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Goodwill, Trademarks and Other Intangibles (Tables)
12 Months Ended
Dec. 31, 2016
Goodwill, Trademarks, and Other Intangible Assets  
Schedule of goodwill, trademarks and other intangibles, net

 

Goodwill, trademarks and other intangibles, net, consisted of the following as of December 31, 2016 and December 26, 2015 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Estimated

    

December 31,

    

December 26,

 

 

 

Useful Life

 

2016

 

2015

 

Goodwill:

 

 

 

 

 

 

 

 

 

Inventure Foods

 

 

 

$

5,986

 

$

5,986

 

Rader Farms

 

 

 

 

5,630

 

 

5,630

 

Willamette Valley Fruit Company

 

 

 

 

3,147

 

 

3,147

 

Fresh Frozen Foods

 

 

 

 

 —

 

 

8,301

 

Sin In A Tin

 

 

 

 

222

 

 

222

 

Goodwill

 

 

 

$

14,985

 

$

23,286

 

 

 

 

 

 

 

 

 

 

 

Trademarks:

 

 

 

 

 

 

 

 

 

Inventure Foods

 

 

 

$

896

 

$

896

 

Rader Farms

 

 

 

 

1,070

 

 

1,070

 

Willamette Valley Fruit Company

 

 

 

 

740

 

 

740

 

Fresh Frozen Foods

 

 

 

 

2,330

 

 

9,475

 

Sin In A Tin

 

 

 

 

123

 

 

123

 

 

 

 

 

 

 

 

 

 

 

Other intangibles:

 

 

 

 

 

 

 

 

 

Rader Farms - Customer relationship, gross carrying amount

 

10 years

 

 

100

 

 

100

 

Rader Farms - Customer relationship, accum. amortization

 

 

 

 

(96)

 

 

(86)

 

Willamette Valley Fruit Company - Customer relationship, gross carrying amount

 

10 years

 

 

3,200

 

 

3,200

 

Willamette Valley Fruit Company - Customer relationship, accum. amortization

 

 

 

 

(1,120)

 

 

(800)

 

Trademarks and other intangibles, net

 

 

 

$

7,243

 

$

14,718

 

 

Schedule of expected amortization expense on intangible assets

As of December 31, 2016, we expect amortization expense on these intangible assets over the next five years to be as follows (in thousands):

 

 

 

 

 

 

 

 

    

Amortization

 

 Years Ending, 

 

Expense

 

2017

 

$

324

 

2018

 

 

320

 

2019

 

 

320

 

2020

 

 

320

 

2021

 

 

320

 

Thereafter

 

 

480

 

Total

 

$

2,084