| Summary of Goodwill |
The following table details the changes in goodwill (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 29, 2025 |
|
|
September 28, 2024 |
|
|
March 30, 2024 |
|
Balance at beginning of the period |
|
$ |
180,698 |
|
|
$ |
180,698 |
|
|
$ |
180,698 |
|
Acquisitions, net of measurement period adjustments |
|
|
- |
|
|
|
- |
|
|
|
- |
|
Balance at the end of the period |
|
$ |
180,698 |
|
|
$ |
180,698 |
|
|
$ |
180,698 |
|
Other Intangibles
|
| Summary of Other Intangible Assets |
Other intangible assets consisted of the following as of March 29, 2025 (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) |
|
|
8.5 |
|
|
$ |
22,100 |
|
|
$ |
(6,341 |
) |
|
$ |
15,759 |
|
Trade name and trademarks (indefinite life) |
|
Indefinite |
|
|
|
9,350 |
|
|
|
— |
|
|
|
9,350 |
|
Non-compete agreements |
|
|
3.9 |
|
|
|
2,260 |
|
|
|
(1,471 |
) |
|
|
789 |
|
Consumer relationships |
|
|
6.3 |
|
|
|
15,400 |
|
|
|
(8,744 |
) |
|
|
6,656 |
|
Other intangibles |
|
|
3.6 |
|
|
|
4,000 |
|
|
|
(3,937 |
) |
|
|
63 |
|
Total |
|
|
|
|
$ |
53,110 |
|
|
$ |
(20,493 |
) |
|
$ |
32,617 |
|
Other intangible assets consisted of the following as of September 28, 2024 (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) |
|
|
8.9 |
|
|
$ |
22,100 |
|
|
$ |
(5,355 |
) |
|
$ |
16,745 |
|
Trade name and trademarks (indefinite life) |
|
Indefinite |
|
|
|
9,350 |
|
|
|
— |
|
|
|
9,350 |
|
Non-compete agreements |
|
|
4.4 |
|
|
|
2,260 |
|
|
|
(1,368 |
) |
|
|
892 |
|
Consumer relationships |
|
|
6.6 |
|
|
|
15,400 |
|
|
|
(8,038 |
) |
|
|
7,362 |
|
Other intangibles |
|
|
4.1 |
|
|
|
4,000 |
|
|
|
(3,920 |
) |
|
|
80 |
|
Total |
|
|
|
|
$ |
53,110 |
|
|
$ |
(18,681 |
) |
|
$ |
34,429 |
|
Other intangible assets consisted of the following as of March 30, 2024 (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) |
|
|
9.4 |
|
|
$ |
22,100 |
|
|
$ |
(4,350 |
) |
|
$ |
17,750 |
|
Trade name and trademarks (indefinite life) |
|
Indefinite |
|
|
|
9,350 |
|
|
|
— |
|
|
|
9,350 |
|
Non-compete agreements |
|
|
4.9 |
|
|
|
2,260 |
|
|
|
(1,265 |
) |
|
|
995 |
|
Consumer relationships |
|
|
7.0 |
|
|
|
15,400 |
|
|
|
(7,332 |
) |
|
|
8,068 |
|
Other intangibles |
|
|
4.6 |
|
|
|
4,000 |
|
|
|
(3,888 |
) |
|
|
112 |
|
Total |
|
|
|
|
$ |
53,110 |
|
|
$ |
(16,835 |
) |
|
$ |
36,275 |
|
|
| 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 March 29, 2025 (in thousands):
|
|
|
|
|
|
|
Amount |
|
Remainder of fiscal 2025 |
|
$ |
1,889 |
|
2026 |
|
|
3,382 |
|
2027 |
|
|
3,262 |
|
2028 |
|
|
3,150 |
|
2029 |
|
|
2,899 |
|
Thereafter |
|
|
8,685 |
|
Total |
|
$ |
23,267 |
|
|