Goodwill and Intangible Assets

12 Months Ended

Dec. 30, 2017

Goodwill And Intangible Assets Disclosure [Abstract]

6. Goodwill and Intangible Assets

Goodwill

Goodwill included the following:

(in thousands)	December 30, 2017		December 31, 2016
Balance at beginning of period	$	28,146	$	28,146
Goodwill acquired		37,853		-
Balance at end of period	$	65,999	$	28,146

Intangible Assets

Intangible assets, subject to amortization, included the following:

			December 30, 2017						December 31, 2016
(in thousands)	Weighted Average Amortization Period		Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Intangible assets subject to amortization
Tradenames		14.8	$	5,600	$	62	$	5,538	$	-	$	-	$	-
Customer relationships		8.9		17,049		772		16,277		2,000		358		1,642
Technology		14.0		367		24		343		-		-		-
Total			$	23,016	$	858	$	22,158	$	2,000	$	358	$	1,642

Amortization expense was $0.5 million in fiscal 2017 and $0.1 million in each of fiscal 2016 and fiscal 2015. Included in the table below is $2.1 million of annual amortization expense related to the acquisition of MAS. The estimated future amortization expense for intangible assets is summarized as follows:

(in thousands)
2018	$	2,113
2019		2,113
2020		2,113
2021		2,113
2022		2,113
Thereafter		11,593
Total	$	22,158

- 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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