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Goodwill and Other Intangible Assets

9 Months Ended

Oct. 05, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

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 October 5, 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.

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)		17,632
Disposals		(50	)
Impairment (Note 6)		(13,966	)
Balance at October 5, 2019	$	73,362