| Goodwill and Other Intangibles, Net |
Note 3—Goodwill and Other Intangibles, Net
Goodwill
The following table details the changes in goodwill (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
April 4, 2026 |
|
|
October 4, 2025 |
|
|
March 29, 2025 |
|
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 |
|
Other Intangibles
Other intangible assets consisted of the following as of April 4, 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) |
|
|
7.5 |
|
|
$ |
22,100 |
|
|
$ |
(8,353 |
) |
|
$ |
13,747 |
|
Trade name and trademarks (indefinite life) |
|
Indefinite |
|
|
|
9,350 |
|
|
|
— |
|
|
|
9,350 |
|
Non-compete agreements |
|
|
2.9 |
|
|
|
2,260 |
|
|
|
(1,681 |
) |
|
|
579 |
|
Consumer relationships |
|
|
5.6 |
|
|
|
15,400 |
|
|
|
(10,091 |
) |
|
|
5,309 |
|
Other intangibles |
|
|
2.6 |
|
|
|
4,000 |
|
|
|
(3,968 |
) |
|
|
32 |
|
Total |
|
|
|
|
$ |
53,110 |
|
|
$ |
(24,093 |
) |
|
$ |
29,017 |
|
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 March 29, 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) |
|
|
8.5 |
|
|
$ |
22,100 |
|
|
$ |
(6,341 |
) |
|
$ |
15,759 |
|
Trade name and trademarks (indefinite life) |
|
Indefinite |
|
|
|
9,350 |
|
|
|
— |
|
|
|
9,350 |
|
Non-compete agreements |
|
|
3.9 |
|
|
|
2,260 |
|
|
|
(1,471 |
) |
|
|
789 |
|
Consumer relationships |
|
|
6.3 |
|
|
|
15,400 |
|
|
|
(8,744 |
) |
|
|
6,656 |
|
Other intangibles |
|
|
3.6 |
|
|
|
4,000 |
|
|
|
(3,937 |
) |
|
|
63 |
|
Total |
|
|
|
|
$ |
53,110 |
|
|
$ |
(20,493 |
) |
|
$ |
32,617 |
|
Amortization expense was $0.8 million and $0.9 million for the three months ended April 4, 2026 and March 29, 2025. Amortization expense was $1.7 million and $1.8 million for the six months ended April 4, 2026 and March 29, 2025. No impairment of intangible assets was recorded during the three and six months ended April 4, 2026 and March 29, 2025.
The following table summarizes the estimated future amortization expense related to finite-lived intangible assets on our consolidated balance sheet as of April 4, 2026 (in thousands):
|
|
|
|
|
|
|
Amount |
|
Remainder of fiscal 2026 |
|
$ |
1,664 |
|
2027 |
|
|
3,262 |
|
2028 |
|
|
3,157 |
|
2029 |
|
|
2,899 |
|
2030 |
|
|
2,689 |
|
Thereafter |
|
|
5,996 |
|
Total |
|
$ |
19,667 |
|
|