Customer Lists and Other Identifiable Intangible Assets, Net

12 Months Ended

Dec. 29, 2019

Customer Lists and Other Identifiable Intangible Assets [Member]

Other Identifiable Intangible Assets Net

13. Customer Lists and 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 five to 12 years, consisted of the following:

(in thousands)	December 29, 2019		December 30, 2018
Customer lists and other identifiable intangible assets at cost	$	25,288	$	25,288
Less: Accumulated amortization		10,645		8,806
Customer lists and other identifiable intangible assets, net	$	14,643	$	16,482

Assuming no impairment of customer lists and other identifiable intangible assets, net, amortization expense in future years based upon recorded amounts as of December 29, 2019 will be approximately $1.8 million for each fiscal year 2020 through 2024.