XML 35 R17.htm IDEA: XBRL DOCUMENT

Goodwill

12 Months Ended

Dec. 30, 2018

Goodwill And Intangible Assets Disclosure [Abstract]

A reconciliation of the activity for goodwill in 2018 and 2017 is as follows:

	Fiscal Year
(in thousands)	2018			2017
Beginning balance - goodwill	$	169,316		$	144,586
2017 System Transformation Transactions acquisitions⁽¹⁾		-			35,867
October 2017 Divestitures		-			(13,073	)
Measurement period adjustments⁽²⁾		(3,413	)		1,936
Ending balance - goodwill	$	165,903		$	169,316

⁽¹⁾

2017 System Transformation Transactions acquisitions includes an increase in goodwill of $7.4 million in 2017 from the opening balance sheets for the distribution territories and regional manufacturing 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 terms and conditions of the applicable asset purchase agreement or asset exchange agreement for each System Transformation Transaction.

⁽²⁾	Measurement period adjustments relate to post-closing adjustments made in accordance with the terms and conditions of the applicable asset purchase agreement or asset exchange agreement for each System Transformation Transaction.

The Company’s goodwill resides entirely within the Nonalcoholic Beverages segment. The Company performed its annual impairment test of goodwill as of the first day of the fourth quarter of 2018, 2017 and 2016 and determined there was no impairment of the carrying value of these assets.