Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jul. 16, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Goodwill and Other Intangible Assets

The table below summarizes our goodwill and other intangible assets at July 16, 2022 and January 1, 2022, respectively, each of which is explained in additional detail below (amounts in thousands):

	July 16, 2022		January 1, 2022
Goodwill	$	545,244	$	545,244
Amortizable intangible assets, net		551,894		568,332
Indefinite-lived intangible assets		127,100		127,100
Total goodwill and other intangible assets	$	1,224,238	$	1,240,676

Amortizable Intangible Assets

As of July 16, 2022 and January 1, 2022, respectively, the company had the following amounts related to amortizable intangible assets (amounts in thousands):

	July 16, 2022						January 1, 2022
Asset	Cost		Accumulated Amortization		Net Value		Cost		Accumulated Amortization		Net Value
Trademarks	$	477,115	$	86,006	$	391,109	$	477,115	$	78,124	$	398,991
Customer relationships		318,021		160,219		157,802		318,021		151,496		166,525
Non-compete agreements		5,154		5,096		58		5,154		5,074		80
Distributor relationships		4,123		3,546		577		4,123		3,398		725
Distributor routes held and used		3,191		843		2,348		2,548		537		2,011
Total	$	807,604	$	255,710	$	551,894	$	806,961	$	238,629	$	568,332

Aggregate Amortization Expense

Aggregate amortization expense for the twelve and twenty-eight weeks ended July 16, 2022 and July 17, 2021 was as follows (amounts in thousands):

	Amortization Expense
For the twelve weeks ended July 16, 2022	$	7,332
For the twelve weeks ended July 17, 2021	$	7,079
For the twenty-eight weeks ended July 16, 2022	$	17,081
For the twenty-eight weeks ended July 17, 2021	$	16,322

Estimated Amortization of Intangibles

Estimated amortization of intangibles for each of the next five years is as follows (amounts in thousands):

	Amortization of Intangibles
Remainder of 2022	$	14,552
2023	$	30,782
2024	$	30,087
2025	$	29,374
2026	$	27,291