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Goodwill and Intangible Assets
12 Months Ended
Dec. 28, 2019
Goodwill and Intangible Assets  
Goodwill and Intangible Assets

5.           Goodwill and Intangible Assets

The changes in the carrying amount of goodwill for fiscal 2019 and fiscal 2018 are as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Accumulated

    

 

 

 

 

Goodwill,

 

impairment

 

Goodwill,

 

 

gross

 

losses

 

net

Balance at December 29, 2018

 

$

164,625

 

$

(76,417)

 

$

88,208

Effect of foreign currency translation

 

 

296

 

 

 —

 

 

296

Balance at December 28, 2019

 

$

164,921

 

$

(76,417)

 

$

88,504

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Accumulated

    

 

 

 

 

Goodwill,

 

impairment

 

Goodwill,

 

 

gross

 

losses

 

net

Balance at December 30, 2017

 

$

165,417

 

$

(76,417)

 

$

89,000

Effect of foreign currency translation

 

 

(792)

 

 

 —

 

 

(792)

Balance at December 29, 2018

 

$

164,625

 

$

(76,417)

 

$

88,208

 

Intangible assets that are separable from goodwill and have determinable useful lives are valued separately and amortized over their expected useful lives. There were no impairment losses related to intangible assets during fiscal 2019 or fiscal 2018. There were impairment losses of $0.5 million related to intangible assets during fiscal 2017.

The components of acquired identifiable intangible assets are as follows (in thousands):

 

 

 

 

 

 

 

 

 

    

December 28,

    

December 29,

 

 

2019

 

2018

Non-competition agreements, net of accumulated amortization of $205 and $544, respectively

 

$

119

 

$

180

Customer relationships, net of accumulated amortization of $5,763 and $4,454, respectively

 

 

6,357

 

 

7,666

Total, net of accumulated amortization of $5,968 and $4,998, respectively

 

$

6,476

 

$

7,846

 

Amortization expense related to intangible assets was $1.4 million, $1.4 million, and $1.5 million in fiscal 2019, fiscal 2018, and fiscal 2017, respectively. Amortization of intangible assets held at December 28, 2019 for the next five fiscal years and thereafter is expected to be as follows (in thousands):

 

 

 

 

 

 

    

Amortization

Fiscal Year

 

Expense

2020

 

$

1,368

2021

 

 

927

2022

 

 

827

2023

 

 

822

2024

 

 

822

Thereafter

 

 

1,710

 

 

$

6,476