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Goodwill and Intangible Assets - (Tables)
12 Months Ended
Dec. 28, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Change in carrying value of goodwill and intangible assets
The change in the carrying value of goodwill and intangible assets during the
fifty-two
weeks ended December 28, 2019 and December 29, 2018 were as follows:
                 
 
Fifty-two
weeks ended
 
 
December 28,
 
 
December 29,
 
 
2019
 
 
2018
 
 
(
in thousands)
 
Goodwill as of beginning of period
  $
3,683
    $
  3,683
 
Acquired goodwill
   
108,846
     
—  
 
Impairment of goodwill
   
—  
     
—  
 
                 
Goodwill as of end of period
  $
  112,529
    $
3,683
 
                 
 
 
 
 
Schedule of intangible assets
The Company’s intangible assets as of December 28, 2019 and December 29, 2018 were as follows:
                                                         
 
 
 
As of December 28, 2019
   
As of December 29, 2018
 
 
Estimated
 
Useful
 
 
Gross
 
Carrying
 
 
Accumulated
 
 
Net Book
 
 
Gross
 
Carrying
 
 
Accumulated
 
 
Net
 
Book
 
 
Life (Years)
 
 
Value
 
 
Amortization
 
 
Value
 
 
Value
 
 
Amortization
 
 
Value
 
 
 
 
 
(
in thou
sands)
 
 
(
in thou
sands)
 
Customer
Relationships
   
15
    $
3,800
    $
(127
)   $
3,673
    $
—  
    $
  —  
    $
—  
 
Trade Names
   
Indefinite
     
100,599
     
—  
     
100,599
     
2,099
     
—  
     
2,099
 
                                                         
Total intangible assets
   
    $
  104,399
    $
(127
)   $
 
104,272
    $
  2,099
    $
—  
    $
  2,099
 
                                                         
 
 
 
 
Schedule of amortization expense The Company expects to record amortization expense as follows over the five subsequent years:
         
Fiscal Year
 
Amount
(in th
ousands)
 
2020
   
253
 
2021
   
253
 
2022
   
253
 
2023
   
253
 
2024
   
253