General form of registration statement for all companies including face-amount certificate companies

Goodwill and Other Intangibles, Net (Tables)

v3.20.4
Goodwill and Other Intangibles, Net (Tables)
 3 Months Ended 12 Months Ended
Jan. 02, 2021
Oct. 03, 2020
Goodwill and Intangible Assets Disclosure [Abstract]    
Summary of Goodwill
The carrying amount of goodwill for the periods ended January 2, 2021, October 3, 2020, and December 28, 2019 were as follows (in thousands):
 
Balance, January 2, 2021
   
$
 93,295  
Balance, October 3, 2020
   
$
 
 93,295  
Balance, December 28, 2019
   
$
 92,821  
The changes in the carrying amount of goodwill for fiscal 2020 and 2019 are as follows (in thousands):
 
Balance, September 29, 2018
    $ 84,518  
Acquisitions
      4,283  
Other adjustments
      938  
    
 
 
  
Balance, September 28, 2019
      89,739  
Acquisitions
      3,556  
    
 
 
  
Balance, October 3, 2020
    $ 93,295  
    
 
 
  
Summary of Other Intangible Assets
Our other intangible assets are as follows as of January 2, 2021:
 
    
Weighted

Average

Remaining

Useful Life
 
  
Gross

Carrying

Value
 
  
Accumulated

Amortization
 
  
Net

Carrying

Amount
  
    
(In years)
 
  
(In thousands)
  
Trade name and trademarks (finite life)
   
 
 2.4
 
  
$
 5,540
 
  
$
 (5,167
) 
  
$
 373  
Trade name and trademarks (indefinite life)
   
 
 Indefinite
 
  
 
 17,750
 
  
 
—
 
  
 
 17,750  
Non-compete
agreements
   
 
 4.5
 
  
 
 8,633
 
  
 
 (6,958
) 
  
 
 1,675  
Consumer relationships
   
 
 3.6
 
  
 
 17,200
 
  
 
 (10,485
) 
  
 
 6,715  
Internally developed software
   
 
 2.6
 
  
 
 4,000
 
  
 
 (3,482
) 
  
 
 518  
Other
   
 
 1.3
 
  
 
 1,000
 
  
 
 (967
) 
  
 
 33  
    
 
 
 
  
 
 
 
  
 
 
 
  
 
 
  
Total
   
 
 
 
  
$
 54,123
 
  
$
 (27,059
) 
  
$
 27,064  
             
 
 
     
 
 
     
 
 
  
Our other intangible assets are as follows as of October 3, 2020:
 
    
Weighted

Average

Remaining

Useful Life
 
  
Gross

Carrying

Value
 
  
Accumulated

Amortization
 
  
Net

Carrying

Amount
  
    
(In years)
 
  
(In thousands)
  
Trade name and trademarks (finite life)
   
 
 2.6
 
  
$
 5,540
 
  
$
 (5,139
) 
  
$
 401  
Trade name and trademarks (indefinite life)
   
 
 Indefinite
 
  
 
 17,750
 
  
 
—
 
  
 
 17,750  
Non-compete
agreements
   
 
 4.9
 
  
 
 8,633
 
  
 
 (6,872
) 
  
 
 1,761  
Consumer relationships
   
 
 3.8
 
  
 
 17,200
 
  
 
 (10,118
) 
  
 
 7,082  
Internally developed software
   
 
 2.9
 
  
 
 4,000
 
  
 
 (3,434
) 
  
 
 566  
Other
   
 
 1.6
 
  
 
 1,000
 
  
 
 (958
) 
  
 
 42  
    
 
 
 
  
 
 
 
  
 
 
 
  
 
 
  
Total
   
 
 
 
  
$
 54,123
 
  
$
 (26,521
) 
  
$
 27,602  
             
 
 
     
 
 
     
 
 
  
Our other intangible assets are as follows as of December 28, 2019:
 
 
  
Weighted

Average

Remaining

Useful Life
  
Gross

Carrying

Value
 
  
Accumulated

Amortization
 
 
Net

Carrying

Amount
 
 
  
(In years)
  
(In thousands)
 
Trade name and trademarks (finite life)
  
2.3
  
$
5,540
 
  
$
(5,054
) 
 
$
486
 
Trade name and trademarks (indefinite life)
  
 Indefinite
  
 
17,750
 
  
 
—
 
 
 
17,750
 
Non-compete
agreements
  
4.0
  
 
8,633
 
  
 
(6,317
) 
 
 
2,316
 
Consumer relationships
  
3.4
  
 
17,200
 
  
 
(8,998
) 
 
 
8,202
 
Internally developed software
  
2.3
  
 
4,000
 
  
 
(3,244
) 
 
 
756
 
Other
  
1.3
  
 
1,000
 
  
 
(933
) 
 
 
67
 
 
  
  
  
 
 
 
  
 
 
 
 
 
 
 
Total
  
  
  
$
54,123
 
  
$
(24,546
) 
 
$
29,577
 
 
  
  
  
 
 
 
  
 
 
 
 
 
 
 
Our other intangible assets are as follows as of October 3, 2020:
 
    
Weighted

Average

Useful Life
     
Gross

Carrying

Value
     
Accumulated

Amortization
    
Net

Carrying

Amount
  
    
(In years)
     
(In thousands)
  
Trade name and trademarks (finite life)
      2.6      $ 5,540      $ (5,139 )    $ 401  
Trade name and trademarks (indefinite life)
      Indefinite        17,750        —       17,750  
Non-compete
      4.9        8,633        (6,872 )      1,761  
Consumer relationships
      3.8        17,200        (10,118 )      7,082  
Internally developed software
      2.9        4,000        (3,434 )      566  
Other
      1.6        1,000        (958 )      42  
             
 
 
     
 
 
    
 
 
  
Total
             $ 54,123      $ (26,521 )    $ 27,602  
             
 
 
     
 
 
    
 
 
  
Our other intangible assets are as follows as of September 28, 2019:
 
    
Gross Carrying

Value
     
Accumulated

Amortization
    
Net Carrying

Amount
  
    
(In thousands)
  
Trade name and trademarks (finite life)
    $ 5,540      $ (5,026 )    $ 514  
Trade name and trademarks (indefinite life)
      17,150        —       17,150  
Non-compete
      7,733        (6,181 )      1,552  
Consumer relationships
      16,200        (8,655 )      7,545  
Internally developed software
      4,000        (3,180 )      820  
Other
      1,000        (925 )      75  
    
 
 
     
 
 
    
 
 
  
Total
    $ 51,623      $ (23,967 )    $ 27,656  
    
 
 
     
 
 
    
 
 
  
Summary of Estimated Future Amortization Expense Related to Finite-Lived Intangible Assets
The estimated future amortization expense related to finite-lived intangible assets on our balance sheet as of January 2, 2021 is as follows (in thousands):
 
Remainder of fiscal 2021
   
$
 1,520  
2022
   
 
 1,936  
2023
   
 
 1,703  
2024
   
 
 1,065  
2025
   
 
 968  
Thereafter
   
 
 2,122  
    
 
 
  
Total
   
$
 9,314  
    
 
 
  
Estimated future amortization of the other intangible assets for the next five years as of October 3, 2020 is as follows (in thousands):
Fiscal Year Ended
   
Amount
  
2021
    $ 1,892  
2022
      1,936  
2023
      1,703  
2024
      1,065  
2025
      968  
Thereafter
      2,122  
    
 
 
  
Total
    $ 9,686