Intangible Assets |
Intangible Assets The gross carrying amount of intangible assets not subject to amortization and intangible assets subject to amortization is as follows (in thousands): | | | | | | | | | | | | | June 28, 2025 | | December 28, 2024 | Indefinite Lived Intangible Assets: | | | | Trade names | $ | 54,068 | | | $ | 51,050 | | | 54,068 | | | 51,050 | | Finite Lived Intangible Assets: | | | | Routes | 748,559 | | | 714,801 | | Customer relationships | 307,642 | | | 278,920 | | Permits | 329,697 | | | 316,038 | | Non-compete agreements | 60 | | | 60 | | Trade names | 84,070 | | | 82,401 | | Royalties, product development, patents, consulting, land use rights and leasehold | 22,898 | | | 22,277 | | | | | | | 1,492,926 | | | 1,414,497 | | Accumulated Amortization: | | | | Routes | (292,432) | | | (254,164) | | Customer relationships | (63,722) | | | (44,476) | | Permits | (209,852) | | | (189,500) | | Non-compete agreements | (38) | | | (33) | | Trade names | (75,103) | | | (72,549) | | Royalties, product development, patents, consulting, land use rights and leasehold | (7,027) | | | (6,413) | | | | | | | (648,174) | | | (567,135) | | Total intangible assets, less accumulated amortization | $ | 898,820 | | | $ | 898,412 | |
Gross intangible assets changed primarily due to foreign currency translation impact in the first six months of fiscal 2025. Amortization expense for the three months ended June 28, 2025 and June 29, 2024, was approximately $25.8 million and $28.4 million, respectively, and for the six months ended June 28, 2025 and June 29, 2024, was approximately $51.1 million and $56.4 million, respectively.
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