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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Jan. 01, 2022
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 1, 2022 and January 2, 2021, respectively, each of which is explained in additional detail below (amounts in thousands):
|  | January 1, 2022 |  |  | January 2, 2021 |
Goodwill |  | $ | 545,244 |  |  | $ | 545,244 |
Amortizable intangible assets, net of amortization |  |  | 568,332 |  |  |  | 587,818 |
Indefinite-lived intangible assets |  |  | 127,100 |  |  |  | 127,100 |
Total goodwill and other intangible assets |  | $ | 1,240,676 |  |  | $ | 1,260,162 |
Amortizable Intangible Assets | As of January 1, 2022 and January 2, 2021, the company had the following amounts related to amortizable intangible assets (amounts in thousands):
|  | January 1, 2022 |  |  | January 2, 2021 |
Asset |  | Cost |  |  | Accumulated Amortization |  |  | Net Value |  |  | Cost |  |  | Accumulated Amortization |  |  | Net Value |
Trademarks |  | $ | 477,115 |  |  | $ | 78,124 |  |  | $ | 398,991 |  |  | $ | 466,915 |  |  | $ | 64,426 |  |  | $ | 402,489 |
Customer relationships |  |  | 318,021 |  |  |  | 151,496 |  |  |  | 166,525 |  |  |  | 318,021 |  |  |  | 135,068 |  |  |  | 182,953 |
Non-compete agreements |  |  | 5,154 |  |  |  | 5,074 |  |  |  | 80 |  |  |  | 5,154 |  |  |  | 5,034 |  |  |  | 120 |
Distributor relationships |  |  | 4,123 |  |  |  | 3,398 |  |  |  | 725 |  |  |  | 4,123 |  |  |  | 3,123 |  |  |  | 1,000 |
Distributor routes held and used |  |  | 2,548 |  |  |  | 537 |  |  |  | 2,011 |  |  |  | 1,377 |  |  |  | 121 |  |  |  | 1,256 |
Total |  | $ | 806,961 |  |  | $ | 238,629 |  |  | $ | 568,332 |  |  | $ | 795,590 |  |  | $ | 207,772 |  |  | $ | 587,818 |
Amortization Expense | Amortization expense Amortization expense for Fiscal 2021, 2020, and 2019 was as follows (amounts in thousands):
|  | Amortization expense |
Fiscal 2021 |  | $ | 30,857 |
Fiscal 2020 |  | $ | 30,704 |
Fiscal 2019 |  | $ | 29,323 |
Estimated Amortization of Intangibles | Estimated amortization of intangibles for Fiscal 2022 and the next four years thereafter is as follows (amounts in thousands):
Fiscal year |  | Amortization of Intangibles |
2022 |  | $ | 31,535 |
2023 |  | $ | 30,654 |
2024 |  | $ | 29,959 |
2025 |  | $ | 29,247 |
2026 |  | $ | 27,173 |

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