| Summary of Goodwill |
The following table details the changes in goodwill (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
April 2, 2022 |
|
|
October 2, 2021 |
|
|
April 3, 2021 |
|
Balance at beginning of the period |
|
$ |
101,114 |
|
|
$ |
93,295 |
|
|
$ |
93,295 |
|
Acquisitions |
|
|
15,733 |
|
|
|
7,819 |
|
|
|
4,397 |
|
Measurement period adjustments |
|
|
1,475 |
|
|
|
— |
|
|
|
— |
|
Balance at the end of the period |
|
$ |
118,322 |
|
|
$ |
101,114 |
|
|
$ |
97,692 |
|
|
| Summary of Other Intangible Assets |
Other intangible assets consisted of the following as of April 2, 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) |
|
|
9.2 |
|
|
$ |
7,940 |
|
|
$ |
(5,350 |
) |
|
$ |
2,590 |
|
Trade name and trademarks (indefinite life) |
|
Indefinite |
|
|
|
17,750 |
|
|
|
— |
|
|
|
17,750 |
|
Non-compete agreements |
|
|
7.0 |
|
|
|
8,683 |
|
|
|
(7,276 |
) |
|
|
1,407 |
|
Consumer relationships |
|
|
6.1 |
|
|
|
19,000 |
|
|
|
(12,513 |
) |
|
|
6,487 |
|
Other intangibles |
|
|
6.7 |
|
|
|
6,620 |
|
|
|
(6,311 |
) |
|
|
309 |
|
Total |
|
|
|
|
$ |
59,993 |
|
|
$ |
(31,450 |
) |
|
$ |
28,543 |
|
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 April 3, 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) |
|
|
3.1 |
|
|
$ |
5,540 |
|
|
$ |
(5,195 |
) |
|
$ |
345 |
|
Trade name and trademarks (indefinite life) |
|
Indefinite |
|
|
|
18,550 |
|
|
|
— |
|
|
|
18,550 |
|
Non-compete agreements |
|
|
8.9 |
|
|
|
9,833 |
|
|
|
(7,014 |
) |
|
|
2,819 |
|
Consumer relationships |
|
|
6.5 |
|
|
|
18,500 |
|
|
|
(10,853 |
) |
|
|
7,647 |
|
Other intangibles |
|
|
7.3 |
|
|
|
5,303 |
|
|
|
(4,505 |
) |
|
|
798 |
|
Total |
|
|
|
|
$ |
57,726 |
|
|
$ |
(27,567 |
) |
|
$ |
30,159 |
|
|
| 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 April 2, 2022 (in thousands):
|
|
|
|
|
|
|
Amount |
|
Remainder of fiscal 2022 |
|
$ |
1,174 |
|
2023 |
|
|
2,123 |
|
2024 |
|
|
1,485 |
|
2025 |
|
|
1,388 |
|
2026 |
|
|
1,142 |
|
Thereafter |
|
|
3,481 |
|
Total |
|
$ |
10,793 |
|
|