GOODWILL

3 Months Ended

Apr. 03, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL

GOODWILL

The Company’s goodwill balance and changes in the carrying amount of goodwill by segment are as follows (in thousands):

	Windows		Siding		Commercial		Total
Balance, December 31, 2019	$	714,023	$	807,280	$	148,291	$	1,669,594
Goodwill recognized from Kleary Acquisition	—		12,539		—		12,539
Impairment(1)	(320,990)		(176,774)		(5,407)		(503,171)
Currency translation	3,991		10,000		—		13,991
Purchase accounting adjustments from prior year acquisitions	—		1,776		—		1,776
Balance, December 31, 2020	$	397,024	$	654,821	$	142,884	$	1,194,729
Goodwill recognized from acquisition	—		122		—		122
Currency translation	648		484		—		1,132
Balance, April 3, 2021	$	397,672	$	655,427	$	142,884	$	1,195,983

(1)Goodwill impairment charges occurred during the quarter ended April 4, 2020 as a result of a decline in the Company’s market valuation and near-term economic uncertainties related to the COVID-19 pandemic.