Goodwill and Other Intangible Assets (Tables)
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3 Months Ended |
Mar. 28, 2020 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Summary of Goodwill Amounts by Operating Segment |
Goodwill amounts by reportable segment are summarized as follows:
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Goodwill at |
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Acquisitions |
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Dispositions |
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Adjustments |
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Other (1)
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Goodwill at |
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December 28, 2019 |
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March 28, 2020 |
Fastening, Hardware, and Personal Protection |
$ |
567,847 |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
(751 |
) |
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$ |
567,096 |
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Consumer Connected Solutions |
222,096 |
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— |
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— |
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— |
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— |
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222,096 |
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Canada |
29,134 |
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— |
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— |
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— |
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(2,027 |
) |
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27,107 |
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Total |
$ |
819,077 |
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$ |
— |
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$ |
— |
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$ |
— |
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|
$ |
(2,778 |
) |
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$ |
816,299 |
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| Schedule of Finite-Lived Intangible Assets |
Other intangibles, net, as of March 28, 2020 and December 28, 2019 consist of the following:
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Estimated
Useful Life
(Years) |
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March 28, 2020 |
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December 28, 2019 |
Customer relationships |
13-20 |
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$ |
938,361 |
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$ |
941,305 |
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Trademarks - Indefinite |
Indefinite |
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84,945 |
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85,517 |
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Trademarks - Other |
7-15 |
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26,400 |
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|
26,700 |
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Technology and patents |
7-12 |
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63,548 |
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|
60,968 |
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Intangible assets, gross |
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1,113,254 |
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|
1,114,490 |
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Less: Accumulated amortization |
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|
245,753 |
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|
232,060 |
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Other intangibles, net |
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$ |
867,501 |
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$ |
882,430 |
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| Schedule of Indefinite-Lived Intangible Assets |
Other intangibles, net, as of March 28, 2020 and December 28, 2019 consist of the following:
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Estimated
Useful Life
(Years) |
|
March 28, 2020 |
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December 28, 2019 |
Customer relationships |
13-20 |
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$ |
938,361 |
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$ |
941,305 |
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Trademarks - Indefinite |
Indefinite |
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84,945 |
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|
85,517 |
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Trademarks - Other |
7-15 |
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26,400 |
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|
26,700 |
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Technology and patents |
7-12 |
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63,548 |
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|
60,968 |
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Intangible assets, gross |
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1,113,254 |
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1,114,490 |
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Less: Accumulated amortization |
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245,753 |
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232,060 |
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Other intangibles, net |
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$ |
867,501 |
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$ |
882,430 |
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