Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Jan. 01, 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 January 1, 2022 and January 2, 2021, respectively, each of which is explained in additional detail below (amounts in thousands):

	January 1, 2022		January 2, 2021
Goodwill	$	545,244	$	545,244
Amortizable intangible assets, net of amortization		568,332		587,818
Indefinite-lived intangible assets		127,100		127,100
Total goodwill and other intangible assets	$	1,240,676	$	1,260,162

Amortizable Intangible Assets

As of January 1, 2022 and January 2, 2021, the company had the following amounts related to amortizable intangible assets (amounts in thousands):

	January 1, 2022						January 2, 2021
Asset	Cost		Accumulated Amortization		Net Value		Cost		Accumulated Amortization		Net Value
Trademarks	$	477,115	$	78,124	$	398,991	$	466,915	$	64,426	$	402,489
Customer relationships		318,021		151,496		166,525		318,021		135,068		182,953
Non-compete agreements		5,154		5,074		80		5,154		5,034		120
Distributor relationships		4,123		3,398		725		4,123		3,123		1,000
Distributor routes held and used		2,548		537		2,011		1,377		121		1,256
Total	$	806,961	$	238,629	$	568,332	$	795,590	$	207,772	$	587,818

Amortization Expense

Amortization expense

Amortization expense for Fiscal 2021, 2020, and 2019 was as follows (amounts in thousands):

	Amortization expense
Fiscal 2021	$	30,857
Fiscal 2020	$	30,704
Fiscal 2019	$	29,323

Estimated Amortization of Intangibles

Estimated amortization of intangibles for Fiscal 2022 and the next four years thereafter is as follows (amounts in thousands):

Fiscal year	Amortization of Intangibles
2022	$	31,535
2023	$	30,654
2024	$	29,959
2025	$	29,247
2026	$	27,173