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Acquisition (Tables) - Canyon Bakehouse LLC | 9 Months Ended
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Oct. 05, 2019
Summary of Consideration Paid Based on the Fair Value at the Acquisition Date | The following table summarizes the consideration paid for Canyon based on the fair value at the acquisition date (amounts in thousands):
Fair Value of consideration transferred: |  |  |  |
Cash consideration paid |  | $ | 200,208 |
Working capital adjustments |  |  | 314 |
Contingent consideration |  |  | 4,700 |
Total consideration |  | $ | 205,222 |
Recognized amounts of identifiable assets acquired and liabilities assumed: |  |  |  |
Property, plant, and equipment |  | $ | 42,165 |
Identifiable intangible assets |  |  | 78,380 |
Financial assets |  |  | 4,211 |
Net recognized amounts of identifiable assets acquired |  |  | 124,756 |
Goodwill |  | $ | 80,466 |
Schedule of Intangible Assets Subject to Amortization | The following table presents the acquired intangible assets subject to amortization (amounts in thousands, except amortization periods):
| Total |  |  | Weighted average amortization years |  |  | Attribution Method
Trademarks | $ | 41,700 |  |  |  | 40.0 |  |  | Straight-line
Customer relationships |  | 36,400 |  |  |  | 25.0 |  |  | Sum of year digits
Noncompete agreements |  | 280 |  |  |  | 1.7 |  |  | Straight-line
Total intangible assets | $ | 78,380 |  |  |  | 32.9 |  |  |

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- Definition Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472 + Details
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