Intangible assets acquired in a business combination are recognized at fair value and amortized over their estimated useful lives. The carrying amount and accumulated amortization of recognized intangible assets are as follows for the periods presented:


			July 4, 2026								January 3, 2026
(dollar amounts in millions)	Original Useful Life (years)	Remaining Weighted-Average Amortization period (years)	Gross Carrying Amount		Accumulated Amortization		Accumulated Impairment		Net Amount		Gross Carrying Amount		Accumulated Amortization		Accumulated Impairment		Net Amount
Customer relationships	10-15	7.2	$	466.2	$	231.1	$	—	$	235.1	$	447.9	$	214.8	$	0.4	$	232.7
Tradenames and trademarks	Indefinite	Indefinite	107.7		—		12.3		95.4		107.8		—		12.3		95.5
Tradenames and trademarks	5	4.1	6.2		1.2		—		5.0		1.7		0.6		—		1.1
Software development	10-15	6.7	20.3		11.1		—		9.2		20.3		10.4		—		9.9
Non-compete agreements	3-5	4.0	8.6		1.7		—		6.9		3.0		1.1		—		1.9
Backlog	1	0.5	11.0		5.5		—		5.5		—		—		—		—
Total intangible assets			$	620.0	$	250.6	$	12.3	$	357.1	$	580.7	$	226.9	$	12.7	$	341.1

Changes in the gross carrying amount of recognized intangible assets are due to translation adjustments and include a loss of $0.1 and a gain of $1.0 for the periods ended July 4, 2026 and January 3, 2026, respectively. The amortization of intangible assets is included in general and administrative expense on the Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income. Amortization expense was approximately $12.0 and $8.2 for the three month periods ended July 4, 2026 and June 28, 2025, respectively, and was approximately $24.0 and $16.5 for the six month periods ended July 4, 2026 and June 28, 2025, respectively.


(dollar amounts in millions)	Janus North America		Janus International		Consolidated



Balance as of January 3, 2026	$	371.8	$	12.1	$	383.9
Kiwi II Acquisition	44.3		—		44.3

Balance as of July 4, 2026	$	416.1	$	12.1	$	428.2