| Summary of Goodwill |
The following table details the changes in goodwill (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 30, 2023 |
|
|
September 30, 2023 |
|
|
December 31, 2022 |
|
Balance at beginning of the period |
|
$ |
180,698 |
|
|
$ |
173,513 |
|
|
$ |
173,513 |
|
Acquisitions, net of measurement period adjustments |
|
|
— |
|
|
|
7,185 |
|
|
|
2,650 |
|
Balance at the end of the period |
|
$ |
180,698 |
|
|
$ |
180,698 |
|
|
$ |
176,163 |
|
|
| Summary of Other Intangible Assets |
Other intangible assets consisted of the following as of December 30, 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) |
|
|
9.6 |
|
|
$ |
22,100 |
|
|
$ |
(3,834 |
) |
|
$ |
18,266 |
|
Trade name and trademarks (indefinite life) |
|
Indefinite |
|
|
|
9,350 |
|
|
|
— |
|
|
|
9,350 |
|
Non-compete agreements |
|
|
5.1 |
|
|
|
2,260 |
|
|
|
(1,214 |
) |
|
|
1,046 |
|
Consumer relationships |
|
|
7.2 |
|
|
|
15,400 |
|
|
|
(6,980 |
) |
|
|
8,420 |
|
Other intangibles |
|
|
4.8 |
|
|
|
4,000 |
|
|
|
(3,871 |
) |
|
|
129 |
|
Total |
|
|
|
|
$ |
53,110 |
|
|
$ |
(15,899 |
) |
|
$ |
37,211 |
|
Other intangible assets consisted of the following as of September 30, 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) |
|
|
9.8 |
|
|
$ |
26,740 |
|
|
$ |
(7,958 |
) |
|
$ |
18,782 |
|
Trade name and trademarks (indefinite life) |
|
Indefinite |
|
|
|
9,350 |
|
|
|
— |
|
|
|
9,350 |
|
Non-compete agreements |
|
|
5.4 |
|
|
|
8,683 |
|
|
|
(7,585 |
) |
|
|
1,098 |
|
Consumer relationships |
|
|
7.4 |
|
|
|
24,100 |
|
|
|
(15,317 |
) |
|
|
8,783 |
|
Other intangibles |
|
|
5.1 |
|
|
|
6,620 |
|
|
|
(6,476 |
) |
|
|
144 |
|
Total |
|
|
|
|
$ |
75,493 |
|
|
$ |
(37,336 |
) |
|
$ |
38,157 |
|
Other intangible assets consisted of the following as of December 31, 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) |
|
|
10.5 |
|
|
$ |
27,140 |
|
|
$ |
(6,224 |
) |
|
$ |
20,916 |
|
Trade name and trademarks (indefinite life) |
|
Indefinite |
|
|
|
9,350 |
|
|
|
— |
|
|
|
9,350 |
|
Non-compete agreements |
|
|
6.1 |
|
|
|
8,683 |
|
|
|
(7,431 |
) |
|
|
1,252 |
|
Consumer relationships |
|
|
7.7 |
|
|
|
24,100 |
|
|
|
(13,879 |
) |
|
|
10,221 |
|
Other intangibles |
|
|
5.8 |
|
|
|
6,620 |
|
|
|
(6,403 |
) |
|
|
217 |
|
Total |
|
|
|
|
$ |
75,893 |
|
|
$ |
(33,937 |
) |
|
$ |
41,956 |
|
|
| 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 December 30, 2023 (in thousands):
|
|
|
|
|
|
|
Amount |
|
Remainder of fiscal 2024 |
|
$ |
2,782 |
|
2025 |
|
|
3,632 |
|
2026 |
|
|
3,385 |
|
2027 |
|
|
3,262 |
|
2028 |
|
|
3,154 |
|
Thereafter |
|
|
11,646 |
|
Total |
|
$ |
27,861 |
|
|