The Company has one reporting unit for goodwill which is evaluated for impairment annually in the fourth quarter of each fiscal year. No impairment charges were recognized for goodwill or indefinite-lived intangible assets for the quarters ended March 30, 2025 and March 31, 2024.

Intangible assets, net consisted of the following (in thousands):


	As of March 30, 2025
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount

Indefinite-lived intangible assets:
Trade names	$	223,925	$	—	$	223,925
Intangible subject to amortization:
Recipes	56,117		(30,696)		25,421

	$	280,042	$	(30,696)	$	249,346


	As of December 29, 2024
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount

Indefinite-lived intangible assets:
Trade names	$	223,925	$	—	$	223,925
Intangible subject to amortization:
Recipes	56,117		(30,019)		26,098


	$	280,042	$	(30,019)	$	250,023

Amortization expense was $0.7 million for both the quarters ended March 30, 2025 and March 31, 2024, and is included in depreciation and amortization in the condensed consolidated statements of operations.

The estimated aggregate amortization expense related to intangible assets held at March 30, 2025 for the remainder of this year and the succeeding five years and thereafter is as follows (in thousands):


	Estimated Amortization
2025 (excluding the quarter ended March 30, 2025)	$	2,030
2026	2,707
2027	2,707
2028	2,707
2029	2,150
2030	1,369
2031 and thereafter	11,751
	$	25,421