Goodwill and Intangible Assets
 9 Months Ended
Oct. 02, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
GOODWILL AND INTANGIBLE ASSETS
    As of October 2, 2020 and December 31, 2019 the carrying amount of goodwill was $262.1 million and $262.0 million, respectively. The $0.1 million increase during the first nine months of 2020 is due to a final adjustment to the Advantor purchase price allocation.
    The Company tests goodwill for impairment as of the beginning of the fourth quarter each year, or more frequently should circumstances change or events occur that would more likely than not reduce the fair value of a reporting unit below its carrying amount. Due to the COVID-19 pandemic and the negative effect on the U.S. and global economy, the Company completed a qualitative assessment to evaluate whether or not it is more likely than not that the fair value of goodwill is less than its carrying amount. Based on our assessment of the totality of events and circumstances as of October 2, 2020, including the estimated impact of the COVID-19 pandemic on our business forecast and the Company's market capitalization, we determined that it is not more likely than not that the fair value of our reporting unit is below its carrying amount.
    Identifiable intangible assets consist of the following:
October 2, 2020December 31, 2019
(In thousands)Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Contract backlogs and recompetes$11,600 $(6,053)$5,547 $11,600 $(4,300)$7,300 
Customer contracts7,200 (1,773)5,427 7,200 (692)6,508 
Trade names and other1,243 (315)928 1,236 (118)1,118 
Balance$20,043 $(8,141)$11,902 $20,036 $(5,110)$14,926 
     Identifiable intangible asset amortization expense was $1.0 million and $3.0 million for the three and nine months ended October 2, 2020, respectively. Intangible amortization expense for the three and nine months ended September 27, 2019 was $0.8 million and $2.1 million, respectively. As of October 2, 2020, the remaining average intangible asset amortization period was 3.6 years.
    The estimated amortization expense for the next five years is as follows (in thousands):
PeriodAmortization
2020 (excluding the nine months ended October 2, 2020) $998 
2021$4,029 
2022$2,501 
2023$2,404 
2024$1,297 
After 2024$673