Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jul. 16, 2022

Goodwill And Intangible Assets Disclosure [Abstract]

Schedule of Changes in carrying amount of goodwill

The Company has three reportable segments; however, no goodwill exists within the Military segment. Changes in the carrying amount of goodwill were as follows:

(In thousands)	Food Distribution		Retail		Total
Balance at January 1, 2022	$	181,035	$	—	$	181,035
Acquisitions		—		1,125		1,125
Balance at July 16, 2022	$	181,035	$	1,125	$	182,160

The Company acquired goodwill within the Retail segment of $1.1 million related to an immaterial acquisition during the 12 weeks ended July 16, 2022.

The Company has indefinite-lived intangible assets that are not amortized, consisting primarily of indefinite-lived trade names and liquor licenses. The carrying amount of indefinite-lived intangible assets was $67.6 million as of July 16, 2022 and January 1, 2022.

The Company reviews goodwill and other indefinite-lived intangible assets for impairment annually, during the fourth quarter of each year, and more frequently if circumstances indicate impairment is probable. Such circumstances have not arisen in the current fiscal year. Testing goodwill and other indefinite-lived intangible assets for impairment requires management to make significant estimates about the Company’s future performance, cash flows, and other assumptions that can be affected by potential changes in economic, industry or market conditions, business operations, competition, or the Company’s stock price and market capitalization.