Quarterly report [Sections 13 or 15(d)]

Acquired Intangible Assets and Goodwill

v3.26.1
Acquired Intangible Assets and Goodwill
 6 Months Ended
Jul. 04, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Acquired Intangible Assets and Goodwill
7. 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:

July 4, 2026 January 3, 2026
(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
 7.2 $ 466.2  $ 231.1  $ —  $ 235.1  $ 447.9  $ 214.8  $ 0.4  $ 232.7 
Tradenames and trademarks
 Indefinite Indefinite 107.7  —  12.3  95.4  107.8  —  12.3  95.5 
Tradenames and trademarks
 5 4.1 6.2  1.2  —  5.0  1.7  0.6  —  1.1 
Software development
10-15
 6.7 20.3  11.1  —  9.2  20.3  10.4  —  9.9 
Non-compete agreements
3-5
 4.0 8.6  1.7  —  6.9  3.0  1.1  —  1.9 
Backlog 1 0.5 11.0  5.5  —  5.5  —  —  —  — 
Total intangible assets $ 620.0  $ 250.6  $ 12.3  $ 357.1  $ 580.7  $ 226.9  $ 12.7  $ 341.1 
Changes in the gross carrying amount of recognized intangible assets are due to translation adjustments and include a loss of $0.1 and a gain of $1.0 for the periods ended July 4, 2026 and January 3, 2026, 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 $12.0 and $8.2 for the three month periods ended July 4, 2026 and June 28, 2025, respectively, and was approximately $24.0 and $16.5 for the six month periods ended July 4, 2026 and June 28, 2025, 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 January 3, 2026 $ 371.8  $ 12.1  $ 383.9 
Kiwi II Acquisition 44.3  —  44.3 
Balance as of July 4, 2026 $ 416.1  $ 12.1  $ 428.2