Annual report pursuant to Section 13 and 15(d)

Significant Accounting Policies (Tables)

v3.20.4
Significant Accounting Policies (Tables)
12 Months Ended
Jan. 03, 2021
Accounting Policies [Abstract]  
Schedule of Finite-Lived Intangible Assets

Amortization is calculated on a straight-line basis over the expected useful lives (in years) as follows:

 

Customer relationships

 

 

10

 

Order backlog

 

 

1.5

 

Trade name

 

 

1

 

Non-compete agreements

 

 

2

 

Property, Plant and Equipment

Plant and equipment are stated at cost less accumulated depreciation. Depreciation is calculated on a straight-line basis over the expected useful lives (in years) as follows:

 

Buildings

 

 

5

 

 

 

 

 

 

20

 

Machinery and equipment

 

 

7

 

 

 

 

 

 

15

 

Office furniture and equipment

 

 

 

 

 

 

7

 

 

 

 

 

Computer hardware and software

 

 

 

 

 

 

3