Goodwill and Other Intangible Assets (Tables)

4 Months Ended

Apr. 18, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

Summary of Goodwill and Other Intangible Assets

The table below summarizes our goodwill and other intangible assets at April 18, 2020 and December 28, 2019, respectively, each of which is explained in additional detail below (amounts in thousands):

	April 18, 2020		December 28, 2019
Goodwill	$	545,244	$	545,244
Amortizable intangible assets, net of amortization		613,565		623,107
Indefinite-lived intangible assets		127,100		127,100
Total goodwill and other intangible assets	$	1,285,909	$	1,295,451

Amortizable Intangible Assets

As of April 18, 2020 and December 28, 2019, respectively, the company had the following amounts related to amortizable intangible assets (amounts in thousands):

	April 18, 2020						December 28, 2019
Asset	Cost		Accumulated Amortization		Net Value		Cost		Accumulated Amortization		Net Value
Trademarks	$	477,193	$	59,809	$	417,384	$	477,193	$	55,746	$	421,447
Customer relationships		318,021		123,206		194,815		318,021		117,836		200,185
Non-compete agreements		5,154		4,978		176		5,154		4,954		200
Distributor relationships		4,123		2,933		1,190		4,123		2,848		1,275
Total	$	804,491	$	190,926	$	613,565	$	804,491	$	181,384	$	623,107

Aggregate Amortization Expense

Aggregate amortization expense for the sixteen weeks ended April 18, 2020 and April 20, 2019 was as follows (amounts in thousands):

	Amortization Expense
For the sixteen weeks ended April 18, 2020	$	9,542
For the sixteen weeks ended April 20, 2019	$	9,023

Estimated Amortization of Intangibles

Estimated amortization of intangibles for each of the next five years is as follows (amounts in thousands):

	Amortization of Intangibles
Remainder of 2020	$	21,250
2021	$	30,148
2022	$	29,599
2023	$	28,718
2024	$	28,022