Goodwill and Other Intangible Assets
9 Months Ended
Sep. 28, 2012
Goodwill and Other Intangible Assets [Abstract]  
Goodwill and Other Intangible Assets

Note 9 – Goodwill and Other Intangible Assets

The changes in the carrying amount of goodwill are presented as follows:

 

         

Carrying amount as of December 24, 2010

  $  11,479  

Goodwill acquired during the year

    9,111  
   

 

 

 

Carrying amount as of December 30, 2011

    20,590  

Goodwill acquired during the year

    22,629  
   

 

 

 

Carrying amount as of September 28, 2012

  $ 43,219  
   

 

 

 

Other intangible assets consist of customer relationships being amortized over a period ranging from 6 to 13 years, trademarks being amortized over a period ranging from 1 to 20 years, and non-compete agreements being amortized over a period of 5 to 6 years. Other intangible assets were comprised of the following at September 28, 2012 and December 30, 2011:

 

                         
    Gross
Carrying
Amount
    Accumulated
Amortization
    Net
Amount
 

September 28, 2012

                       

Customer Relationships

  $ 21,159     $ (1,061 )    $ 20,098  

Non-Compete Agreements

    3,071       (133 )      2,938  

Trademarks

    14,393       (264 )      14,129  
   

 

 

   

 

 

   

 

 

 

Total

  $ 38,623     $ (1,458 )    $ 37,165  
   

 

 

   

 

 

   

 

 

 

December 30, 2011

                       

Customer Relationships

  $ 5,231     $ (391 )    $ 4,840  

Trademarks

    300       (25 )      275  
   

 

 

   

 

 

   

 

 

 

Total

  $ 5,531     $ (416 )    $ 5,115  
   

 

 

   

 

 

   

 

 

 

Amortization expense for other intangibles was $593 and $94 for the 13 weeks ended September 28, 2012 and September 23, 2011, respectively and $1,042 and $151 for the 39 weeks ended September 28, 2012 and September 23, 2011, respectively.

Estimated amortization expense for other intangibles for the twelve months ended December 28, 2012 and each of the next four fiscal years and thereafter is as follows:

 

         

2012

  $ 1,928  

2013

    3,446  

2014

    3,306  

2015

    3,303  

2016

    3,298  

Thereafter

    22,924  
   

 

 

 

Total

  $ 38,205