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Goodwill and Intangible Assets - (Tables)
6 Months Ended
Jun. 27, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of intangible assets
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
 
   
 
 
 
                                               
Schedule of amortization expense 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