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Goodwill, Customer Relationships, Finite-Lived and Indefinite-Lived Trademarks, and Other Intangible Assets (Tables)
 9 Months Ended
Oct. 04, 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 forty weeks ended October 4, 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)

 

 

367,879

 

Balance as of October 4, 2025

 

$

1,047,775

 
Amortizable Intangible Assets

As of October 4, 2025 and December 28, 2024, respectively, the company had the following amounts related to amortizable intangible assets (amounts in thousands):

 

 

 

October 4, 2025

 

 

December 28, 2024

 

Asset

 

Cost

 

 

Accumulated
Amortization

 

 

Net
Value

 

 

Cost

 

 

Accumulated
Amortization

 

 

Net
Value

 

Trademarks

 

$

481,715

 

 

$

133,857

 

 

$

347,858

 

 

$

481,715

 

 

$

122,432

 

 

$

359,283

 

Customer relationships

 

 

518,021

 

 

 

218,997

 

 

 

299,024

 

 

 

340,221

 

 

 

200,549

 

 

 

139,672

 

Non-compete agreements

 

 

5,454

 

 

 

5,339

 

 

 

115

 

 

 

5,454

 

 

 

5,281

 

 

 

173

 

Distributor relationships

 

 

4,123

 

 

 

4,061

 

 

 

62

 

 

 

4,123

 

 

 

3,982

 

 

 

141

 

Total

 

$

1,009,313

 

 

$

362,254

 

 

$

647,059

 

 

$

831,513

 

 

$

332,244

 

 

$

499,269

 

 
Aggregate Amortization Expense

Aggregate amortization expense for the twelve and forty weeks ended October 4, 2025 and October 5, 2024 was as follows (amounts in thousands):

 

 

 

Amortization
Expense

 

For the twelve weeks ended October 4, 2025

 

$

9,769

 

For the twelve weeks ended October 5, 2024

 

$

7,218

 

For the forty weeks ended October 4, 2025

 

$

30,010

 

For the forty weeks ended October 5, 2024

 

$

24,197

 
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

 

$

9,625

 

2026

 

$

39,350

 

2027

 

$

37,699

 

2028

 

$

36,071

 

2029

 

$

33,870