Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets (Tables)

v3.20.1
Goodwill and Other Intangible Assets (Tables)
3 Months Ended
Mar. 28, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Goodwill Amounts by Operating Segment
Goodwill amounts by reportable segment are summarized as follows:
 
Goodwill at
 
Acquisitions
 
Dispositions
 
Adjustments
 
Other (1)
 
Goodwill at
 
December 28, 2019
 
 
March 28, 2020
Fastening, Hardware, and Personal Protection
$
567,847

 
$

 
$

 
$

 
$
(751
)
 
$
567,096

Consumer Connected Solutions
222,096

 

 

 

 

 
222,096

Canada
29,134

 

 

 

 
(2,027
)
 
27,107

Total
$
819,077

 
$

 
$

 
$

 
$
(2,778
)
 
$
816,299

 
Schedule of Finite-Lived Intangible Assets
Other intangibles, net, as of March 28, 2020 and December 28, 2019 consist of the following: 
 
Estimated
Useful Life
(Years)
 
March 28, 2020
 
December 28, 2019
Customer relationships
13-20
 
$
938,361

 
$
941,305

Trademarks - Indefinite
Indefinite
 
84,945

 
85,517

Trademarks - Other
7-15
 
26,400

 
26,700

Technology and patents
7-12
 
63,548

 
60,968

Intangible assets, gross
 
 
1,113,254

 
1,114,490

Less: Accumulated amortization
 
 
245,753

 
232,060

Other intangibles, net
 
 
$
867,501

 
$
882,430


Schedule of Indefinite-Lived Intangible Assets
Other intangibles, net, as of March 28, 2020 and December 28, 2019 consist of the following: 
 
Estimated
Useful Life
(Years)
 
March 28, 2020
 
December 28, 2019
Customer relationships
13-20
 
$
938,361

 
$
941,305

Trademarks - Indefinite
Indefinite
 
84,945

 
85,517

Trademarks - Other
7-15
 
26,400

 
26,700

Technology and patents
7-12
 
63,548

 
60,968

Intangible assets, gross
 
 
1,113,254

 
1,114,490

Less: Accumulated amortization
 
 
245,753

 
232,060

Other intangibles, net
 
 
$
867,501

 
$
882,430