GOODWILL AND OTHER INTANGIBLES

12 Months Ended

Jan. 02, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

7. GOODWILL AND OTHER INTANGIBLES

The carrying amount of goodwill and other intangibles are as follows:


	January 2, 2016
	Weighted Avg. Useful Life (In yrs.)		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortizable intangibles
Formulas		10	$	10,307	$	6,784	$	3,523
Trade name and trademarks		12		106,092		36,263		69,829
Non-compete		4		2,309		1,220		1,089
Customer relationships		14		270,610		133,035		137,575

				389,318		177,302		212,016
Indefinite-lived intangibles
Trade name and trademarks				27,175		—		27,175
Water and sewer usage permits				2,919		—		2,919

				419,412		177,302		242,110
Goodwill				299,708		—		299,708

			$	719,120	$	177,302	$	541,818


	January 3, 2015
	Weighted Avg. Useful Life (In yrs.)		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortizable intangibles
Formulas		10	$	10,307	$	5,766	$	4,541
Trade name and trademarks		10		87,892		28,378		59,514
Non-compete		5		1,209		978		231
Customer relationships		14		239,410		110,472		128,938

				338,818		145,594		193,224
Indefinite-lived intangibles
Trade name and trademarks				27,175		—		27,175
Water and sewer usage permits				2,919		—		2,919

				368,912		145,594		223,318
Goodwill				275,262		—		275,262

			$	644,174	$	145,594	$	498,580

Amortization expense related to other intangibles was $31,708, $29,823 and $30,597 for fiscal 2015, fiscal 2014 and fiscal 2013, respectively.

At January 2, 2016, expected future amortization expense for other intangibles was as follows:


Fiscal Year	Amortization Expense
2016	$	31,001
2017		29,028
2018		26,481
2019		22,992
2020		21,495
Thereafter		81,019

	$	212,016

The carrying amounts of goodwill by segment (there was no goodwill associated with the Industrial segment) are as follows:


	Foodservice		Retail		Convenience		Total
Balance at December 28, 2013 and January 3, 2015	$	187,136	$	46,236	$	41,890	$	275,262
Fiscal 2015 acquisitions		1,272		11,462		11,712		24,446

Balance at January 2, 2016	$	188,408	$	57,698	$	53,602	$	299,708

There were no accumulated goodwill impairment losses.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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