| Summary of Changes in Goodwill |
The following table details the changes in goodwill (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
July 4, 2026 |
|
|
October 4, 2025 |
|
|
June 28, 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 July 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) |
|
|
7.3 |
|
|
$ |
22,100 |
|
|
$ |
(8,846 |
) |
|
$ |
13,254 |
|
Trade name and trademarks (indefinite life) |
|
Indefinite |
|
|
|
9,350 |
|
|
|
— |
|
|
|
9,350 |
|
Non-compete agreements |
|
|
2.7 |
|
|
|
2,260 |
|
|
|
(1,732 |
) |
|
|
528 |
|
Consumer relationships |
|
|
5.4 |
|
|
|
15,400 |
|
|
|
(10,386 |
) |
|
|
5,014 |
|
Other intangibles |
|
|
2.3 |
|
|
|
4,000 |
|
|
|
(3,974 |
) |
|
|
26 |
|
Total |
|
|
|
|
$ |
53,110 |
|
|
$ |
(24,938 |
) |
|
$ |
28,172 |
|
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 June 28, 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) |
|
|
8.2 |
|
|
$ |
22,100 |
|
|
$ |
(6,834 |
) |
|
$ |
15,266 |
|
Trade name and trademarks (indefinite life) |
|
Indefinite |
|
|
|
9,350 |
|
|
|
— |
|
|
|
9,350 |
|
Non-compete agreements |
|
|
3.7 |
|
|
|
2,260 |
|
|
|
(1,523 |
) |
|
|
737 |
|
Consumer relationships |
|
|
6.1 |
|
|
|
15,400 |
|
|
|
(9,097 |
) |
|
|
6,303 |
|
Other intangibles |
|
|
3.3 |
|
|
|
4,000 |
|
|
|
(3,947 |
) |
|
|
53 |
|
Total |
|
|
|
|
$ |
53,110 |
|
|
$ |
(21,401 |
) |
|
$ |
31,709 |
|
|
| 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 July 4, 2026 (in thousands):
|
|
|
|
|
|
|
Amount |
|
Remainder of fiscal 2026 |
|
$ |
819 |
|
2027 |
|
|
3,262 |
|
2028 |
|
|
3,157 |
|
2029 |
|
|
2,899 |
|
2030 |
|
|
2,689 |
|
Thereafter |
|
|
5,996 |
|
Total |
|
$ |
18,822 |
|
|