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Goodwill, Customer Relationships, Finite-Lived and Indefinite-Lived Trademarks, and Other Intangible Assets (Tables)
 4 Months Ended
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