025	1,380
2026	1,380
2027	624
Thereafter	2,444
	$	8,588