Other Identifiable Intangible Assets Net

3 Months Ended

Apr. 02, 2017

Goodwill And Intangible Assets Disclosure [Abstract]

Other Identifiable Intangible Assets Net

7.Other Identifiable Intangible Assets, Net

Other identifiable intangible assets consisted of the following:

	April 2, 2017
(in thousands)	Cost		Accumulated Amortization		Total, net		Estimated Useful Lives
Distribution agreements	$	803,770	$	9,208	$	794,562	20-40 years
Customer lists and other identifiable intangible assets		18,788		5,795		12,993	12-20 years
Total other identifiable intangible assets	$	822,558	$	15,003	$	807,555

	January 1, 2017
(in thousands)	Cost		Accumulated Amortization		Total, net		Estimated Useful Lives
Distribution agreements	$	242,486	$	7,498	$	234,988	20-40 years
Customer lists and other identifiable intangible assets		15,938		5,511		10,427	12-20 years
Total other identifiable intangible assets	$	258,424	$	13,009	$	245,415

A reconciliation of the activity for other identifiable intangible assets for the first quarter of 2017 and the first quarter of 2016 is as follows:

(in thousands)	Distribution Agreements			Customer Lists and Other Identifiable Intangible Assets			Total Other Identifiable Intangible Assets
Balance on January 1, 2017	$	234,988		$	10,427		$	245,415
Q1 2017 Expansion Transactions		28,200			2,850			31,050
Conversion to distribution rights from franchise rights		533,040			-			533,040
Other distribution agreements		44			-			44
Additional accumulated amortization		(1,710	)		(284	)		(1,994	)
Balance on April 2, 2017	$	794,562		$	12,993		$	807,555
Balance on January 3, 2016	$	129,786		$	6,662		$	136,448
Q1 2016 Expansion Transactions		750			550			1,300
Additional accumulated amortization		(850	)		(177	)		(1,027	)
Balance on April 3, 2016	$	129,686		$	7,035		$	136,721

Concurrent with its entrance into the Final CBA, the Company converted its franchise rights for the Legacy Territory to distribution rights, with an estimated useful life of 40 years, during the first quarter of 2017.