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