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Goodwill and Other Intangible Assets | 4 Months Ended
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Apr. 18, 2020
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 April 18, 2020 and December 28, 2019, respectively, each of which is explained in additional detail below (amounts in thousands):
|  | April 18, 2020 |  |  | December 28, 2019 |
Goodwill |  | $ | 545,244 |  |  | $ | 545,244 |
Amortizable intangible assets, net of amortization |  |  | 613,565 |  |  |  | 623,107 |
Indefinite-lived intangible assets |  |  | 127,100 |  |  |  | 127,100 |
Total goodwill and other intangible assets |  | $ | 1,285,909 |  |  | $ | 1,295,451 |
As of April 18, 2020 and December 28, 2019, respectively, the company had the following amounts related to amortizable intangible assets (amounts in thousands):
|  | April 18, 2020 |  |  | December 28, 2019 |
Asset |  | Cost |  |  | Accumulated Amortization |  |  | Net Value |  |  | Cost |  |  | Accumulated Amortization |  |  | Net Value |
Trademarks |  | $ | 477,193 |  |  | $ | 59,809 |  |  | $ | 417,384 |  |  | $ | 477,193 |  |  | $ | 55,746 |  |  | $ | 421,447 |
Customer relationships |  |  | 318,021 |  |  |  | 123,206 |  |  |  | 194,815 |  |  |  | 318,021 |  |  |  | 117,836 |  |  |  | 200,185 |
Non-compete agreements |  |  | 5,154 |  |  |  | 4,978 |  |  |  | 176 |  |  |  | 5,154 |  |  |  | 4,954 |  |  |  | 200 |
Distributor relationships |  |  | 4,123 |  |  |  | 2,933 |  |  |  | 1,190 |  |  |  | 4,123 |  |  |  | 2,848 |  |  |  | 1,275 |
Total |  | $ | 804,491 |  |  | $ | 190,926 |  |  | $ | 613,565 |  |  | $ | 804,491 |  |  | $ | 181,384 |  |  | $ | 623,107 |
Aggregate amortization expense for the sixteen weeks ended April 18, 2020 and April 20, 2019 was as follows (amounts in thousands):
|  | Amortization Expense |
For the sixteen weeks ended April 18, 2020 |  | $ | 9,542 |
For the sixteen weeks ended April 20, 2019 |  | $ | 9,023 |
Estimated amortization of intangibles for each of the next five years is as follows (amounts in thousands):
|  | Amortization of Intangibles |
Remainder of 2020 |  | $ | 21,250 |
2021 |  | $ | 30,148 |
2022 |  | $ | 29,599 |
2023 |  | $ | 28,718 |
2024 |  | $ | 28,022 |
There were $127.1 million of indefinite-lived intangible trademark assets separately identified from goodwill at April 18, 2020 and December 28, 2019. 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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