XML 25 R13.htm IDEA: XBRL DOCUMENT
v3.19.2

Goodwill and Other Intangible Assets | 6 Months Ended
--- | ---
Jul. 13, 2019
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Note 5 – Goodwill and Other Intangible Assets The Company has three reporting units; however, no goodwill exists within the Military or Retail reporting units. Changes in the carrying amount of goodwill within the Food Distribution reporting unit were as follows:
(In thousands) | Goodwill |
Balance at December 29, 2018 | $ |  | 178,648 |
Acquisitions (Note 8) |  |  | 2,387 |
Balance at July 13, 2019 | $ |  | 181,035 |
The Company reviews goodwill and other indefinite-lived intangible assets for impairment annually, during the fourth quarter of each year, and more frequently if circumstances indicate a risk of impairment. Testing goodwill and other indefinite-lived intangible assets for impairment requires management to make significant estimates about the Company’s future performance, cash flows, and other assumptions that can be affected by potential changes in economic, industry or market conditions, business operations, competition, or the Company’s stock price and market capitalization. Beginning at the end of the first quarter and into the second quarter of 2019 the decline in the Company’s stock price substantially decreased market capitalization, and the decline became sustained during the second quarter. The Company recognized this event as an indicator of impairment and performed an interim goodwill impairment test during the second quarter. As a result of the test, the Company concluded that the fair value of the Food Distribution reporting unit was substantially in excess of its carrying value. The Company has indefinite-lived intangible assets that are not amortized, consisting primarily of indefinite-lived trade names and licenses for the sale of alcoholic beverages. Changes in the carrying amount of indefinite-lived intangible assets were as follows:
(In thousands) | Indefinite-lived Intangible Assets |
Balance at December 29, 2018 | $ |  | 69,746 |
Acquisitions (Note 4) |  |  | 17,478 |
Disposals |  |  | (50 | )
Impairment (Note 6) |  |  | (13,966 | )
Balance at July 13, 2019 | $ |  | 73,208 |

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 -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration