Goodwill and Other Intangibles, Net

12 Months Ended

Dec. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Note 3 – Goodwill and Other Intangibles, Net

The changes in the carrying amount of goodwill for the years ended December 30, 2017 and December 31, 2016 were as follows:

			Health Care Distribution		Technology and Value-Added Services		Total
Balance as of December 26, 2015			$	1,742,022	$	165,571	$	1,907,593
	Adjustments to goodwill:
		Acquisitions		116,640		29,165		145,805
		Foreign currency translation		(27,127)		(6,531)		(33,658)
Balance as of December 31, 2016				1,831,535		188,205		2,019,740
	Adjustments to goodwill:
		Acquisitions		216,144		8,736		224,880
		Foreign currency translation		48,915		7,796		56,711
Balance as of December 30, 2017			$	2,096,594	$	204,737	$	2,301,331

Other intangible assets consisted of the following:


	December 30, 2017						December 31, 2016
			Accumulated						Accumulated
	Cost		Amortization		Net		Cost		Amortization		Net
Non-compete agreements	$	41,758	$	(9,539)	$	32,219	$	40,783	$	(6,927)	$	33,856
Trademarks / trade names - definite lived		151,918		(76,497)		75,421		136,211		(55,124)		81,087
Trademarks / trade names - indefinite lived		-		-		-		2,848		-		2,848
Customer relationships and lists		851,339		(355,327)		496,012		713,437		(288,417)		425,020
Other		136,540		(70,551)		65,989		134,254		(55,885)		78,369
Total	$	1,181,555	$	(511,914)	$	669,641	$	1,027,533	$	(406,353)	$	621,180

Non-compete agreements represent amounts paid primarily to key employees and prior owners of acquired businesses, as well as certain sales persons, in exchange for placing restrictions on their ability to pose a competitive risk to us. Such amounts are amortized, on a straight-line basis over the respective non-compete period, which generally commences upon termination of employment or separation from us. The weighted-average non-compete period for agreements currently being amortized was approximately 4.7 years as of December 30, 2017.

Trademarks, trade names, customer lists and customer relationships were established through business acquisitions. Definite-lived trademarks and trade names are amortized on a straight-line basis over a weighted-average period of approximately 7.9 years as of December 30, 2017. Customer relationships and customer lists are definite-lived intangible assets that are amortized on a straight-line basis over a weighted-average period of approximately 10.8 years as of December 30, 2017.

Amortization expense related to definite-lived intangible assets for the years ended December 30, 2017, December 31, 2016 and December 26, 2015 was $116.5 million, $98.2 million and $92.9 million. The annual amortization expense expected to be recorded for existing intangibles assets for the years 2018 through 2022 is $119.5 million, $111.3 million, $102.4 million, $90.4 million and $65.2 million.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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