| Summary of Changes in 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 |
|
|
| Summary of Other Intangible Assets |
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 |
|
|
| 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 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 |
|
|