XML 22 R10.htm IDEA: XBRL DOCUMENT
v3.20.2

Goodwill and Intangible Assets | 6 Months Ended
--- | ---
Jun. 27, 2020
Goodwill and Intangible Assets |
D. | Goodwill and Intangible Assets
There were no changes in the carrying value of goodwill during the thirteen or twenty-six weeks ended June 27, 2020 and June 29, 2019. The Company’s intangible assets as of June 27, 2020 and December 28, 2019 were as follows:
|  |  |  |  | As of June 27, 2020 |  |  | As of December 28, 2019 |
|  | Estimated Useful Life (Years) |  |  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Book Value |  |  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Book Value |
|  | (in thousands) |
Custmer Relationships |  |  | 15 |  |  | $ | 3,800 |  |  | $ | (253 | ) |  | $ | 3,547 |  |  | $ | 3,800 |  |  | $ | (127 | ) |  | $ | 3,673 |
Trade Names |  |  | Indefinite |  |  |  | 100,549 |  |  |  | — |  |  |  | 100,549 |  |  |  | 100,599 |  |  |  | — |  |  |  | 100,599 |
Total intangible assets |  |  |  |  |  | $ | 104,349 |  |  | $ | (253 | ) |  | $ | 104,096 |  |  | $ | 104,399 |  |  | $ | (127 | ) |  | $ | 104,272 |
As disclosed within Note C, the Company acquired intangible assets as part of the Dogfish Head t ransaction that consists of $98.5 million for the value of the Dogfish Head brand name and $3.8 million for the value of customer relationships. The customer relationship intangible will be amortized on a straight-line basis over the 15 year useful life. Amortization expense in the thirteen and twenty-six weeks ended June 27, 2020 was approximately $63,000 and $126,000, respectively. The Company expects to record amortization expense as follows over the remaining current year and the five subsequent years:
Fiscal Year |  | Amount (in thousands) |
Remainder of 2020 |  | $ | 127 |
2021 |  |  | 253 |
2022 |  |  | 253 |
2023 |  |  | 253 |
2024 |  |  | 253 |
2025 |  |  | 253 |

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration