| Summary of Other Intangible Assets |
Other intangible assets consisted of the following as of September 28, 2024 (in thousands, except weighted average remaining useful life):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted
Average
Remaining
Useful Life
(in Years) |
|
|
Gross
Carrying
Value |
|
|
Accumulated
Amortization |
|
|
Net
Carrying
Amount |
|
Trade name and trademarks (finite life) |
|
|
8.9 |
|
|
$ |
22,100 |
|
|
$ |
(5,355 |
) |
|
$ |
16,745 |
|
Trade name and trademarks (indefinite life) |
|
Indefinite |
|
|
|
9,350 |
|
|
|
— |
|
|
|
9,350 |
|
Non-compete agreements |
|
|
4.4 |
|
|
|
2,260 |
|
|
|
(1,368 |
) |
|
|
892 |
|
Consumer relationships |
|
|
6.6 |
|
|
|
15,400 |
|
|
|
(8,038 |
) |
|
|
7,362 |
|
Other intangibles |
|
|
4.1 |
|
|
|
4,000 |
|
|
|
(3,920 |
) |
|
|
80 |
|
Total |
|
|
|
|
$ |
53,110 |
|
|
$ |
(18,681 |
) |
|
$ |
34,429 |
|
Other intangible assets consisted of the following as of September 30, 2023 (in thousands, except weighted average remaining useful life):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted
Average
Remaining
Useful Life
(in Years) |
|
|
Gross
Carrying
Value |
|
|
Accumulated
Amortization |
|
|
Net
Carrying
Amount |
|
Trade name and trademarks (finite life) |
|
|
9.8 |
|
|
$ |
26,740 |
|
|
$ |
(7,958 |
) |
|
$ |
18,782 |
|
Trade name and trademarks (indefinite life) |
|
Indefinite |
|
|
|
9,350 |
|
|
|
— |
|
|
|
9,350 |
|
Non-compete agreements |
|
|
5.4 |
|
|
|
8,683 |
|
|
|
(7,585 |
) |
|
|
1,098 |
|
Consumer relationships |
|
|
7.4 |
|
|
|
24,100 |
|
|
|
(15,317 |
) |
|
|
8,783 |
|
Other intangibles |
|
|
5.1 |
|
|
|
6,620 |
|
|
|
(6,476 |
) |
|
|
144 |
|
Total |
|
|
|
|
$ |
75,493 |
|
|
$ |
(37,336 |
) |
|
$ |
38,157 |
|
Other intangible assets consisted of the following as of October 1, 2022 (in thousands, except weighted average remaining useful life):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted
Average
Remaining
Useful Life
(in Years) |
|
|
Gross
Carrying
Value |
|
|
Accumulated
Amortization |
|
|
Net
Carrying
Amount |
|
Trade name and trademarks (finite life) |
|
|
11.0 |
|
|
$ |
24,440 |
|
|
$ |
(5,907 |
) |
|
$ |
18,533 |
|
Trade name and trademarks (indefinite life) |
|
Indefinite |
|
|
|
9,350 |
|
|
|
— |
|
|
|
9,350 |
|
Non-compete agreements |
|
|
6.5 |
|
|
|
8,683 |
|
|
|
(7,379 |
) |
|
|
1,304 |
|
Consumer relationships |
|
|
7.9 |
|
|
|
24,100 |
|
|
|
(13,339 |
) |
|
|
10,761 |
|
Other intangibles |
|
|
6.2 |
|
|
|
6,620 |
|
|
|
(6,380 |
) |
|
|
240 |
|
Total |
|
|
|
|
$ |
73,193 |
|
|
$ |
(33,005 |
) |
|
$ |
40,188 |
|
|
| Summary of Estimated Future Amortization Expense Related to Finite-Lived Intangible Assets |
The following table summarizes the estimated future amortization expense related to finite-lived intangible assets on our consolidated balance sheet as of September 28, 2024 (in thousands):
|
|
|
|
|
|
|
Amount |
|
2025 |
|
|
3,632 |
|
2026 |
|
|
3,385 |
|
2027 |
|
|
3,262 |
|
2028 |
|
|
3,154 |
|
2029 |
|
|
2,833 |
|
Thereafter |
|
|
8,813 |
|
Total |
|
$ |
25,079 |
|
|