Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Oct. 05, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

Summary of Goodwill and Other Intangible Assets

The table below summarizes our goodwill and other intangible assets at October 5, 2019 and December 29, 2018, respectively, each of which is explained in additional detail below (amounts in thousands):

	October 5, 2019		December 29, 2018
Goodwill	$	545,244	$	545,379
Amortizable intangible assets, net of amortization		565,773		588,329
Indefinite-lived intangible assets		206,600		206,600
Total goodwill and other intangible assets	$	1,317,617	$	1,340,308

Carrying Amount of Goodwill

Changes in the carrying amount of goodwill during the forty weeks ended October 5, 2019 are presented in the table below and relate to the Canyon acquisition discussed in Note 5, Acquisition, of Notes to Condensed Consolidated Financial Statements of this Form 10-Q (amounts in thousands):

	Total
Outstanding at December 29, 2018	$	545,379
Change in goodwill related to acquisition		(135	)
Outstanding at October 5, 2019	$	545,244

Amortizable Intangible Assets

As of October 5, 2019 and December 29, 2018, respectively, the company had the following amounts related to amortizable intangible assets (amounts in thousands):

	October 5, 2019						December 29, 2018
Asset	Cost		Accumulated Amortization		Net Value		Cost		Accumulated Amortization		Net Value
Trademarks	$	413,092	$	53,200	$	359,892	$	413,092	$	44,711	$	368,381
Customer relationships		318,021		113,698		204,323		318,021		99,904		218,117
Non-compete agreements		5,154		4,935		219		5,154		4,874		280
Distributor relationships		4,123		2,784		1,339		4,123		2,572		1,551
Total	$	740,390	$	174,617	$	565,773	$	740,390	$	152,061	$	588,329

Aggregate Amortization Expense

Aggregate amortization expense for the twelve and forty weeks ended October 5, 2019 and October 6, 2018 was as follows (amounts in thousands):

	Amortization Expense
For the twelve weeks ended October 5, 2019	$	6,767
For the twelve weeks ended October 6, 2018	$	5,975
For the forty weeks ended October 5, 2019	$	22,556
For the forty weeks ended October 6, 2018	$	19,918

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 2019	$	6,683
2020	$	28,606
2021	$	27,893
2022	$	27,189
2023	$	26,309