Goodwill and Intangible Assets |
6 Months Ended |
|---|---|
Jun. 28, 2019 | |
| Goodwill and Intangible Assets Disclosure [Abstract] | |
| Goodwill and Intangible Assets | GOODWILL AND INTANGIBLE ASSETS As of both June 28, 2019 and December 31, 2018, the carrying amount of goodwill was $233.6 million. There was no related activity during the first six months of 2019. As of June 28, 2019 and December 31, 2018, the carrying amount of intangible assets was approximately $13.9 million and $8.6 million, respectively. The increase during the first six months of 2019 was due to $6.5 million of new amortizable intangible assets purchased during the first quarter of 2019. This increase was offset by intangible amortization expense of approximately $0.7 million and $1.3 million for the three and six months ended June 28, 2019, respectively. Intangible amortization expense for the three and six months ended June 29, 2018 was $0.5 million and $0.9 million, respectively. Amortizing intangible assets, which carry a remaining average life of approximately 6 years, are principally composed of customer contracts, related backlogs and re-competes. |