Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets (Tables)

v3.20.2
Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Jun. 27, 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 June 27, 2020
Fastening, Hardware, and Personal Protection
$ 567,847    $ —    $ —    $ —    $ (704)   $ 567,143   
Consumer Connected Solutions 222,096    —    —    —    —    222,096   
Canada 29,134    —    —    —    (1,274)   27,860   
Total $ 819,077    $ —    $ —    $ —    $ (1,978)   $ 817,099   
Schedule of Finite-Lived Intangible Assets
Other intangibles, net, as of June 27, 2020 and December 28, 2019 consist of the following: 
Estimated
Useful Life
(Years)
June 27, 2020 December 28, 2019
Customer relationships 13-20 $ 939,192    $ 941,305   
Trademarks - Indefinite Indefinite 85,117    85,517   
Trademarks - Other 7-15 26,400    26,700   
Technology and patents 7-12 63,561    60,968   
Intangible assets, gross 1,114,270    1,114,490   
Less: Accumulated amortization 260,870    232,060   
Other intangibles, net $ 853,400    $ 882,430   
Schedule of Indefinite-Lived Intangible Assets
Other intangibles, net, as of June 27, 2020 and December 28, 2019 consist of the following: 
Estimated
Useful Life
(Years)
June 27, 2020 December 28, 2019
Customer relationships 13-20 $ 939,192    $ 941,305   
Trademarks - Indefinite Indefinite 85,117    85,517   
Trademarks - Other 7-15 26,400    26,700   
Technology and patents 7-12 63,561    60,968   
Intangible assets, gross 1,114,270    1,114,490   
Less: Accumulated amortization 260,870    232,060   
Other intangibles, net $ 853,400    $ 882,430