Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2016

Goodwill And Intangible Assets Disclosure [Abstract]

Note 5 – Goodwill and Other Intangible Assets

Changes in the carrying amount of goodwill were as follows:

	Food
(In thousands)	Distribution		Retail			Total
Balance at January 3, 2015:
Goodwill	$	131,348	$	252,532		$	383,880
Accumulated impairment charges		—		(86,600	)		(86,600	)
Goodwill, net		131,348		165,932			297,280

Acquisition (Dan's)		1,019		24,603			25,622

Balance at January 2, 2016:
Goodwill		132,367		277,135			409,502
Accumulated impairment charges		—		(86,600	)		(86,600	)
Goodwill, net		132,367		190,535			322,902

Other (Note 6)		—		(216	)		(216	)

Balance at December 31, 2016:
Goodwill		132,367		276,919			409,286
Accumulated impairment charges		—		(86,600	)		(86,600	)
Goodwill, net	$	132,367	$	190,319		$	322,686

The following table reflects the components of amortized intangible assets, included in “Other assets, net” on the consolidated balance sheets:

	December 31, 2016				January 2, 2016
	Gross				Gross
	Carrying		Accumulated		Carrying		Accumulated
(In thousands)	Amount		Amortization		Amount		Amortization
Non-compete agreements	$	1,244	$	978	$	1,306	$	725
Favorable leases		8,744		3,807		8,744		3,248
Pharmacy customer prescription lists		7,168		3,445		7,887		3,441
Customer relationships		17,633		2,187		17,542		1,308
Trade names		1,068		236		1,068		86
Franchise fees and other		929		270		559		205
Total	$	36,786	$	10,923	$	37,106	$	9,013

The weighted average amortization periods for amortizable intangible assets as of December 31, 2016 are as follows:

Non-compete agreements

5.0 years

Favorable leases

15.7 years

Pharmacy customer prescription lists

7.4 years

Customer relationships

20.0 years

Trade names

7.0 years

Franchise fees and other

9.2 years

Amortization expense for intangible assets was $3.0 million, $3.3 million and $3.7 million for the fiscal years ended December 31, 2016, January 2, 2016 and January 3, 2015, respectively.

Estimated amortization expense for each of the five succeeding fiscal years is as follows:

	Fiscal Year
(In thousands)	2017		2018		2019		2020		2021
Amortization expense	$	2,835	$	2,607	$	2,489	$	2,115	$	1,394

Indefinite-lived intangible assets that are not amortized, consisting primarily of trade names and licenses for the sale of alcoholic beverages, totaled $34.3 million and $35.1 million as of December 31, 2016 and January 2, 2016, respectively.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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