| Summary of Goodwill |
The following table details the changes in goodwill (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 28, 2024 |
|
|
September 28, 2024 |
|
|
December 30, 2023 |
|
Balance at beginning of the period |
|
$ |
180,698 |
|
|
$ |
180,698 |
|
|
$ |
180,698 |
|
Acquisitions, net of measurement period adjustments |
|
|
- |
|
|
|
- |
|
|
|
- |
|
Balance at the end of the period |
|
$ |
180,698 |
|
|
$ |
180,698 |
|
|
$ |
180,698 |
|
|
| Summary of Other Intangible Assets |
Other intangible assets consisted of the following as of December 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) |
|
|
7.9 |
|
|
$ |
22,100 |
|
|
$ |
(5,848 |
) |
|
$ |
16,252 |
|
Trade name and trademarks (indefinite life) |
|
Indefinite |
|
|
|
9,350 |
|
|
|
— |
|
|
|
9,350 |
|
Non-compete agreements |
|
|
3.4 |
|
|
|
2,260 |
|
|
|
(1,420 |
) |
|
|
840 |
|
Consumer relationships |
|
|
5.7 |
|
|
|
15,400 |
|
|
|
(8,391 |
) |
|
|
7,009 |
|
Other intangibles |
|
|
3.1 |
|
|
|
4,000 |
|
|
|
(3,930 |
) |
|
|
70 |
|
Total |
|
|
|
|
$ |
53,110 |
|
|
$ |
(19,589 |
) |
|
$ |
33,521 |
|
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 December 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) |
|
|
9.6 |
|
|
$ |
22,100 |
|
|
$ |
(3,834 |
) |
|
$ |
18,266 |
|
Trade name and trademarks (indefinite life) |
|
Indefinite |
|
|
|
9,350 |
|
|
|
— |
|
|
|
9,350 |
|
Non-compete agreements |
|
|
5.1 |
|
|
|
2,260 |
|
|
|
(1,214 |
) |
|
|
1,046 |
|
Consumer relationships |
|
|
7.2 |
|
|
|
15,400 |
|
|
|
(6,980 |
) |
|
|
8,420 |
|
Other intangibles |
|
|
4.8 |
|
|
|
4,000 |
|
|
|
(3,871 |
) |
|
|
129 |
|
Total |
|
|
|
|
$ |
53,110 |
|
|
$ |
(15,899 |
) |
|
$ |
37,211 |
|
|
| 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 condensed consolidated balance sheet as of December 28, 2024 (in thousands):
|
|
|
|
|
|
|
Amount |
|
Remainder of fiscal 2025 |
|
$ |
2,796 |
|
2026 |
|
|
3,379 |
|
2027 |
|
|
3,262 |
|
2028 |
|
|
3,150 |
|
2029 |
|
|
2,899 |
|
Thereafter |
|
|
8,685 |
|
Total |
|
$ |
24,171 |
|
|