v3.25.2
Goodwill, Customer Relationships, Finite-Lived and Indefinite-Lived Trademarks, and Other Intangible Assets (Tables)
 6 Months Ended
Jul. 12, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill during the twenty-eight weeks ended July 12, 2025, during which time we completed the acquisition of Simple Mills, are as follows (amounts in thousands):

 

 

 

Total

 

Balance as of December 28, 2024

 

$

679,896

 

Acquisition (see Note 5, Acquisition)

 

 

367,859

 

Balance as of July 12, 2025

 

$

1,047,755

 
Amortizable Intangible Assets

As of July 12, 2025 and December 28, 2024, respectively, the company had the following amounts related to amortizable intangible assets (amounts in thousands):

 

 

 

July 12, 2025

 

 

December 28, 2024

 

Asset

 

Cost

 

 

Accumulated
Amortization

 

 

Net
Value

 

 

Cost

 

 

Accumulated
Amortization

 

 

Net
Value

 

Trademarks

 

$

481,715

 

 

$

130,429

 

 

$

351,286

 

 

$

481,715

 

 

$

122,432

 

 

$

359,283

 

Customer relationships

 

 

518,021

 

 

 

212,698

 

 

 

305,323

 

 

 

340,221

 

 

 

200,549

 

 

 

139,672

 

Non-compete agreements

 

 

5,454

 

 

 

5,321

 

 

 

133

 

 

 

5,454

 

 

 

5,281

 

 

 

173

 

Distributor relationships

 

 

4,123

 

 

 

4,037

 

 

 

86

 

 

 

4,123

 

 

 

3,982

 

 

 

141

 

Total

 

$

1,009,313

 

 

$

352,485

 

 

$

656,828

 

 

$

831,513

 

 

$

332,244

 

 

$

499,269

 
Aggregate Amortization Expense

Aggregate amortization expense for the twelve and twenty-eight weeks ended July 12, 2025 and July 13, 2024 was as follows (amounts in thousands):

 

 

 

Amortization
Expense

 

For the twelve weeks ended July 12, 2025

 

$

9,660

 

For the twelve weeks ended July 13, 2024

 

$

7,263

 

For the twenty-eight weeks ended July 12, 2025

 

$

20,241

 

For the twenty-eight weeks ended July 13, 2024

 

$

16,979

 

 
Estimated Amortization of Intangibles

Estimated amortization of intangibles for each of the next five years is as follows (amounts in thousands):

 

 

 

Amortization of
Intangibles

 

Remainder of 2025

 

$

19,422

 

2026

 

$

39,350

 

2027

 

$

37,699

 

2028

 

$

36,071

 

2029

 

$

33,870