v3.25.2
Goodwill and Other Assets
6 Months Ended
Jun. 29, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Assets

Note 11. Goodwill and Other Assets

Goodwill and other assets consisted of the following as of the periods presented:

 

 

June 29,
2025

 

 

December 29,
2024

 

Goodwill

 

$

3,858

 

 

$

3,858

 

Cloud computing implementation costs

 

 

7,837

 

 

 

3,834

 

Deferred tax asset

 

 

1,437

 

 

 

1,399

 

Other non-current assets

 

 

62

 

 

 

62

 

Goodwill and other assets

 

$

13,194

 

 

$

9,153

 

 

As of June 29, 2025 and December 29, 2024, the Company capitalized costs of $9,299 and $3,834 relating to cloud computing arrangement implementation costs. Of this total, $7,837 and $3,834 are classified as non-current assets under the heading “goodwill and other current assets” and $1,462 and $0 are classified as current assets under the heading “prepaid expenses and other current assets” as of June 29, 2025 and December 29, 2024, respectively. This software was developed by a third-party in conjunction with the Company’s employees. It has passed the preliminary project stage prior to capitalization. Amortization of the cloud computing arrangement implementation costs will begin once the software is placed in service.