Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangibles, Net (Tables)

v3.22.0.1
Goodwill and Other Intangibles, Net (Tables)
3 Months Ended
Jan. 01, 2022
Goodwill And Intangible Assets Disclosure [Abstract]  
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