Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets (Tables)

v3.19.2
Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Jun. 29, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Goodwill Amounts by Operating Segment
Goodwill amounts by operating segment are summarized as follows: 
 
Goodwill at
 
Acquisitions
 
Dispositions
 
Other (1)
 
Goodwill at
 
December 29, 2018
 
 
June 29, 2019
United States
$
772,213

 
$

 
$

 
$
921

 
$
773,134

Canada
27,938

 

 

 
1,176

 
29,114

Other
3,696

 

 

 
87

 
3,783

Total
$
803,847

 
$

 
$

 
$
2,184

 
$
806,031

 
(1)
These amounts relate to adjustments resulting from fluctuations in foreign currency exchange rates and adjustments to the opening balance sheet for the acquisitions of MinuteKey and Big Time Products. These acquisitions were completed in the third and fourth quarters of 2018, respectively.
Schedule of Finite-Lived Intangible Assets
Other intangibles, net, as of June 29, 2019 and December 29, 2018 consist of the following: 
 
Estimated
Useful Life
(Years)
 
June 29, 2019
 
December 29, 2018
Customer relationships
13-20
 
$
941,197

 
$
939,880

Trademarks - Indefinite
Indefinite
 
85,500

 
85,228

Trademarks - Other
5-15
 
26,700

 
26,700

Technology and patents
7-12
 
49,437

 
55,394

Intangible assets, gross
 
 
1,102,834

 
1,107,202

Less: Accumulated amortization
 
 
202,561

 
176,677

Other intangibles, net
 
 
$
900,273

 
$
930,525


Schedule of Indefinite-Lived Intangible Assets
Other intangibles, net, as of June 29, 2019 and December 29, 2018 consist of the following: 
 
Estimated
Useful Life
(Years)
 
June 29, 2019
 
December 29, 2018
Customer relationships
13-20
 
$
941,197

 
$
939,880

Trademarks - Indefinite
Indefinite
 
85,500

 
85,228

Trademarks - Other
5-15
 
26,700

 
26,700

Technology and patents
7-12
 
49,437

 
55,394

Intangible assets, gross
 
 
1,102,834

 
1,107,202

Less: Accumulated amortization
 
 
202,561

 
176,677

Other intangibles, net
 
 
$
900,273

 
$
930,525