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Other Identifiable Intangible Assets
12 Months Ended
Jan. 03, 2016
Goodwill And Intangible Assets Disclosure [Abstract]  
Other Identifiable Intangible Assets

8. Other Identifiable Intangible Assets

 

 

 

Jan. 3, 2016

 

 

Dec. 28, 2014

 

 

 

In Thousands

 

Cost

 

 

Accumulated Amortization

 

 

Total, net

 

 

Cost

 

 

Accumulated Amortization

 

 

Total, net

 

 

Estimated Useful Lives

Distribution agreements

 

$

133,109

 

 

$

3,323

 

 

$

129,786

 

 

$

54,909

 

 

$

1,068

 

 

$

53,841

 

 

20-40 years

Customer lists and other identifiable intangible assets

 

 

11,338

 

 

 

4,676

 

 

 

6,662

 

 

 

7,438

 

 

 

4,131

 

 

 

3,307

 

 

12-20 years

Total other identifiable intangible assets

 

$

144,447

 

 

$

7,999

 

 

$

136,448

 

 

$

62,347

 

 

$

5,199

 

 

$

57,148

 

 

 

 

During 2015, the Company acquired $81.0 million of distribution agreement intangible assets and $3.1 million of customer lists intangible assets related to the 2015 Expansion Territories.  Additionally, during 2015 the Company recorded measurement period adjustments reducing distribution agreement intangible assets $3.0 million and $14.0 million related to the 2014 Expansion Territories and the 2015 Expansion Territories, respectively. During 2015, as a result of the Lexington-for-Jackson exchange, the Company also acquired distribution agreement intangible assets of $0.2 million and customer lists intangible assets of $0.8 million related to the Lexington Expansion Territory.

 

During 2014, the Company acquired $52.6 million of distribution agreement intangible assets and $1.6 million of customer lists intangible assets related to the 2014 Expansion Territories.

Other identifiable intangible assets are amortized on a straight line basis. Amortization expense related to other identifiable intangible assets was $2.8 million, $0.7 million and $0.3 million for 2015, 2014 and 2013, respectively. Assuming no impairment of these other identifiable intangible assets, amortization expense in future years based upon recorded amounts as of January 3, 2016 will be $4.1 million each year for 2016 through 2020.