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Goodwill, Customer Relationships, Finite-Lived and Indefinite-Lived Trademarks, and Other Intangible Assets (Tables) | 4 Months Ended
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Apr. 19, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Summary of Changes in Carrying Amount of Goodwill | The changes in the carrying amount of goodwill during the sixteen weeks ended April 19, 2025, during which time we completed the acquisition of Simple Mills, are as follows (amounts in thousands):
|  | Total |
Balance as of December 28, 2024 |  | $ | 679,896 |
Acquisition (see Note 5, Acquisition) |  |  | 386,887 |
Balance as of April 19, 2025 |  | $ | 1,066,783 |
Amortizable Intangible Assets | As of April 19, 2025 and December 28, 2024, respectively, the company had the following amounts related to amortizable intangible assets (amounts in thousands):
|  | April 19, 2025 |  |  | December 28, 2024 |
Asset |  | Cost |  |  | Accumulated Amortization |  |  | Net Value |  |  | Cost |  |  | Accumulated Amortization |  |  | Net Value |
Trademarks |  | $ | 481,715 |  |  | $ | 127,002 |  |  | $ | 354,713 |  |  | $ | 481,715 |  |  | $ | 122,432 |  |  | $ | 359,283 |
Customer relationships |  |  | 513,321 |  |  |  | 206,505 |  |  |  | 306,816 |  |  |  | 340,221 |  |  |  | 200,549 |  |  |  | 139,672 |
Non-compete agreements |  |  | 5,454 |  |  |  | 5,304 |  |  |  | 150 |  |  |  | 5,454 |  |  |  | 5,281 |  |  |  | 173 |
Distributor relationships |  |  | 4,123 |  |  |  | 4,014 |  |  |  | 109 |  |  |  | 4,123 |  |  |  | 3,982 |  |  |  | 141 |
Total |  | $ | 1,004,613 |  |  | $ | 342,825 |  |  | $ | 661,788 |  |  | $ | 831,513 |  |  | $ | 332,244 |  |  | $ | 499,269 |
Aggregate Amortization Expense | Aggregate amortization expense for the sixteen weeks ended April 19, 2025 and April 20, 2024 was as follows (amounts in thousands):
|  | Amortization Expense |
For the sixteen weeks ended April 19, 2025 |  | $ | 10,581 |
For the sixteen weeks ended April 20, 2024 |  | $ | 9,716 |
Estimated Amortization of Intangibles | Estimated amortization of intangibles for each of the next five years is as follows (amounts in thousands):
|  | Amortization of Intangibles |
Remainder of 2025 |  | $ | 30,435 |
2026 |  | $ | 41,797 |
2027 |  | $ | 39,614 |
2028 |  | $ | 37,452 |
2029 |  | $ | 34,719 |

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