Identified Intangible Assets and Goodwill, Net

3 Months Ended

Mar. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Identified intangible assets and goodwill, net [Text Block]


	Identified Intangible Assets and Goodwill, Net

The carrying amounts of the identified intangible assets and goodwill acquired were as follows:



	March 30, 2019				December 31, 2018
Identified Intangible Assets and Goodwill, Net	Carrying Amount		Accumulated Amortization		Carrying Amount		Accumulated Amortization
Amortized intangible assets:
Customer lists/relationships	$	26,652	$	18,650	$	25,179	$	18,251
Employment-related	8,160		7,047		8,133		6,954
Tradenames	7,106		5,520		6,858		5,435

Amortized intangible assets	41,918		$	31,217	40,170		$	30,640

Less accumulated amortization	31,217				30,640

Identified intangible assets, net	10,701				9,530

Goodwill	39,328				37,971
	$	50,029			$	47,501

The changes in the carrying amounts of goodwill, by segment, for the three months ended March 30, 2019 and March 31, 2018 follow:



	Balance at January 1, 2019		Acquisitions		Translation and Other Adjustments			Balance at March 30, 2019
Utility	$	4,911	$	—	$	—		$	4,911
Residential and Commercial	33,060		1,232		125			34,417
Total	$	37,971	$	1,232	$	125		$	39,328


	Balance at January 1, 2018		Acquisitions		Translation and Other Adjustments			Balance at March 31, 2018
Utility	$	3,424	$	—	$	—		$	3,424
Residential and Commercial	32,053		—		(314		)	31,739
Total	$	35,477	$	—	$	(314	)	$	35,163

In the first quarter of 2019, the Company finalized all purchase accounting adjustments related to the acquisition of Kerr Environmental in November 2018. The Company has recorded fair value adjustments based on new information obtained during the measurement period primarily related to intangible assets. These adjustments were not material.


E.	Identified Intangible Assets and Goodwill, Net (continued)

Estimated future aggregate amortization expense of intangible assets--The estimated future aggregate amortization expense of intangible assets, as of March 30, 2019 is as follows:



	Estimated Future Amortization Expense
Year ending December 31, 2019	$	1,731
2020	2,281
2021	1,840
2022	1,609
2023	1,479
Thereafter	1,761
	$	10,701

- 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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