GOODWILL AND INTANGIBLE ASSETS

6 Months Ended

Jul. 03, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

GOODWILL AND INTANGIBLE ASSETS

The changes in the carrying value of goodwill by reportable segment for the six months ended July 3, 2022 are as follows:

	North America Confectionery		North America Salty Snacks		International		Total
Balance at December 31, 2021	$	2,026,006	$	589,798	$	17,370	$	2,633,174
Measurement period adjustments (see Note 2)	—		(14,070)		—		(14,070)
Foreign currency translation	(2,196)		—		(411)		(2,607)
Balance at July 3, 2022	$	2,023,810	$	575,728	$	16,959	$	2,616,497

The following table provides the gross carrying amount and accumulated amortization for each major class of intangible asset:

	July 3, 2022				December 31, 2021
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Intangible assets subject to amortization:
Trademarks	$	1,703,938	$	(166,207)	$	1,705,390	$	(141,760)
Customer-related	514,807		(79,641)		504,667		(65,131)
Patents	8,458		(8,458)		8,623		(8,623)
Total	2,227,203		(254,306)		2,218,680		(215,514)
Intangible assets not subject to amortization:
Trademarks	34,851				34,422
Total other intangible assets	$	2,007,748			$	2,037,588

Total amortization expense for the three months ended July 3, 2022 and July 4, 2021 was $20,060 and $11,635, respectively. Total amortization expense for the six months ended July 3, 2022 and July 4, 2021 was $39,918 and $23,256, respectively. In 2022, our amortization expense increased as a result of our 2021 business combination activity (see Note 2).