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Goodwill and Intangible Assets | 12 Months Ended
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Dec. 26, 2020
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets |
H. | Goodwill and Intangible Assets
The change in the carrying value of goodwill and intangible assets during the fifty-two weeks ended December 26, 2020 and December 28, 2019 were as follows:
|  | Fifty-two weeks ended |
|  | December 26, |  |  | December 28, |
|  | 2020 |  |  | 2019 |
|  | (in thousands) |
Goodwill as of beginning of period |  | $ | 112,529 |  |  | $ | 3,683 |
Acquired goodwill |  |  | — |  |  |  | 108,846 |
Impairment of goodwill |  |  | — |  |  |  | — |
Goodwill as of end of period |  | $ | 112,529 |  |  | $ | 112,529 |
The $108.8 million of goodwill acquired during the fifty-two weeks ended December 28, 2019 is related to the Dogfish Head Transaction disclosed in Note C. No impairment of existing goodwill was recorded in any period. The Company’s intangible assets as of December 26, 2020 and December 28, 2019 were as follows:
|  |  |  |  |  | As of December 26, 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) |  |  | (in thousands) |
Customer Relationships |  |  | 15 |  |  | $ | 3,800 |  |  | $ | (380 | ) |  | $ | 3,420 |  |  | $ | 3,800 |  |  | $ | (127 | ) |  | $ | 3,673 |
Trade Names |  | Indefinite |  |  |  | 100,510 |  |  |  | — |  |  |  | 100,510 |  |  |  | 100,599 |  |  |  | — |  |  |  | 100,599 |
Total intangible assets |  |  |  |  |  | $ | 104,310 |  |  | $ | (380 | ) |  | $ | 103,930 |  |  | $ | 104,399 |  |  | $ | (127 | ) |  | $ | 104,272 |
During the fifty-two weeks ended December 28, 2019, the Company acquired intangible assets as part of the Dogfish Head Transaction disclosed in Note C, 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 asset will be amortized on a straight-line basis over the 15-year useful life. Amortization expense in the fifty-two weeks ended December 26, 2020 was approximately $253,000. The Company expects to record amortization expense as follows over the five subsequent years:
Fiscal Year |  | Amount |
|  | (in thousands) |
2021 |  | $ | 253 |
2022 |  |  | 253 |
2023 |  |  | 253 |
2024 |  |  | 253 |
2025 |  |  | 253 |

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- 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
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