Company: JBI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001839839-25-000150
Chunk: 18

Company: Janus International Group, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 18
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 28, 2024, 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 $8.3 and $8.2 for the three month periods ended September 27, 2025 and September 28, 2024, respectively, and was approximately $24.8 and $23.7 for the nine month periods ended September 27, 2025 and September 28, 2024, respectively.

Impairment of Indefinite-Lived Tradenames and TrademarksDuring the three months ended September 28, 2024, the Company experienced a revenue decline relative to expectations, historical performance, and strategic plans. This decrease was primarily driven by soft demand resulting from elevated interest rates and broader macroeconomic uncertainties, as well as a decline in stock price. Given these qualitative factors, the Company determined it was more likely than not that the fair value of the acquired assets could be impaired. Consequently, the Company performed a quantitative test of goodwill and indefinite-lived tradenames and trademarks as of September 28, 2024, ahead of the scheduled annual impairment test on September 29, 2024. This quantitative test yielded an impairment of $2.8 on its DBCI tradename.

16

Janus International Group, Inc.Notes to Unaudited Condensed Consolidated Financial Statements

Goodwill 

The changes in the carrying amounts of goodwill are as follows for the periods presented:

(dollar amounts in millions)Janus North AmericaJanus InternationalConsolidatedBalance as of December 28, 2024$371.8 $11.3 $383.1 Foreign Currency Translation Adjustment— 0.7 0.7 Balance as of September 27, 2025$371.8 $12.0 $383.8 

8. Accrued Expenses and Other Current LiabilitiesAccrued Expenses and Other Current Liabilities are summarized as follows for the periods presented:(dollar amounts in millions)September 27, 2025December 28, 2024Customer deposits $16.1 $17.4 Employee compensation13.4 13.7 Current operating lease liabilities6.0 5.4 Product warranties4.9 4.8 Sales tax payable3.3 3.9 Interest payable3.2 3.5 Income tax payable