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INTANGIBLE ASSETS AND GOODWILL (Tables)
3 Months Ended
Mar. 29, 2020
INTANGIBLE ASSETS AND GOODWILL  
Schedule of intangible assets and goodwill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 29,

 

Impairment

 

Amortization

 

March 29,

(in thousands)

    

2019

    

Charges

    

Expense

    

2020

Intangible assets subject to amortization

 

$

838,336

 

$

 —

 

$

 —

 

$

838,336

Accumulated amortization

 

 

(831,878)

 

 

 —

 

 

(224)

 

 

(832,102)

 

 

 

6,458

 

 

 —

 

 

(224)

 

 

6,234

Mastheads

 

 

62,795

 

 

(4,769)

 

 

 —

 

 

58,026

Goodwill

 

 

420,178

 

 

(58,993)

 

 

 —

 

 

361,185

Total

 

$

489,431

 

$

(63,762)

 

$

(224)

 

$

425,445

 

Summary of amortization expense with respect to intangible assets

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

March 29,

 

March 31,

(in thousands)

 

2020

 

2019

Amortization expense

 

 $

224

 

 $

11,801

 

Amortization expense for the five succeeding fiscal years

The estimated amortization expense for the remainder of fiscal year 2020 and the five succeeding fiscal years is as follows: 

 

 

 

 

 

 

 

Amortization

 

 

Expense

Year

 

(in thousands)

2020 (Remainder)

 

$

579

2021

 

 

680

2022

 

 

655

2023

 

 

667

2024

 

 

640

2025

 

 

363