Quarterly report pursuant to Section 13 or 15(d)

Acquired Intangible Assets and Goodwill (Tables)

v3.24.3
Acquired Intangible Assets and Goodwill (Tables)
 9 Months Ended
Sep. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets The carrying amount and accumulated amortization of recognized intangible assets at September 28, 2024 and December 30, 2023, are as follows:
(dollar amounts in millions)
 September 28, 2024 December 30, 2023
Original Useful Life (years)
Weighted-Average Amortization period (years)
Gross Carrying Amount 1
Accumulated Amortization Net Amount Gross Carrying Amount Accumulated Amortization Net Amount
Customer relationships
10-15
 8.9 $ 447.5  $ 176.4  $ 271.1  $ 409.0  $ 154.1  $ 254.9 
Tradenames and trademarks
 Indefinite
Indefinite
 105.0  —  105.0  107.5  —  107.5 
Tradename
 5 4.6 1.7  0.1  1.6  —  —  — 
Software
10-15
 8.4 20.3  8.6  11.7  20.3  7.5  12.8 
Noncompete agreements
3-8
4.4 3.0  0.4  2.6  0.3  0.2  0.1 
$ 577.5  $ 185.5  $ 392.0  $ 537.1  $ 161.8  $ 375.3 
1) Gross carrying amounts as of September 28, 2024 are presented net of the indefinite-lived tradenames and trademarks impairment. Refer to “Impairment of Indefinite-Lived Tradenames and Trademarks” below for further details.
Schedule of Indefinite-Lived Intangible Assets The carrying amount and accumulated amortization of recognized intangible assets at September 28, 2024 and December 30, 2023, are as follows:
(dollar amounts in millions)
 September 28, 2024 December 30, 2023
Original Useful Life (years)
Weighted-Average Amortization period (years)
Gross Carrying Amount 1
Accumulated Amortization Net Amount Gross Carrying Amount Accumulated Amortization Net Amount
Customer relationships
10-15
 8.9 $ 447.5  $ 176.4  $ 271.1  $ 409.0  $ 154.1  $ 254.9 
Tradenames and trademarks
 Indefinite
Indefinite
 105.0  —  105.0  107.5  —  107.5 
Tradename
 5 4.6 1.7  0.1  1.6  —  —  — 
Software
10-15
 8.4 20.3  8.6  11.7  20.3  7.5  12.8 
Noncompete agreements
3-8
4.4 3.0  0.4  2.6  0.3  0.2  0.1 
$ 577.5  $ 185.5  $ 392.0  $ 537.1  $ 161.8  $ 375.3 
1) Gross carrying amounts as of September 28, 2024 are presented net of the indefinite-lived tradenames and trademarks impairment. Refer to “Impairment of Indefinite-Lived Tradenames and Trademarks” below for further details.
(dollar amounts in millions)
Tradenames and Trademarks
Balance as of December 30, 2023 $ 107.5 
 Foreign Currency Translation Adjustment 0.3 
 Impairment
 $ (2.8)
Balance as of September 28, 2024 $ 105.0 
Schedule of Goodwill
The changes in the carrying amounts of goodwill for the period ended September 28, 2024 were as follows:
(dollar amounts in millions)
 Janus North America Janus International Consolidated
Balance as of December 30, 2023 $ 357.0  $ 11.6  $ 368.6 
 Terminal Door Asset Acquisition
 14.7  —  14.7 
 Foreign Currency Translation Adjustment —  0.6  0.6 
Balance as of September 28, 2024 $ 371.7  $ 12.2  $ 383.9