Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Jan. 03, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Goodwill and Other Intangible Assets

The table below summarizes our goodwill and other intangible assets as of January 3, 2026 and December 28, 2024, respectively, each of which is explained in additional detail below (amounts in thousands):

	January 3, 2026		December 28, 2024
Goodwill	$	1,047,775	$	679,896
Amortizable intangible assets, net of amortization		502,162		499,269
Indefinite-lived intangible assets		482,500		127,100
Total goodwill and other intangible assets	$	2,032,437	$	1,306,265

Summary of Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill during Fiscal 2025 related to the acquisition of Simple Mills are as follows (amounts in thousands):

	Total
Balance as of December 28, 2024	$	679,896
Acquisition (see Note 6, Acquisitions)		367,879
Balance as of January 3, 2026	$	1,047,775

Amortizable Intangible Assets

As of January 3, 2026 and December 28, 2024, the company had the following amounts related to amortizable intangible assets (amounts in thousands):

	January 3, 2026						December 28, 2024
Asset	Cost		Accumulated Amortization		Net Value		Cost		Accumulated Amortization		Net Value
Trademarks	$	345,733	$	136,586	$	209,147	$	481,715	$	122,432	$	359,283
Customer relationships		518,021		225,143		292,878		340,221		200,549		139,672
Non-compete agreements		5,454		5,356		98		5,454		5,281		173
Distributor relationships		4,123		4,084		39		4,123		3,982		141
Total	$	873,331	$	371,169	$	502,162	$	831,513	$	332,244	$	499,269

Amortization Expense

Amortization expense for Fiscal 2025, 2024, and 2023 was as follows (amounts in thousands):

	Amortization expense
Fiscal 2025	$	38,925
Fiscal 2024	$	31,371
Fiscal 2023	$	32,218

Estimated Amortization of Intangibles

Estimated amortization of intangibles for Fiscal 2026 and the next four years thereafter is as follows (amounts in thousands):

Fiscal year	Amortization of Intangibles
2026	$	34,702
2027	$	33,052
2028	$	31,423
2029	$	29,222
2030	$	28,125