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Intangible Assets | 12 Months Ended
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Dec. 29, 2018
Intangible Assets [Abstract] |
Intangible Assets | NOTE G – INTANGIBLE ASSETS ﻿ The Company performed its annual goodwill impairment test during the third quarter of 2018. The Company performed a qualitative assessment of each reporting unit and determined that is was not more-likely-than-not that the fair value of any reporting unit was less than its carrying amount. As a result, no impairments of goodwill were recognized in 2018. ﻿ The Company also performed its annual indefinite-lived intangible asset impairment test during the third quarter of 2018. The Company performed a qualitative assessment of the indefinite-lived intangible assets and determined that is was not more-likely-than-not that the fair value of any indefinite-lived intangible asset was less than the carrying amount. As a result, no impairments of indefinite-lived intangible assets were recognized in 2018. ﻿ The changes in the carrying amount of goodwill are as follows: ﻿ ﻿
﻿ |  |  |  |  |
﻿ |  |  |  |  |
﻿ |  | December 30, |  | December 29, |
﻿ |  | 2017 |  | 2018 |
﻿ |  |  |  |  |
﻿Balance at beginning of year: |  |  |  |  |
﻿Gross goodwill |  | $ 16,715 |  | $ 17,417 |
﻿Accumulated impairment losses |  | - |  | - |
﻿Net goodwill as of beginning of year |  | 16,715 |  | 17,417 |
﻿ |  |  |  |  |
﻿Goodwill acquired during the year |  | - |  | - |
﻿Impairment loss |  | - |  | - |
﻿Currency translation adjustment |  | 702 |  | (602) |
﻿ |  |  |  |  |
﻿Balance as of end of year |  |  |  |  |
﻿Gross goodwill |  | 17,417 |  | 16,815 |
﻿Accumulated impairment losses |  | - |  | - |
﻿Net goodwill as of end of year |  | $ 17,417 |  | $ 16,815 |
﻿ |  |  |  |  |
NOTE G – INTANGIBLE ASSETS – CONTINUED ﻿ Intangible assets consists of the following: ﻿ ﻿
﻿ |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |
﻿ |  | As of December 30, 2017 |  |
﻿ |  |  |  |  |  |  |  | Weighted-average
﻿ |  | Gross carrying |  | Accumulated |  | Net carrying |  | amortization
﻿ |  | amount |  | amortization |  | amount |  | period (years)
﻿ |  |  |  |  |  |  |  |
﻿Amortized intangible assets |  |  |  |  |  |  |  |
﻿Trade name and trademarks |  | $ 4,080 |  | $ (3,010) |  | $ 1,070 |  | 10
﻿Product formulas |  | 8,998 |  | (2,744) |  | 6,254 |  | 8
﻿ |  |  |  |  |  |  |  |
﻿Indefinite-lived intangible assets |  |  |  |  |  |  |  |
﻿Direct sales license |  | 27,830 |  |  |  | 27,830 |  |
﻿ |  |  |  |  |  |  |  |
﻿ |  | $ 40,908 |  |  |  | $ 35,154 |  |
﻿ |  |  |  |  |  |  |  |
﻿ ﻿
﻿ |  |  |  |  |  |  |  |
﻿ |  | As of December 29, 2018 |  |
﻿ |  |  |  |  |  |  |  | Weighted-average
﻿ |  | Gross carrying |  | Accumulated |  | Net carrying |  | amortization
﻿ |  | amount |  | amortization |  | amount |  | period (years)
﻿ |  |  |  |  |  |  |  |
﻿Amortized intangible assets |  |  |  |  |  |  |  |
﻿Trade name and trademarks |  | $ 3,858 |  | $ (3,226) |  | $ 632 |  | 10
﻿Product formulas |  | 8,506 |  | (3,637) |  | 4,869 |  | 8
﻿ |  |  |  |  |  |  |  |
﻿Indefinite-lived intangible assets |  |  |  |  |  |  |  |
﻿Direct sales license |  | 26,310 |  |  |  | 26,310 |  |
﻿ |  |  |  |  |  |  |  |
﻿ |  | $ 38,674 |  |  |  | $ 31,811 |  |
﻿ |  |  |  |  |  |  |  |
﻿Estimated Amortization Expense: |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |
﻿2019 |  | $ 1,449 |  |  |  |  |  |
﻿2020 |  | 1,301 |  |  |  |  |  |
﻿2021 |  | 1,063 |  |  |  |  |  |
﻿2022 |  | 1,063 |  |  |  |  |  |
﻿2023 |  | 625 |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |
﻿ |  | $ 5,501 |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |
Aggregate amortization of intangible assets was $1,500, $1,480, and $1,505, for the years ended 2016, 2017, and 2018, respectively.

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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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