Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 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 December 31, 2022 and January 1, 2022, respectively, each of which is explained in additional detail below (amounts in thousands):

	December 31, 2022		January 1, 2022
Goodwill	$	545,244	$	545,244
Amortizable intangible assets, net of amortization		537,281		568,332
Indefinite-lived intangible assets		127,100		127,100
Total goodwill and other intangible assets	$	1,209,625	$	1,240,676

Amortizable Intangible Assets

As of December 31, 2022 and January 1, 2022, the company had the following amounts related to amortizable intangible assets (amounts in thousands):

	December 31, 2022						January 1, 2022
Asset	Cost		Accumulated Amortization		Net Value		Cost		Accumulated Amortization		Net Value
Trademarks	$	477,115	$	92,763	$	384,352	$	477,115	$	78,124	$	398,991
Customer relationships		318,021		167,688		150,333		318,021		151,496		166,525
Non-compete agreements		5,154		5,114		40		5,154		5,074		80
Distributor relationships		4,123		3,673		450		4,123		3,398		725
Distributor routes held and used		3,249		1,143		2,106		2,548		537		2,011
Total	$	807,662	$	270,381	$	537,281	$	806,961	$	238,629	$	568,332

Amortization Expense

Amortization expense

Amortization expense for Fiscal 2022, 2021, and 2020 was as follows (amounts in thousands):

	Amortization expense
Fiscal 2022	$	31,752
Fiscal 2021	$	30,857
Fiscal 2020	$	30,704

Estimated Amortization of Intangibles

Estimated amortization of intangibles for Fiscal 2023 and the next four years thereafter is as follows (amounts in thousands):

Fiscal year	Amortization of Intangibles
2023	$	30,794
2024	$	30,098
2025	$	29,385
2026	$	27,303
2027	$	25,583