| Schedule of Goodwill |
The Company’s goodwill balance was $315.3 million and $312.0 million as of April 27, 2024 and January 27, 2024, respectively. Changes in the carrying amount of goodwill consisted of the following (dollars in thousands): | | | | | | | | | | | | | | | | | | | Goodwill | | Accumulated Impairment Losses | | Total | Balance as of January 27, 2024 | $ | 561,022 | | | $ | (249,031) | | | $ | 311,991 | | | Goodwill from fiscal 2025 acquisition | 3,317 | | | — | | | 3,317 | | Balance as of April 27, 2024 | $ | 564,339 | | | $ | (249,031) | | | $ | 315,308 | |
|
| Schedule of Intangible Assets |
Our intangible assets consisted of the following (dollars in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | April 27, 2024 | | January 27, 2024 | | Weighted Average Remaining Useful Lives (Years) | | Gross Carrying Amount | | Accumulated Amortization | | Intangible Assets, Net | | Gross Carrying Amount | | Accumulated Amortization | | Intangible Assets, Net | | Customer relationships | 7.9 | | $ | 342,817 | | | $ | 249,964 | | | $ | 92,853 | | | $ | 338,117 | | | $ | 245,512 | | | $ | 92,605 | | | Trade names, finite | 8.9 | | 13,410 | | | 8,852 | | | 4,558 | | | 13,050 | | | 8,723 | | | 4,327 | | | Trade name, indefinite | Indefinite | | 4,700 | | | — | | | 4,700 | | | 4,700 | | | — | | | 4,700 | | | Contract backlog | 2.3 | | 11,890 | | | 5,589 | | | 6,301 | | | 11,600 | | | 4,335 | | | 7,265 | | | Non-compete agreements | 3.5 | | 75 | | | 22 | | | 53 | | | 75 | | | 18 | | | 57 | | | | | $ | 372,892 | | | $ | 264,427 | | | $ | 108,465 | | | $ | 367,542 | | | $ | 258,588 | | | $ | 108,954 | |
|