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Note G - Intangible Assets | 12 Months Ended
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Jan. 02, 2021
Notes to Financial Statements |
Goodwill and Intangible Assets Disclosure [Text Block] | NOTE G—INTANGIBLE ASSETS The Company performed its annual goodwill impairment test during the third quarter of 2020. The Company performed a qualitative assessment of each reporting unit and determined that it 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 2020. The Company also performed its annual indefinite-lived intangible asset impairment test during the third quarter of 2020. The Company performed a qualitative assessment of the indefinite-lived intangible assets and determined that it 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 2020. The changes in the carrying amount of goodwill are as follows:
|  | January 2, |  |  | December 28, |
|  | 2021 |  |  | 2019 |
Balance at beginning of year: |  |  |  |  |  |  |  |
Gross goodwill |  | $ | 16,636 |  |  | $ | 16,815 |
Goodwill as of beginning of year |  |  | 16,636 |  |  |  | 16,815 |
Currency translation adjustment |  |  | 731 |  |  |  | (179 | )
Balance as of end of year |  |  |  |  |  |  |  |
Gross goodwill |  |  | 17,367 |  |  |  | 16,636 |
Goodwill as of end of year |  | $ | 17,367 |  |  | $ | 16,636 |
Intangible assets consists of the following:
|  | As of January 2, 2021 |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  | Weighted-average |
|  | Gross carrying |  |  | Accumulated |  |  | Net carrying |  |  | amortization |
|  | amount |  |  | amortization |  |  | amount |  |  | period (years) |
Amortized intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade name and trademarks |  | $ | 4,062 |  |  | $ | (4,062 | ) |  | $ | 0 |  |  |  | 10 |
Product formulas |  |  | 9,188 |  |  |  | (6,096 | ) |  |  | 3,092 |  |  |  | 8 |
Indefinite-lived intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct sales license |  |  | 27,704 |  |  |  |  |  |  |  | 27,704 |  |  |  |  |
|  | $ | 40,954 |  |  |  |  |  |  | $ | 30,796 |  |  |  |  |
Estimated Amortization Expense: |  |  |  |
2021 |  | $ | 1,167 |
2022 |  |  | 1,167 |
2023 |  |  | 700 |
2024 |  |  | 47 |
2025 |  |  | 11 |
|  | $ | 3,092 |
|  | As of December 28, 2019 |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  | Weighted-average |
|  | Gross carrying |  |  | Accumulated |  |  | Net carrying |  |  | amortization |
|  | amount |  |  | amortization |  |  | amount |  |  | period (years) |
Amortized intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade name and trademarks |  | $ | 3,791 |  |  | $ | (3,548 | ) |  | $ | 243 |  |  |  | 10 |
Product formulas |  |  | 8,360 |  |  |  | (4,621 | ) |  |  | 3,739 |  |  |  | 8 |
Indefinite-lived intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct sales license |  |  | 25,858 |  |  |  |  |  |  |  | 25,858 |  |  |  |  |
|  | $ | 38,009 |  |  |  |  |  |  | $ | 29,840 |  |  |  |  |
Aggregate amortization of intangible assets was $1,326, $1,442, and $1,505, for the years ended 2020, 2019, 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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