Annual report [Section 13 and 15(d), not S-K Item 405]

Acquired Intangible Assets and Goodwill (Tables)

v3.25.0.1
Acquired Intangible Assets and Goodwill (Tables)
 12 Months Ended
Dec. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Indefinite-Lived Intangible Assets The carrying amount and accumulated amortization of recognized intangible assets at December 28, 2024 and December 30, 2023, are as follows:
(dollar amounts in millions) December 28, 2024 December 30, 2023
Intangible Assets
 Useful Life Weighted-Average Amortization period (years)
Gross Carrying Amount
 Accumulated Amortization
Accumulated Impairment
 Net Amount Gross Carrying Amount Accumulated Amortization Net Amount
Customer relationships
10-15 years
 8.6 $ 446.8  $ 184.0  $ —  $ 262.8  $ 409.0  $ 154.1  $ 254.9 
Tradenames and trademarks
 Indefinite Indefinite 107.5  —  12.0  95.5  107.5  —  107.5 
Tradenames and trademarks
 Definite 4.4 1.7  0.2  —  1.5  —  —  — 
Software development
10-15 years
 8.2 20.3  9.0  —  11.3  20.3  7.5  12.8 
Noncompete agreements
3-8 years
 4.1 3.0  0.6  —  2.4  0.3  0.2  0.1 
$ 579.3  $ 193.8  $ 12.0  $ 373.5  $ 537.1  $ 161.8  $ 375.3 
Schedule of Finite-Lived Intangible Assets The carrying amount and accumulated amortization of recognized intangible assets at December 28, 2024 and December 30, 2023, are as follows:
(dollar amounts in millions) December 28, 2024 December 30, 2023
Intangible Assets
 Useful Life Weighted-Average Amortization period (years)
Gross Carrying Amount
 Accumulated Amortization
Accumulated Impairment
 Net Amount Gross Carrying Amount Accumulated Amortization Net Amount
Customer relationships
10-15 years
 8.6 $ 446.8  $ 184.0  $ —  $ 262.8  $ 409.0  $ 154.1  $ 254.9 
Tradenames and trademarks
 Indefinite Indefinite 107.5  —  12.0  95.5  107.5  —  107.5 
Tradenames and trademarks
 Definite 4.4 1.7  0.2  —  1.5  —  —  — 
Software development
10-15 years
 8.2 20.3  9.0  —  11.3  20.3  7.5  12.8 
Noncompete agreements
3-8 years
 4.1 3.0  0.6  —  2.4  0.3  0.2  0.1 
$ 579.3  $ 193.8  $ 12.0  $ 373.5  $ 537.1  $ 161.8  $ 375.3 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
The following table summarizes the aggregate expected amortization expense of definite-lived intangible assets as of December 28, 2024 (dollar amounts in millions):
2025 $ 33.0 
2026 33.0 
2027 33.0 
2028 32.8 
2029 32.2 
Thereafter 114.0 
Total $ 278.0 
Schedule of Goodwill The changes in the carrying amounts of goodwill for the years ended December 28, 2024 and December 30, 2023 were as follows:
(dollar amounts in millions) Janus North America Janus International Consolidated
Balance as of December 31, 2022 $ 357.0  $ 11.2  $ 368.2 
Foreign Currency Translation Adjustment —  0.4  0.4 
Balance as of December 30, 2023 $ 357.0  $ 11.6  $ 368.6 
Foreign Currency Translation Adjustment —  (0.3) (0.3)
Terminal Door Asset Acquisition 14.8  —  14.8 
Balance as of December 28, 2024 $ 371.8  $ 11.3  $ 383.1