Company: JBI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001839839-25-000141
Chunk: 56

Company: Janus International Group, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 56
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 Acquisition of $14.8. The goodwill recognized in this acquisition was attributable to the acquired assembled workforce, expected synergies, and economies of scale, none of which qualify for recognition as a separate intangible asset. The goodwill is expected to be deductible for tax purposes.The following table sets forth the components of identifiable intangible assets acquired as of the date of the T.M.C. Acquisition, and the related weighted average amortization period:(dollar amounts in millions)Fair ValueWeighted Average Amortization Period (years)Customer relationships$38.1 15Tradename1.7 5Non-compete agreement2.7 5Identifiable intangible assets$42.5 Results of Acquired Operations The results of the acquired operations of Terminal Door have been included in our Unaudited Condensed Consolidated Financial Statements since the acquisition date of May 17, 2024. For the period from March 30, 2025 through May 17, 2025 and for the period from December 29, 2024 through May 17, 2025, Terminal Door contributed revenues of $3.8 and $7.3 and net income of $0.6 and $0.8, respectively. For the period from May 17, 2024 through June 29, 2024, Terminal Door contributed revenues of $4.0 and net income of $0.7.

16

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

7. Acquired Intangible Assets and Goodwill

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:June 28, 2025December 28, 2024(dollar amounts in millions)Original Useful Life (years)Remaining Weighted Average Amortization period (years)Gross Carrying Amount Accumulated AmortizationAccumulated ImpairmentNet AmountGross Carrying AmountAccumulated AmortizationAccumulated ImpairmentNet AmountCustomer relationships10-158.1$447.7 $199.5 $— $248.2 $446.8 $184.0 $— $262.8 Tradenames and trademarksIndefiniteIndefinite107.9 — 12.0 95.9 107.5 — 12.