GOODWILL AND INTANGIBLE ASSETS, NET (Tables)

6 Months Ended

Jul. 03, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

A rollforward of goodwill is as follows:

(in thousands)
Balance as of January 2, 2022	$	915,438
RW Garcia acquisition adjustment	52
Balance as of July 3, 2022	$	915,490

Schedule of Indefinite-Lived Intangible Assets

Intangible assets, net, consisted of the following:

(in thousands)	As of July 3, 2022		As of January 2, 2022
Subject to amortization:
Distributor/customer relationships	$	677,930	$	677,930
Technology	—		43
Trademarks	63,850		63,850
Master distribution rights	—		2,221
Amortizable assets, gross	741,780		744,044
Accumulated amortization	(63,903)		(45,224)
Amortizable assets, net	677,877		698,820
Not subject to amortization:
Trade names	434,513		434,513
Route assets	7,764		9,176
Intangible assets, net	$	1,120,154	$	1,142,509