Distribution Agreements, Net

6 Months Ended

Jun. 30, 2019

Distribution Agreements [Member]

Other Identifiable Intangible Assets Net

11.Distribution Agreements, Net

Distribution agreements, net, which are amortized on a straight-line basis and have an estimated useful life of 10 to 40 years, consisted of the following:

(in thousands)	June 30, 2019			December 30, 2018
Distribution agreements at cost	$	950,549		$	950,559
Less: Accumulated amortization		(62,311	)		(50,176	)
Distribution agreements, net	$	888,238		$	900,383

A reconciliation of the activity for distribution agreements, net for the first half of 2019 and the first half of 2018 is as follows:

	First Half
(in thousands)	2019			2018
Beginning balance - distribution agreements, net	$	900,383		$	913,352
Other distribution agreements		(10	)		-
Measurement period adjustment(1)		-			5,100
Additional accumulated amortization		(12,135	)		(11,856	)
Ending balance - distribution agreements, net	$	888,238		$	906,596

^{(1) Measurement period adjustment relates to post-closing adjustments made in accordance with the terms and conditions of the applicable asset purchase agreement for distribution territories acquired by the Company in October 2017 as part of the System Transformation. All final post-closing adjustments for this transaction were completed during 2018.}