Quarterly report pursuant to Section 13 or 15(d)

Acquired Intangible Assets and Goodwill (Tables)

v3.24.2.u1
Acquired Intangible Assets and Goodwill (Tables)
 6 Months Ended
Jun. 29, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Indefinite-Lived Intangible Assets The carrying amount and accumulated amortization of recognized intangible assets at June 29, 2024 and December 30, 2023, are as follows:
June 29, 2024 December 30, 2023
Original Useful Life (years)
Weighted-Average Amortization period (years)
 Gross Carrying Amount Accumulated Amortization Net Amount Gross Carrying Amount Accumulated Amortization Net Amount
Customer relationships
10-15
 9.8 $ 445.7  $ 168.3  $ 277.4  $ 409.0  $ 154.1  $ 254.9 
Tradenames and trademarks
 Indefinite
Indefinite
 107.5  —  107.5  107.5  —  107.5 
Tradename
 5 4.9 1.6  —  1.6  —  —  — 
Software development
10-15
 6.1 20.3  8.3  12.0  20.3  7.5  12.8 
Noncompete agreements
3-8
5.1 3.0  0.3  2.7  0.3  0.2  0.1 
9.6 $ 578.1  $ 176.9  $ 401.2  $ 537.1  $ 161.8  $ 375.3 
Schedule of Finite-Lived Intangible Assets The carrying amount and accumulated amortization of recognized intangible assets at June 29, 2024 and December 30, 2023, are as follows:
June 29, 2024 December 30, 2023
Original Useful Life (years)
Weighted-Average Amortization period (years)
 Gross Carrying Amount Accumulated Amortization Net Amount Gross Carrying Amount Accumulated Amortization Net Amount
Customer relationships
10-15
 9.8 $ 445.7  $ 168.3  $ 277.4  $ 409.0  $ 154.1  $ 254.9 
Tradenames and trademarks
 Indefinite
Indefinite
 107.5  —  107.5  107.5  —  107.5 
Tradename
 5 4.9 1.6  —  1.6  —  —  — 
Software development
10-15
 6.1 20.3  8.3  12.0  20.3  7.5  12.8 
Noncompete agreements
3-8
5.1 3.0  0.3  2.7  0.3  0.2  0.1 
9.6 $ 578.1  $ 176.9  $ 401.2  $ 537.1  $ 161.8  $ 375.3 
Schedule of Goodwill
The changes in the carrying amounts of goodwill for the period ended June 29, 2024 were as follows:
Janus North America Janus International Consolidated
Balance as of December 30, 2023 $ 357.0  $ 11.6  $ 368.6 
 Terminal Door Asset Acquisition
 15.7  —  15.7 
Balance as of June 29, 2024 $ 372.7  $ 11.6  $ 384.3