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Distribution Agreements, Net
 12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Distribution Agreements, Net Distribution Agreements, Net
Distribution agreements, net, which are amortized on a straight-line basis and have an estimated useful life of 10 to 40 years, consisted of the following:

(in thousands)December 31, 2021December 31, 2020
Distribution agreements at cost$960,042 $952,533 
Less: Accumulated amortization123,265 98,780 
Distribution agreements, net$836,777 $853,753 

Following is a summary of activity for distribution agreements, net during 2021 and 2020:

 Fiscal Year
(in thousands)20212020
Beginning balance - distribution agreements, net$853,753 $876,096 
Other distribution agreements7,509 1,984 
Additional accumulated amortization(24,485)(24,327)
Ending balance - distribution agreements, net$836,777 $853,753 

Subsequent to year-end, the Company entered into an agreement with a related party to acquire $30.1 million of additional distribution rights with an estimated useful life of 40 years.

Assuming no impairment of distribution agreements, net, amortization expense in future years based upon recorded amounts as of December 31, 2021 will be $24.9 million for each fiscal year 2022 through 2026.
Customer Lists, Net
Customer lists, net, which are amortized on a straight-line basis and have an estimated useful life of five to 12 years, consisted of the following:

(in thousands)December 31, 2021December 31, 2020
Customer lists at cost$25,288 $25,288 
Less: Accumulated amortization14,322 12,484 
Customer lists, net$10,966 $12,804 

Assuming no impairment of customer lists, net, amortization expense in future years based upon recorded amounts as of December 31, 2021 will be approximately $1.7 million for each fiscal year 2022 through 2026.