| Summary of Goodwill |
The following table details the changes in goodwill (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
July 1, 2023 |
|
|
October 1, 2022 |
|
|
July 2, 2022 |
|
Balance at beginning of the period |
|
$ |
173,513 |
|
|
$ |
101,114 |
|
|
$ |
101,114 |
|
Acquisitions, net of measurement period adjustments |
|
|
7,185 |
|
|
|
72,399 |
|
|
|
24,160 |
|
Balance at the end of the period |
|
$ |
180,698 |
|
|
$ |
173,513 |
|
|
$ |
125,274 |
|
|
| Summary of Other Intangible Assets |
Other intangible assets consisted of the following as of July 1, 2023 (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) |
|
|
10.1 |
|
|
$ |
26,740 |
|
|
$ |
(7,436 |
) |
|
$ |
19,304 |
|
Trade name and trademarks (indefinite life) |
|
Indefinite |
|
|
|
9,350 |
|
|
|
— |
|
|
|
9,350 |
|
Non-compete agreements |
|
|
5.6 |
|
|
|
8,683 |
|
|
|
(7,534 |
) |
|
|
1,149 |
|
Consumer relationships |
|
|
7.6 |
|
|
|
24,100 |
|
|
|
(14,935 |
) |
|
|
9,165 |
|
Other intangibles |
|
|
5.3 |
|
|
|
6,620 |
|
|
|
(6,451 |
) |
|
|
169 |
|
Total |
|
|
|
|
$ |
75,493 |
|
|
$ |
(36,356 |
) |
|
$ |
39,137 |
|
Other intangible assets consisted of the following as of October 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) |
|
|
11.0 |
|
|
$ |
24,440 |
|
|
$ |
(5,907 |
) |
|
$ |
18,533 |
|
Trade name and trademarks (indefinite life) |
|
Indefinite |
|
|
|
9,350 |
|
|
|
— |
|
|
|
9,350 |
|
Non-compete agreements |
|
|
6.5 |
|
|
|
8,683 |
|
|
|
(7,379 |
) |
|
|
1,304 |
|
Consumer relationships |
|
|
7.9 |
|
|
|
24,100 |
|
|
|
(13,339 |
) |
|
|
10,761 |
|
Other intangibles |
|
|
6.2 |
|
|
|
6,620 |
|
|
|
(6,380 |
) |
|
|
240 |
|
Total |
|
|
|
|
$ |
73,193 |
|
|
$ |
(33,005 |
) |
|
$ |
40,188 |
|
Other intangible assets consisted of the following as of July 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) |
|
|
9.5 |
|
|
$ |
10,440 |
|
|
$ |
(5,505 |
) |
|
$ |
4,935 |
|
Trade name and trademarks (indefinite life) |
|
Indefinite |
|
|
|
17,750 |
|
|
|
— |
|
|
|
17,750 |
|
Non-compete agreements |
|
|
6.7 |
|
|
|
8,683 |
|
|
|
(7,328 |
) |
|
|
1,355 |
|
Consumer relationships |
|
|
6.0 |
|
|
|
19,000 |
|
|
|
(12,926 |
) |
|
|
6,074 |
|
Other intangibles |
|
|
6.4 |
|
|
|
6,620 |
|
|
|
(6,345 |
) |
|
|
275 |
|
Total |
|
|
|
|
$ |
62,493 |
|
|
$ |
(32,104 |
) |
|
$ |
30,389 |
|
|