Goodwill and Intangible Assets

6 Months Ended

Jul. 04, 2026

Intangible Asset, Goodwill and Other [Abstract]

The changes in the carrying amount of goodwill for the fiscal year-to-date period ended July 4, 2026 are summarized as follows (in thousands):




Goodwill, at January 3, 2026	$	166,611
Accumulated goodwill impairment	(71,893)
Goodwill, net at January 3, 2026	94,718

Foreign currency translation adjustment	(133)
Goodwill, net at July 4, 2026	$	94,585

Goodwill, net at July 4, 2026 is comprised of goodwill of $166.5 million and accumulated impairment of $71.9 million. There were no impairment losses related to goodwill during the fiscal year-to-date period ended July 4, 2026 or during the fiscal year ended January 3, 2026.

Intangible assets that are separable from goodwill and have determinable useful lives are valued separately and amortized using the straight-line method over their expected useful lives. There were no impairment losses related to intangible assets during the fiscal year-to-date period ended July 4, 2026 or during the fiscal year ended January 3, 2026.

The components of acquired identifiable intangible assets are as follows (in thousands):


		July 4, 2026						January 3, 2026
	Useful Life (in years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount

Customer relationships	10	$	15,300	$	(10,379)	$	4,921	$	15,300	$	(9,614)	$	5,686

Amortization expense related to intangible assets was $0.4 million and $0.8 million for the fiscal quarter and fiscal year-to-date period ended July 4, 2026, respectively. Amortization expense related to intangible assets was $0.4 million and $0.8 million for the fiscal quarter and fiscal year-to-date period ended June 28, 2025, respectively.