XML 26 R15.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Goodwill and Other Intangible Assets | 6 Months Ended
--- | ---
Jul. 14, 2018
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | 7. GOODWILL AND OTHER INTANGIBLE ASSETS The table below summarizes our goodwill and other intangible assets at July 14, 2018 and December 30, 2017, respectively, each of which is explained in additional detail below (amounts in thousands):
|  | July 14, 2018 |  |  | December 30, 2017 |
Goodwill |  | $ | 464,777 |  |  | $ | 464,777 |
Amortizable intangible assets, net of amortization |  |  | 521,900 |  |  |  | 535,842 |
Indefinite-lived intangible assets |  |  | 206,600 |  |  |  | 206,600 |
Total goodwill and other intangible assets |  | $ | 1,193,277 |  |  | $ | 1,207,219 |
There were no changes in the carrying amount of goodwill during the twenty-eight weeks ended July 14, 2018. As of July 14, 2018 and December 30, 2017, respectively, the company had the following amounts related to amortizable intangible assets (amounts in thousands):
|  | July 14, 2018 |  |  | December 30, 2017 |
Asset |  | Cost |  |  | Accumulated Amortization |  |  | Net Value |  |  | Cost |  |  | Accumulated Amortization |  |  | Net Value |
Trademarks |  | $ | 371,392 |  |  | $ | 40,098 |  |  | $ | 331,294 |  |  | $ | 371,392 |  |  | $ | 34,716 |  |  | $ | 336,676 |
Customer relationships |  |  | 281,621 |  |  |  | 92,693 |  |  |  | 188,928 |  |  |  | 281,621 |  |  |  | 84,280 |  |  |  | 197,341 |
Non-compete agreements |  |  | 4,874 |  |  |  | 4,874 |  |  |  | — |  |  |  | 4,874 |  |  |  | 4,874 |  |  |  | — |
Distributor relationships |  |  | 4,123 |  |  |  | 2,445 |  |  |  | 1,678 |  |  |  | 4,123 |  |  |  | 2,298 |  |  |  | 1,825 |
Total |  | $ | 662,010 |  |  | $ | 140,110 |  |  | $ | 521,900 |  |  | $ | 662,010 |  |  | $ | 126,168 |  |  | $ | 535,842 |
Aggregate amortization expense for the twelve and twenty-eight weeks ended July 14, 2018 and July 15, 2017 was as follows (amounts in thousands):
|  | Amortization Expense |
For the twelve weeks ended July 14, 2018 |  | $ | 5,975 |
For the twelve weeks ended July 15, 2017 |  | $ | 6,416 |
For the twenty-eight weeks ended July 14, 2018 |  | $ | 13,942 |
For the twenty-eight weeks ended July 15, 2017 |  | $ | 14,971 |
Estimated amortization of intangibles for each of the next five years is as follows (amounts in thousands):
|  | Amortization of Intangibles |
Remainder of 2018 |  | $ | 11,847 |
2019 |  | $ | 25,288 |
2020 |  | $ | 24,795 |
2021 |  | $ | 24,234 |
2022 |  | $ | 23,643 |
There were $206.6 million of indefinite-lived intangible trademark assets separately identified from goodwill at July 14, 2018 and December 30, 2017. 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.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration