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INTANGIBLE ASSETS AND GOODWILL (Tables)
6 Months Ended
Jul. 01, 2018
INTANGIBLE ASSETS AND GOODWILL  
Schedule of intangible assets and goodwill

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

Amortization

 

July 1,

 

(in thousands)

 

2017

 

Expense

 

2018

 

Intangible assets subject to amortization

 

$

839,284

 

$

 —

 

$

839,284

 

Accumulated amortization

 

 

(761,013)

 

 

(23,963)

 

 

(784,976)

 

 

 

 

78,271

 

 

(23,963)

 

 

54,308

 

Mastheads

 

 

149,951

 

 

 —

 

 

149,951

 

Goodwill

 

 

705,174

 

 

 —

 

 

705,174

 

Total

 

$

933,396

 

$

(23,963)

 

$

909,433

 

 

Summary of amortization expense with respect to intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarters Ended

 

Six Months Ended

 

 

    

July 1,

    

June 25,

 

July 1,

 

June 25,

 

(in thousands)

 

2018

 

2017

 

2018

 

2017

 

Amortization expense

 

 $

11,927

 

 $

12,093

 

 $

23,963

 

 $

24,176

 

 

Amortization expense for the five succeeding fiscal years

The estimated amortization expense for the remainder of fiscal year 2018 and the five succeeding fiscal years is as follows: 

 

 

 

 

 

 

 

Amortization

 

 

Expense

Year

 

(in thousands)

2018 (Remainder)

 

$

23,697

2019

 

 

24,154

2020

 

 

803

2021

 

 

680

2022

 

 

655

2023

 

 

667