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Customer Lists and Other Identifiable Intangible Assets, Net (Tables) - Customer Lists and Other Identifiable Intangible Assets [Member]
 12 Months Ended
Dec. 31, 2017
Other Identifiable Intangible Assets Net

 

Customer lists and other identifiable intangible assets, net, which are amortized on a straight line basis and have an estimated useful life of 12 to 20 years, consisted of the following:

 

(in thousands)

 

December 31, 2017

 

 

January 1, 2017

 

Customer lists and other identifiable intangible assets at cost

 

$

25,288

 

 

$

15,938

 

Less: Accumulated amortization

 

 

6,968

 

 

 

5,511

 

Customer lists and other identifiable intangible assets, net

 

$

18,320

 

 

$

10,427

 

 
Reconciliation of Activity for Other Identifiable Intangible Assets Net

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

 

 

 

Fiscal Year

 

(in thousands)

 

2017

 

 

2016

 

Beginning balance - customer lists and other identifiable intangible assets, net

 

$

10,427

 

 

$

6,662

 

System Transformation Transactions acquisitions(1)

 

 

9,200

 

 

 

4,600

 

Measurement period adjustment(2)

 

 

150

 

 

 

-

 

Additional accumulated amortization

 

 

(1,457

)

 

 

(835

)

Ending balance - customer lists and other identifiable intangible assets, net

 

$

18,320

 

 

$

10,427

 

 

(1) System Transformation Transactions acquisitions includes an increase of $0.5 million in 2017 from the opening balance sheets for the Expansion Territories and Expansion Facilities acquired in the System Transformation during 2017, as disclosed in the financial statements in the Company’s filed periodic reports. These adjustments are for post-closing adjustments made in accordance with the applicable asset purchase agreement or asset exchange agreement for each System Transformation Transaction. The adjustments to amortization expense associated with these measurement period adjustments were not material to the consolidated financial statements.

(2) Measurement period adjustment relates to post-closing adjustments made in accordance with the terms and conditions of the September 2016 Distribution APA and the September 2016 Manufacturing APA for the October 2016 Transactions. The adjustments to amortization expense associated with this measurement period adjustment were not material to the consolidated financial statements.