Quarterly report [Sections 13 or 15(d)]

Acquired Intangible Assets and Goodwill

v3.25.2
Acquired Intangible Assets and Goodwill
 6 Months Ended
Jun. 28, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Acquired Intangible Assets and Goodwill Acquired Intangible Assets and Goodwill
Intangible assets acquired in a business combination are recognized at fair value and amortized over their estimated useful lives. The carrying amount and accumulated amortization of recognized intangible assets are as follows for the periods presented:
June 28, 2025 December 28, 2024
(dollar amounts in millions)
 Original Useful Life (years) Remaining Weighted Average
Amortization period (years)		 Gross Carrying Amount Accumulated Amortization Accumulated Impairment Net Amount Gross Carrying Amount Accumulated Amortization Accumulated Impairment Net Amount
Customer relationships
10-15
 8.1 $ 447.7  $ 199.5  $ —  $ 248.2  $ 446.8  $ 184.0  $ —  $ 262.8 
Tradenames and trademarks
 Indefinite
Indefinite
 107.9  —  12.0  95.9  107.5  —  12.0  95.5 
Tradenames and trademarks
 5 3.9 1.7  0.4  —  1.3  1.7  0.2  —  1.5 
Software development
10-15
 7.7 20.3  9.7  —  10.6  20.3  9.0  —  11.3 
Non-compete agreements
3-8
3.7 3.0  0.8  —  2.2  3.0  0.6  —  2.4 
Total intangible assets $ 580.6  $ 210.4  $ 12.0  $ 358.2  $ 579.3  $ 193.8  $ 12.0  $ 373.5 

Changes in the gross carrying amount of recognized intangible assets are due to translation adjustments include a gain of $1.3 and a loss of $0.3 for the periods ended June 28, 2025 and December 28, 2024, respectively. The amortization of intangible assets is included in general and administrative expense on the Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income. Amortization expense was approximately $8.2 and $8.0 for the three month periods ended June 28, 2025 and June 29, 2024, respectively, and was approximately $16.5 and $15.5 for the six month periods ended June 28, 2025 and June 29, 2024, respectively.
Goodwill
The changes in the carrying amounts of goodwill are as follows for the periods presented:
(dollar amounts in millions)
 Janus North America Janus International Consolidated
Balance as of December 28, 2024 $ 371.8  $ 11.3  $ 383.1 
Foreign currency translation adjustment —  0.9  0.9 
Balance as of June 28, 2025 $ 371.8  $ 12.2  $ 384.0