| Summary of Goodwill |
The carrying amounts of goodwill are as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
October 2, 2021 |
|
|
October 3, 2020 |
|
Balance at beginning of the year |
|
$ |
93,295 |
|
|
$ |
89,739 |
|
Acquisitions |
|
|
7,819 |
|
|
|
3,556 |
|
Balance at the end of the year |
|
$ |
101,114 |
|
|
$ |
93,295 |
|
|
| Summary of Other Intangible Assets |
Other intangible assets consisted of the following as of October 2, 2021 (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) |
|
|
2.6 |
|
|
$ |
5,940 |
|
|
$ |
(5,274 |
) |
|
$ |
666 |
|
Trade name and trademarks (indefinite life) |
|
Indefinite |
|
|
|
17,750 |
|
|
|
— |
|
|
|
17,750 |
|
Non-compete agreements |
|
|
7.5 |
|
|
|
8,633 |
|
|
|
(7,123 |
) |
|
|
1,510 |
|
Consumer relationships |
|
|
6.4 |
|
|
|
19,000 |
|
|
|
(11,688 |
) |
|
|
7,312 |
|
Other intangibles |
|
|
7.0 |
|
|
|
6,620 |
|
|
|
(5,952 |
) |
|
|
668 |
|
Total |
|
|
|
|
$ |
57,943 |
|
|
$ |
(30,037 |
) |
|
$ |
27,906 |
|
Other intangible assets are as follows as of October 3, 2020 (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) |
|
|
3.6 |
|
|
$ |
5,540 |
|
|
$ |
(5,139 |
) |
|
$ |
401 |
|
Trade name and trademarks (indefinite life) |
|
Indefinite |
|
|
|
17,750 |
|
|
|
— |
|
|
|
17,750 |
|
Non-compete agreements |
|
|
8.3 |
|
|
|
8,633 |
|
|
|
(6,872 |
) |
|
|
1,761 |
|
Consumer relationships |
|
|
6.1 |
|
|
|
17,200 |
|
|
|
(10,118 |
) |
|
|
7,082 |
|
Other intangibles |
|
|
7.4 |
|
|
|
6,584 |
|
|
|
(5,687 |
) |
|
|
897 |
|
Total |
|
|
|
|
$ |
55,707 |
|
|
$ |
(27,816 |
) |
|
$ |
27,891 |
|
|
| 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 balance sheet as of October 2, 2021 (in thousands):
|
|
|
|
|
|
|
Amount |
|
2022 |
|
$ |
2,202 |
|
2023 |
|
|
1,969 |
|
2024 |
|
|
1,331 |
|
2025 |
|
|
1,234 |
|
2026 |
|
|
988 |
|
Thereafter |
|
|
2,432 |
|
Total |
|
$ |
10,156 |
|
|