| Summary of Changes in Goodwill |
The following table details the changes in goodwill (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
January 3, 2026 |
|
|
October 4, 2025 |
|
|
December 28, 2024 |
|
Balance at beginning of the period |
|
$ |
— |
|
|
$ |
180,698 |
|
|
$ |
180,698 |
|
Acquisitions, net of measurement period adjustments |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Impairment |
|
|
— |
|
|
|
(180,698 |
) |
|
|
— |
|
Balance at the end of the period |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
180,698 |
|
|
| Summary of Other Intangible Assets |
Other intangible assets consisted of the following as of January 3, 2026 (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) |
|
|
7.7 |
|
|
$ |
22,100 |
|
|
$ |
(7,859 |
) |
|
$ |
14,241 |
|
Trade name and trademarks (indefinite life) |
|
Indefinite |
|
|
|
9,350 |
|
|
|
— |
|
|
|
9,350 |
|
Non-compete agreements |
|
|
3.2 |
|
|
|
2,260 |
|
|
|
(1,629 |
) |
|
|
631 |
|
Consumer relationships |
|
|
5.7 |
|
|
|
15,400 |
|
|
|
(9,788 |
) |
|
|
5,612 |
|
Other intangibles |
|
|
2.8 |
|
|
|
4,000 |
|
|
|
(3,963 |
) |
|
|
37 |
|
Total |
|
|
|
|
$ |
53,110 |
|
|
$ |
(23,239 |
) |
|
$ |
29,871 |
|
Other intangible assets consisted of the following as of October 4, 2025 (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) |
|
|
8.0 |
|
|
$ |
22,100 |
|
|
$ |
(7,366 |
) |
|
$ |
14,734 |
|
Trade name and trademarks (indefinite life) |
|
Indefinite |
|
|
|
9,350 |
|
|
|
— |
|
|
|
9,350 |
|
Non-compete agreements |
|
|
3.4 |
|
|
|
2,260 |
|
|
|
(1,578 |
) |
|
|
682 |
|
Consumer relationships |
|
|
5.9 |
|
|
|
15,400 |
|
|
|
(9,477 |
) |
|
|
5,923 |
|
Other intangibles |
|
|
3.1 |
|
|
|
4,000 |
|
|
|
(3,957 |
) |
|
|
43 |
|
Total |
|
|
|
|
$ |
53,110 |
|
|
$ |
(22,378 |
) |
|
$ |
30,732 |
|
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 |
|
|
| 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 January 3, 2026 (in thousands):
|
|
|
|
|
|
|
Amount |
|
Remainder of fiscal 2026 |
|
$ |
2,518 |
|
2027 |
|
|
3,262 |
|
2028 |
|
|
3,157 |
|
2029 |
|
|
2,899 |
|
2030 |
|
|
2,689 |
|
Thereafter |
|
|
5,996 |
|
Total |
|
$ |
20,521 |
|
|