XML 28 R14.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Intangible Assets | 12 Months Ended
--- | ---
Dec. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets | INTANGIBLE ASSETS The Company performed its annual goodwill impairment test during the third quarter of 2023. 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 2023 and 2022. The Company also performed its annual indefinite-lived intangible asset impairment test during the third quarter of 2023. 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 2023 and 2022. The changes in the carrying amount of goodwill are as follows:
| December 30, 2023 |  | December 31, 2022
Balance at beginning of year: |  |  |
Gross goodwill | $ | 17,368 |  |  | $ | 17,668 |
Goodwill as of beginning of year | 17,368 |  |  | 17,668 |
Goodwill acquired during the year | — |  |  | 582 |
Currency translation adjustment | (266) |  |  | (882) |
Balance as of end of year |  |  |
Gross goodwill | 17,102 |  |  | 17,368 |
Goodwill as of end of year | $ | 17,102 |  |  | $ | 17,368 |
Intangible assets consist of the following:
| As of December 30, 2023 |  |
| Gross carrying amount |  | Accumulated amortization |  | Net carrying amount |  | Weighted-average amortization period (years)
Amortized intangible assets |  |  |  |  |  |  |
Trade name and trademarks | $ | 2,285 |  |  | $ | (343) |  |  | $ | 1,942 |  |  | 10
Product formulas | 8,480 |  |  | (8,426) |  |  | 54 |  |  | 8
Customer relationships | 3,314 |  |  | (1,243) |  |  | 2,071 |  |  | 4
Non-compete agreements | 467 |  |  | (184) |  |  | 283 |  |  | 4
Indefinite-lived intangible assets |  |  |  |  |  |  |
Direct selling license | 25,569 |  |  |  |  | 25,569 |  |  |
| $ | 40,115 |  |  |  |  | $ | 29,919 |  |  |
Estimated Amortization Expense: |  |
2024 |  | $ | 1,223 |
2025 |  | 1,154 |
2026 |  | 692 |
2027 |  | 253 |
2028 |  | 229 |
Thereafter |  | 799 |
|  | $ | 4,350 |
| As of December 31, 2022 |  |
| Gross carrying amount |  | Accumulated amortization |  | Net carrying amount |  | Weighted-average amortization period (years)
Amortized intangible assets |  |  |  |  |  |  |
Trade name and trademarks | $ | 2,285 |  |  | $ | (114) |  |  | $ | 2,171 |  |  | 10
Product formulas | 8,701 |  |  | (7,983) |  |  | 718 |  |  | 8
Customer relationships | 3,313 |  |  | (414) |  |  | 2,899 |  |  | 4
Non-compete agreements | 467 |  |  | (61) |  |  | 406 |  |  | 4
Indefinite-lived intangible assets |  |  |  |  |  |  |
Direct selling license | 26,238 |  |  |  |  | 26,238 |  |  |
| $ | 41,004 |  |  |  |  | $ | 32,432 |  |  |
Aggregate amortization of intangible assets was $1,835, $1,723, and $1,182 for the years ended 2023, 2022, and 2021, respectively.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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