v3.26.1
Note J - Goodwill and Intangible Assets, Net
9 Months Ended
Mar. 27, 2026
Notes to Financial Statements  
Intangible Asset and Goodwill [Text Block]

J.

Goodwill and Intangible Assets, Net

 

Goodwill represents the excess of the consideration transferred net of the acquisition-date fair values of the identifiable assets acquired and the liabilities assumed.

 

As of March 27, 2026, changes in the carrying amount of goodwill are summarized as follows:

 

  

Net Book

Value

Rollforward

 

Balance at June 30, 2025

 $2,892 

Translation adjustment

  (59)

Balance at March 27, 2026

 $2,833 

 

As of March 27, 2026, the following acquired intangible assets have definite useful lives and are subject to amortization:

 

  

Net Book Value Rollforward

  

Net Book Value By Asset Type

 
  

Gross Carrying

Amount

  

Accumulated Amortization / Impairment

  

Net Book

Value

  

Customer

Relationships

  

Technology

Know-how

  

Trade Name

  

Other

  

Total

 

Balance at June 30, 2025

 $43,403  $(30,042) $13,361  $7,195  $1,834  $2,036  $2,296  $13,361 

Addition

  1,625   -   1,625   -   -   -   1,625   1,625 

Amortization

  -   (2,114)  (2,114)  (982)  (146)  (229)  (757)  (2,114)

Translation adjustment

  (631)  416   (215)  (126)  (24)  (33)  (32)  (215)

Balance at March 27, 2026

 $44,397  $(31,740) $12,657  $6,087  $1,664  $1,774  $3,132  $12,657 

 

Other intangibles consist mainly of computer software. Amortization is recorded on the basis of straight-line or accelerated, as appropriate, over the estimated useful lives of the assets.

 

The weighted average remaining useful life of the intangible assets included in the table above is approximately 7 years.

 

Intangible amortization expense was $765 and $915 for the quarters ended March 27, 2026, and March 28, 2025, respectively. Intangible amortization expense was $2,114 and $2,721 for the three quarters ended March 27, 2026, and March 28, 2025, respectively. Estimated intangible amortization expense for the remainder of fiscal 2026 and each of the next five fiscal years and thereafter is as follows:

 

Fiscal Year

    

2026

  887 

2027

  2,808 

2028

  2,599 

2029

  2,137 

2030

  919 

2031

  678 

Thereafter

  2,629 
  $12,657