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Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Jan. 02, 2021

Goodwill And Intangible Assets Disclosure [Abstract]

Summary of Goodwill and Other Intangible Assets

The table below summarizes our goodwill and other intangible assets at January 2, 2021 and December 28, 2019, respectively, each of which is explained in additional detail below (amounts in thousands):

		January 2, 2021				December 28, 2019
Goodwill		$	545,244			$	545,244
Amortizable intangible assets, net of amortization			587,818				623,107
Indefinite-lived intangible assets			127,100				127,100
Total goodwill and other intangible assets		$	1,260,162			$	1,295,451

Carrying Amount of Goodwill

The changes in the carrying amount of goodwill during Fiscal 2019 and Fiscal 2020, are as follows (amounts in thousands):

		Total
Balance as of December 29, 2018		$	545,379
Change in goodwill related to acquisition			(135	)
Balance as of December 28, 2019		$	545,244
Change in goodwill related to acquisition			—
Balance as of January 2, 2021		$	545,244

Amortizable Intangible Assets

As of January 2, 2021 and December 28, 2019, the company had the following amounts related to amortizable intangible assets (amounts in thousands):

		January 2, 2021												December 28, 2019
Asset		Cost				Accumulated Amortization				Net Value				Cost				Accumulated Amortization				Net Value
Trademarks		$	466,915			$	64,426			$	402,489			$	477,193			$	55,746			$	421,447
Customer relationships			318,021				135,068				182,953				318,021				117,836				200,185
Non-compete agreements			5,154				5,034				120				5,154				4,954				200
Distributor relationships			4,123				3,123				1,000				4,123				2,848				1,275
Distributor routes held and used			1,377				121				1,256				—				—				—
Total		$	795,590			$	207,772			$	587,818			$	804,491			$	181,384			$	623,107

Amortization Expense

Amortization expense

Amortization expense for Fiscal 2020, 2019, and 2018 was as follows (amounts in thousands):

		Amortization expense
Fiscal 2020		$	30,704
Fiscal 2019		$	29,323
Fiscal 2018		$	25,892

Estimated Amortization of Intangibles

Estimated amortization of intangibles for Fiscal 2021 and the next four years thereafter is as follows (amounts in thousands):

Fiscal year		Amortization of Intangibles
2021		$	29,799
2022		$	29,250
2023		$	28,369
2024		$	27,674
2025		$	26,962

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