| Summary of Goodwill |
The carrying amounts of goodwill are as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
January 1, 2022 |
|
|
October 2, 2021 |
|
|
January 2, 2021 |
|
Balance at beginning of the period |
|
$ |
101,114 |
|
|
$ |
93,295 |
|
|
$ |
93,295 |
|
Acquisitions |
|
|
3,200 |
|
|
|
7,819 |
|
|
|
— |
|
Measurement period adjustments |
|
|
1,475 |
|
|
|
— |
|
|
|
— |
|
Balance at the end of the period |
|
$ |
105,789 |
|
|
$ |
101,114 |
|
|
$ |
93,295 |
|
|
| Summary of Other Intangible Assets |
Other intangible assets consisted of the following as of January 1, 2022 (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) |
|
|
6.5 |
|
|
$ |
5,940 |
|
|
$ |
(5,311 |
) |
|
$ |
629 |
|
Trade name and trademarks (indefinite life) |
|
Indefinite |
|
|
|
17,750 |
|
|
|
— |
|
|
|
17,750 |
|
Non-compete agreements |
|
|
7.2 |
|
|
|
8,633 |
|
|
|
(7,174 |
) |
|
|
1,459 |
|
Consumer relationships |
|
|
6.3 |
|
|
|
19,000 |
|
|
|
(12,545 |
) |
|
|
6,455 |
|
Other intangibles |
|
|
6.9 |
|
|
|
6,620 |
|
|
|
(6,274 |
) |
|
|
346 |
|
Total |
|
|
|
|
$ |
57,943 |
|
|
$ |
(31,304 |
) |
|
$ |
26,639 |
|
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) |
|
|
6.6 |
|
|
$ |
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 consisted of the following as of January 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) |
|
|
3.4 |
|
|
$ |
5,540 |
|
|
$ |
(5,167 |
) |
|
$ |
373 |
|
Trade name and trademarks (indefinite life) |
|
Indefinite |
|
|
|
17,750 |
|
|
|
— |
|
|
|
17,750 |
|
Non-compete agreements |
|
|
8.2 |
|
|
|
8,633 |
|
|
|
(6,958 |
) |
|
|
1,675 |
|
Consumer relationships |
|
|
5.9 |
|
|
|
17,200 |
|
|
|
(10,485 |
) |
|
|
6,715 |
|
Other intangibles |
|
|
7.1 |
|
|
|
6,620 |
|
|
|
(5,769 |
) |
|
|
851 |
|
Total |
|
|
|
|
$ |
55,743 |
|
|
$ |
(28,379 |
) |
|
$ |
27,364 |
|
|
| 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 condensed consolidated balance sheet as of January 1, 2022 (in thousands):
|
|
|
|
|
|
|
Amount |
|
Remainder of fiscal 2022 |
|
$ |
1,167 |
|
2023 |
|
|
1,923 |
|
2024 |
|
|
1,285 |
|
2025 |
|
|
1,188 |
|
2026 |
|
|
942 |
|
Thereafter |
|
|
2,384 |
|
Total |
|
$ |
8,889 |
|
|