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Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Note 9. Goodwill and Other Intangible Assets The table below summarizes our goodwill and other intangible assets at December 31, 2022 and January 1, 2022, respectively, each of which is explained in additional detail below (amounts in thousands):
|  | December 31, 2022 |  |  | January 1, 2022 |
Goodwill |  | $ | 545,244 |  |  | $ | 545,244 |
Amortizable intangible assets, net of amortization |  |  | 537,281 |  |  |  | 568,332 |
Indefinite-lived intangible assets |  |  | 127,100 |  |  |  | 127,100 |
Total goodwill and other intangible assets |  | $ | 1,209,625 |  |  | $ | 1,240,676 |
Goodwill was no t impaired in Fiscal 2022, 2021, or 2020. As of December 31, 2022 and January 1, 2022, the company had the following amounts related to amortizable intangible assets (amounts in thousands):
|  | December 31, 2022 |  |  | January 1, 2022 |
Asset |  | Cost |  |  | Accumulated Amortization |  |  | Net Value |  |  | Cost |  |  | Accumulated Amortization |  |  | Net Value |
Trademarks |  | $ | 477,115 |  |  | $ | 92,763 |  |  | $ | 384,352 |  |  | $ | 477,115 |  |  | $ | 78,124 |  |  | $ | 398,991 |
Customer relationships |  |  | 318,021 |  |  |  | 167,688 |  |  |  | 150,333 |  |  |  | 318,021 |  |  |  | 151,496 |  |  |  | 166,525 |
Non-compete agreements |  |  | 5,154 |  |  |  | 5,114 |  |  |  | 40 |  |  |  | 5,154 |  |  |  | 5,074 |  |  |  | 80 |
Distributor relationships |  |  | 4,123 |  |  |  | 3,673 |  |  |  | 450 |  |  |  | 4,123 |  |  |  | 3,398 |  |  |  | 725 |
Distributor routes held and used |  |  | 3,249 |  |  |  | 1,143 |  |  |  | 2,106 |  |  |  | 2,548 |  |  |  | 537 |  |  |  | 2,011 |
Total |  | $ | 807,662 |  |  | $ | 270,381 |  |  | $ | 537,281 |  |  | $ | 806,961 |  |  | $ | 238,629 |  |  | $ | 568,332 |
The company acquired trademarks for $10.2 million during the second quarter of Fiscal 2021. These trademarks are being amortized over their estimated useful life. As of December 31, 2022 and January 1, 2022, there was $127.1 million of indefinite-lived intangible trademark assets separately identified from goodwill. These trademarks are classified as indefinite-lived because there is no foreseeable limit to the period over which the asset is expected to contribute to our cash flows. 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 assignment with an annual impairment analysis to determine if the trademarks are realizing their expected economic benefits. Fiscal 2020 restructuring and related impairment charges In order to optimize sales and production of our organic products, the company decided to cease using the Alpine Valley finite-lived trademark, resulting in a $4.6 million impairment charge in the second quarter of Fiscal 2020. In the fourth quarter of Fiscal 2020, an additional $1.3 million impairment charge was recognized at the time the company decided to cease using another one of its regional brands. These costs are recorded in the restructuring and related impairment charges line item on our Consolidated Statements of Income. Amortization expense Amortization expense for Fiscal 2022, 2021, and 2020 was as follows (amounts in thousands):
|  | Amortization expense |
Fiscal 2022 |  | $ | 31,752 |
Fiscal 2021 |  | $ | 30,857 |
Fiscal 2020 |  | $ | 30,704 |
Estimated amortization of intangibles for Fiscal 2023 and the next four years thereafter is as follows (amounts in thousands):
Fiscal year |  | Amortization of Intangibles |
2023 |  | $ | 30,794 |
2024 |  | $ | 30,098 |
2025 |  | $ | 29,385 |
2026 |  | $ | 27,303 |
2027 |  | $ | 25,583 |

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