Goodwill, Trade Names and Other Intangible Assets
12 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill, Trade Names and Other Intangible Assets

6. Goodwill, Trade Names and Other Intangible Assets

Trade names and other intangible assets are as follows as of:

 

                   Initial  
     December 31,      January 2,      Useful Life  
     2016      2016      (in years)  
     (in thousands)         

Goodwill

   $ 108,060      $ 65,635        indefinite  
  

 

 

    

 

 

    

Other intangible assets:

        

Trade names

   $ 75,841      $ 57,441        indefinite  
  

 

 

    

 

 

    

Customer relationships

     106,647        79,700        3-10  

Developed technology

     3,000        1,700        9-10  

Non-compete agreement

     1,668        600        2-5  

Less: Accumulated amortization

     (66,226      (60,130   
  

 

 

    

 

 

    

Subtotal

     45,089        21,870     
  

 

 

    

 

 

    

Other intangible assets, net

   $ 120,930      $ 79,311     
  

 

 

    

 

 

    

Goodwill at January 2, 2016

   $ 65,635        

Increase in goodwill from allocation of WinDoor purchase price

     41,856        

Increase in goodwill from allocation of USI purchase price

     569        
  

 

 

       

Goodwill at December 31, 2016

   $ 108,060        
  

 

 

       

Tradenames at January 2, 2016

   $ 57,441        

Increase in tradenames from the acquisition of WinDoor

     18,400        
  

 

 

       

Tradenames at December 31, 2016

   $ 75,841        
  

 

 

       

Amortizable Intangible Assets

We test amortizable intangible assets for impairment when indicators of impairment exist. No impairment testing was performed during the years ended December 31, 2016, January 2, 2016, and January 3, 2015, as we determined that there were no impairment indicators at any time during that three-year period.

 

Estimated amortization of our customer relationships, developed technology and non-compete agreement intangible assets is as follows for future fiscal years:

 

(in thousands)    Total  

2017

   $ 6,329  

2018

     6,341  

2019

     6,282  

2020

     6,278  

2021

     5,974  

Thereafter

     13,885  
  

 

 

 

Total

   $ 45,089