XML 87 R13.htm IDEA: XBRL DOCUMENT
v2.4.0.8

GOODWILL AND OTHER INTANGIBLES | 9 Months Ended
--- | ---
Oct. 04, 2014
GOODWILL AND OTHER INTANGIBLES | 5. GOODWILL AND OTHER INTANGIBLES The table below summarizes our goodwill and other intangible assets at October 4, 2014 and December 28, 2013, respectively, each of which is explained in additional detail below (amounts in thousands):
|  | October 4, 2014 |  |  | December 28, 2013 |
Goodwill |  | $ | 282,960 |  |  | $ | 282,404 |
Amortizable intangible assets, net of amortization |  |  | 192,669 |  |  |  | 201,710 |
Indefinite-lived intangible assets |  |  | 455,000 |  |  |  | 455,000 |
Total goodwill and other intangible assets |  | $ | 930,629 |  |  | $ | 939,114 |
The changes in the carrying amount of goodwill, by segment, during the forty weeks ended October 4, 2014 are as follows (amounts in thousands):
|  | DSD Segment |  |  | Warehouse Segment |  |  | Total |
Balance as of December 28, 2013 |  | $ | 277,927 |  |  | $ | 4,477 |  |  | $ | 282,404 |
Goodwill impairment (Note 16) |  |  | (2,624 | ) |  |  | — |  |  |  | (2,624 | )
Change in goodwill due to acquisition fair value assessment (Note 4) |  |  | 3,180 |  |  |  | — |  |  |  | 3,180 |
Balance as of October 4, 2014 |  | $ | 278,483 |  |  | $ | 4,477 |  |  | $ | 282,960 |
The beginning segment goodwill balances have been recast by $2.6 million for a plant changed from the warehouse segment to the DSD segment during the first quarter of fiscal 2014. As of October 4, 2014 and December 28, 2013, the company had the following amounts related to amortizable intangible assets (amounts in thousands):
|  | October 4, 2014 |  |  | December 28, 2013 |
Asset |  | Cost |  |  | Accumulated Amortization |  |  | Net Value |  |  | Cost |  |  | Accumulated Amortization |  |  | Net Value |
Trademarks |  | $ | 71,727 |  |  | $ | 13,573 |  |  | $ | 58,154 |  |  | $ | 71,727 |  |  | $ | 11,697 |  |  | $ | 60,030 |
Customer relationships |  |  | 169,921 |  |  |  | 39,180 |  |  |  | 130,741 |  |  |  | 169,921 |  |  |  | 32,688 |  |  |  | 137,233 |
Non-compete agreements |  |  | 4,274 |  |  |  | 3,213 |  |  |  | 1,061 |  |  |  | 4,274 |  |  |  | 2,751 |  |  |  | 1,523 |
Distributor relationships |  |  | 4,123 |  |  |  | 1,410 |  |  |  | 2,713 |  |  |  | 4,123 |  |  |  | 1,199 |  |  |  | 2,924 |
Supply agreement |  |  | 1,050 |  |  |  | 1,050 |  |  |  | — |  |  |  | 1,050 |  |  |  | 1,050 |  |  |  | — |
Total |  | $ | 251,095 |  |  | $ | 58,426 |  |  | $ | 192,669 |  |  | $ | 251,095 |  |  | $ | 49,385 |  |  | $ | 201,710 |
Aggregate amortization expense for the twelve and forty weeks ending October 4, 2014 and October 5, 2013 were as follows (amounts in thousands):
|  | Amortization Expense |
For the twelve weeks ended October 4, 2014 |  | $ | 2,705 |
For the twelve weeks ended October 5, 2013 |  | $ | 2,772 |
For the forty weeks ended October 4, 2014 |  | $ | 9,041 |
For the forty weeks ended October 5, 2013 |  | $ | 9,059 |
There are $455.0 million of indefinite life intangible assets at October 4, 2014 and December 28, 2013. These assets are not being amortized and are separately identified from goodwill. These trademarks are classified as indefinite-lived because they are well established brands, many older than forty years old with a long history and well defined markets. In addition, we are continuing to use these brands both in their original markets and throughout our expansion territories. We believe these factors support an indefinite-life assignment. During the fourth quarter each year, we perform an annual impairment analysis to determine if the trademarks are realizing the expected economic benefits. In the event this analysis determines the fair value of the assets to be below carrying value an impairment charge would result. Estimated amortization of intangibles for each of the next five years is as follows (amounts in thousands):
|  | Amortization of Intangibles |
Remainder of 2014 |  | $ | 2,883 |
2015 |  | $ | 11,478 |
2016 |  | $ | 11,052 |
2017 |  | $ | 10,580 |
2018 |  | $ | 10,432 |

X
- 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16373-109275 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration