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Goodwill and Other Intangible Assets | 6 Months Ended
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Jul. 15, 2017
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | 6. GOODWILL AND OTHER INTANGIBLE ASSETS The table below summarizes our goodwill and other intangible assets at July 15, 2017 and December 31, 2016, respectively, each of which is explained in additional detail below (amounts in thousands):
|  | July 15, 2017 |  |  | December 31, 2016 |
Goodwill |  | $ | 464,777 |  |  | $ | 465,578 |
Amortizable intangible assets, net of amortization |  |  | 577,993 |  |  |  | 592,964 |
Indefinite-lived intangible assets |  |  | 243,000 |  |  |  | 243,000 |
Total goodwill and other intangible assets |  | $ | 1,285,770 |  |  | $ | 1,301,542 |
The changes in the carrying amount of goodwill, by segment, during the twenty-eight weeks ended July 15, 2017, were as follows (amounts in thousands):
|  | DSD Segment |  |  | Warehouse Segment |  |  | Total |
Outstanding at December 31, 2016 |  | $ | 424,563 |  |  | $ | 41,015 |  |  | $ | 465,578 |
Change in goodwill related to divestiture |  |  | — |  |  |  | (801 | ) |  |  | (801 | )
Outstanding at July 15, 2017 |  | $ | 424,563 |  |  | $ | 40,214 |  |  | $ | 464,777 |
As of July 15, 2017 and December 31, 2016, respectively, the company had the following amounts related to amortizable intangible assets (amounts in thousands):
|  | July 15, 2017 |  |  | December 31, 2016 |
Asset |  | Cost |  |  | Accumulated Amortization |  |  | Net Value |  |  | Cost |  |  | Accumulated Amortization |  |  | Net Value |
Trademarks |  | $ | 402,327 |  |  | $ | 31,112 |  |  | $ | 371,215 |  |  | $ | 402,327 |  |  | $ | 25,129 |  |  | $ | 377,198 |
Customer relationships |  |  | 281,621 |  |  |  | 76,841 |  |  |  | 204,780 |  |  |  | 281,621 |  |  |  | 68,163 |  |  |  | 213,458 |
Non-compete agreements |  |  | 4,874 |  |  |  | 4,828 |  |  |  | 46 |  |  |  | 4,874 |  |  |  | 4,666 |  |  |  | 208 |
Distributor relationships |  |  | 4,123 |  |  |  | 2,171 |  |  |  | 1,952 |  |  |  | 4,123 |  |  |  | 2,023 |  |  |  | 2,100 |
Total |  | $ | 692,945 |  |  | $ | 114,952 |  |  | $ | 577,993 |  |  | $ | 692,945 |  |  | $ | 99,981 |  |  | $ | 592,964 |
Aggregate amortization expense for the twelve and twenty-eight weeks ended July 15, 2017 and July 16, 2016 was as follows (amounts in thousands):
|  | Amortization Expense |
For the twelve weeks ended July 15, 2017 |  | $ | 6,416 |
For the twelve weeks ended July 16, 2016 |  | $ | 5,740 |
For the twenty-eight weeks ended July 15, 2017 |  | $ | 14,971 |
For the twenty-eight weeks ended July 16, 2016 |  | $ | 13,393 |
Estimated amortization of intangibles for each of the next five years is as follows (amounts in thousands):
|  | Amortization of Intangibles |
Remainder of 2017 |  | $ | 12,645 |
2018 |  | $ | 26,917 |
2019 |  | $ | 26,425 |
2020 |  | $ | 25,933 |
2021 |  | $ | 25,364 |
There are $243.0 million of indefinite-lived intangible trademark assets separately identified from goodwill at July 15, 2017 and December 31, 2016, respectively. These trademarks are classified as indefinite-lived because we believe 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. We perform an annual impairment analysis, or on an interim basis if the facts and circumstances change, to determine if the trademarks are realizing their expected economic benefits. The company is currently undergoing an enterprise-wide business and operational review. The review is ongoing and includes a brand rationalization study that impacts certain trademarks’ future revenue projections. The review has not been fully finalized and the results of the review may impact future periods.

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- 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 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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