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Goodwill and Other Intangible Assets | 6 Months Ended
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Jul. 13, 2019
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 13, 2019 and December 29, 2018, respectively, each of which is explained in additional detail below (amounts in thousands):
|  | July 13, 2019 |  |  | December 29, 2018 |
Goodwill |  | $ | 545,244 |  |  | $ | 545,379 |
Amortizable intangible assets, net of amortization |  |  | 572,539 |  |  |  | 588,329 |
Indefinite-lived intangible assets |  |  | 206,600 |  |  |  | 206,600 |
Total goodwill and other intangible assets |  | $ | 1,324,383 |  |  | $ | 1,340,308 |
Changes in the carrying amount of goodwill during the twenty-eight weeks ended July 13, 2019 are presented in the table below and relate to the Canyon acquisition discussed in Note 5, Acquisition, of Notes to Condensed Consolidated Financial Statements of this Form 10-Q (amounts in thousands):
|  | Total |
Outstanding at December 29, 2018 |  | $ | 545,379 |
Change in goodwill related to acquisition |  |  | (135 | )
Outstanding at July 13, 2019 |  | $ | 545,244 |
As of July 13, 2019 and December 29, 2018, respectively, the company had the following amounts related to amortizable intangible assets (amounts in thousands):
|  | July 13, 2019 |  |  | December 29, 2018 |
Asset |  | Cost |  |  | Accumulated Amortization |  |  | Net Value |  |  | Cost |  |  | Accumulated Amortization |  |  | Net Value |
Trademarks |  | $ | 413,092 |  |  | $ | 50,653 |  |  | $ | 362,439 |  |  | $ | 413,092 |  |  | $ | 44,711 |  |  | $ | 368,381 |
Customer relationships |  |  | 318,021 |  |  |  | 109,560 |  |  |  | 208,461 |  |  |  | 318,021 |  |  |  | 99,904 |  |  |  | 218,117 |
Non-compete agreements |  |  | 5,154 |  |  |  | 4,917 |  |  |  | 237 |  |  |  | 5,154 |  |  |  | 4,874 |  |  |  | 280 |
Distributor relationships |  |  | 4,123 |  |  |  | 2,721 |  |  |  | 1,402 |  |  |  | 4,123 |  |  |  | 2,572 |  |  |  | 1,551 |
Total |  | $ | 740,390 |  |  | $ | 167,851 |  |  | $ | 572,539 |  |  | $ | 740,390 |  |  | $ | 152,061 |  |  | $ | 588,329 |
Aggregate amortization expense for the twelve and twenty-eight weeks ended July 13, 2019 and July 14, 2018 was as follows (amounts in thousands):
|  | Amortization Expense |
For the twelve weeks ended July 13, 2019 |  | $ | 6,767 |
For the twelve weeks ended July 14, 2018 |  | $ | 5,975 |
For the twenty-eight weeks ended July 13, 2019 |  | $ | 15,790 |
For the twenty-eight weeks ended July 14, 2018 |  | $ | 13,942 |
Estimated amortization of intangibles for each of the next five years is as follows (amounts in thousands):
|  | Amortization of Intangibles |
Remainder of 2019 |  | $ | 13,430 |
2020 |  | $ | 28,606 |
2021 |  | $ | 27,893 |
2022 |  | $ | 27,189 |
2023 |  | $ | 26,309 |
There were $206.6 million of indefinite-lived intangible trademark assets separately identified from goodwill at July 13, 2019 and December 29, 2018. These trademarks are classified as indefinite-lived because we believe they are well established brands 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.

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- 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
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