GOODWILL AND OTHER INTANGIBLE ASSETS

12 Months Ended

Dec. 26, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill represents the excess of the purchase price over the fair value of net tangible and identifiable intangible assets of acquired businesses. Goodwill and intangible assets deemed to have indefinite lives are not amortized, but are subject to impairment tests at least annually in accordance with ASC 350, Intangibles-Goodwill and Other. We review the carrying amounts of goodwill and other non-amortizable intangibles by reporting unit to determine if such assets may be impaired. As the carrying amount of these assets are recoverable based upon a discounted cash flow and market approach analysis, no impairment was recognized.

The changes in the net carrying amount of goodwill by reporting segment for the years ended December 26, 2015 and December 27, 2014, are as follows (in thousands):



	North			South	West			All Other			Total
Balance as of December 28, 2013	44,983			43,625	62,176			9,362			160,146
Acquisitions	—			—	22,916			—			22,916
Balance as of December 27, 2014	44,983			43,625	85,092			9,362			183,062
2015 Acquisitions	—			—	789			618			1,407
2014 Final Purchase Accounting	—			—	(1,328		)	—			(1,328		)
Other	(1,730		)	—	—			(421		)	(2,151		)
Balance as of December 26, 2015	$	43,253		43,625	$	84,553		$	9,559		$	180,990

Indefinite-lived intangible assets totaled $2.3 million as of December 26, 2015 and December 27, 2014 related to the Consumer Products segment.

The following amounts were included in other amortizable intangible assets, net as of December 26, 2015 and December 27, 2014 (in thousands):



	2015					2014
	Assets		Accumulated Amortization			Assets		Accumulated Amortization
Non-compete agreements	$	5,496	$	(1,725	)	$	2,917	$	(1,019	)
Customer relationships	19,194		(10,140		)	9,480		(8,027		)
Licensing agreements	4,589		(2,524		)	4,589		(2,065		)
Patents	3,563		(3,096		)	3,464		(2,860		)
Total	$	32,842	$	(17,485	)	$	20,450	$	(13,971	)

Amortization is computed principally by the straight-line method over the estimated useful lives of the intangible assets as follows:



Non-compete agreements	5 to 15 years
Customer relationship	5 to 15 years
Licensing agreements	10 years

Amortization expense of intangibles totaled $3.5 million, $2.4 million and $2.5 million in 2015, 2014 and 2013, respectively. The estimated amortization expense for intangibles for each of the five succeeding fiscal years is as follows (in thousands):



2016	$	2,373
2017	2,070
2018	1,812
2019	1,528
2020	1,117
Thereafter	6,457
Total	$	15,357

- 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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