Goodwill and Other Intangible Assets (Tables)

4 Months Ended

Apr. 24, 2021

Goodwill And Intangible Assets Disclosure [Abstract]

Summary of Goodwill and Other Intangible Assets

The table below summarizes our goodwill and other intangible assets at April 24, 2021 and January 2, 2021, respectively, each of which is explained in additional detail below (amounts in thousands):

	April 24, 2021		January 2, 2021
Goodwill	$	545,244	$	545,244
Amortizable intangible assets, net of amortization		579,030		587,818
Indefinite-lived intangible assets		127,100		127,100
Total goodwill and other intangible assets	$	1,251,374	$	1,260,162

Amortizable Intangible Assets

As of April 24, 2021 and January 2, 2021, respectively, the company had the following amounts related to amortizable intangible assets (amounts in thousands):

	April 24, 2021						January 2, 2021
Asset	Cost		Accumulated Amortization		Net Value		Cost		Accumulated Amortization		Net Value
Trademarks	$	466,915	$	68,302	$	398,613	$	466,915	$	64,426	$	402,489
Customer relationships		318,021		140,243		177,778		318,021		135,068		182,953
Non-compete agreements		5,154		5,046		108		5,154		5,034		120
Distributor relationships		4,123		3,208		915		4,123		3,123		1,000
Distributor routes held and used		1,832		216		1,616		1,377		121		1,256
Total	$	796,045	$	217,015	$	579,030	$	795,590	$	207,772	$	587,818

Aggregate Amortization Expense

Aggregate amortization expense for the sixteen weeks ended April 24, 2021 and April 18, 2020 was as follows (amounts in thousands):

	Amortization Expense
For the sixteen weeks ended April 24, 2021	$	9,243
For the sixteen weeks ended April 18, 2020	$	9,542

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 2021	$	20,635
2022	$	29,341
2023	$	28,460
2024	$	27,764
2025	$	27,056