Customer Lists and Other Identifiable Intangible Assets, Net

9 Months Ended

Oct. 01, 2017

Customer Lists and Other Identifiable Intangible Assets [Member]

Other Identifiable Intangible Assets Net

9.Customer Lists and Other Identifiable Intangible Assets, Net

Customer lists and other identifiable intangible assets, net, which have an estimated useful life of 12 to 20 years, consisted of the following:

(in thousands)	October 1, 2017		January 1, 2017
Customer lists and other identifiable intangible assets at cost	$	19,738	$	15,938
Less: Accumulated amortization		6,476		5,511
Customer lists and other identifiable intangible assets, net	$	13,262	$	10,427

A reconciliation of the activity for customer lists and other identifiable intangible assets, net for the first three quarters of 2017 and the first three quarters of 2016 is as follows:

	First Three Quarters
(in thousands)	2017			2016
Beginning balance - customer lists and other identifiable intangible assets, net	$	10,427		$	6,662
Expansion Transactions		3,800			2,000
Additional accumulated amortization		(965	)		(588	)
Ending balance - customer lists and other identifiable intangible assets, net	$	13,262		$	8,074