The carrying amounts of goodwill and other intangible assets, as of the dates indicated, consist of the following (in thousands):

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As a result of the preliminary purchase price allocation for the College Inn and Kitchen Basics acquisition, indefinite-lived trademark intangible assets, finite-lived customer relationship intangible assets and goodwill in our consolidated balance sheet increased by $72.3 million, $15.6 million and $5.8 million, respectively, as of the date of acquisition on March 19, 2026. See Note 3, “Acquisitions and Divestitures.”

As of April 4, 2026, there is $6.3 million of indefinite-lived intangible trademark assets and $3.1 million of finite-lived intangible customer relationship assets included in assets held for sale related to our pending Green Giant Canada divestiture and not included in the table above. See Note 18, “Assets Held for Sale.”

The changes in the carrying amount of goodwill by reporting unit for the first quarter of 2026 were as follows (in thousands):

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The changes in the carrying amount of indefinite-lived trademark intangible assets by reporting unit for the first quarter of 2026 were as follows (in thousands):

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Amortization expense associated with finite-lived intangible assets was $4.4 million and $5.1 million for each of the first quarter of 2026 and 2025, respectively, and is recorded in operating expenses. We expect to recognize an additional $13.5 million of amortization expense associated with our finite-lived intangible assets during the remainder of fiscal 2026, and thereafter $13.3 million in fiscal 2027, $12.1 million in fiscal 2028, $11.9 million in each of fiscal 2029 and fiscal 2030, and $11.8 million in fiscal 2031.

We did not recognize any impairment charges for goodwill or indefinite-lived intangible assets for the first quarter of 2026 or the first quarter of 2025. If, however, future revenues and contributions to our operating results for any of our brands or operating segments, including any recently impaired brands and any newly acquired brands, deteriorate, at rates in excess of our current projections, we may be required to record additional non-cash impairment charges to certain intangible assets, including trademarks and goodwill. In addition, any significant decline in our market capitalization or changes in discount rates, even if due to macroeconomic factors, could put pressure on the carrying value of our goodwill or the goodwill of any of our operating segments. A determination that all or a portion of our goodwill or indefinite-lived intangible assets are impaired, although a non-cash charge to operations, could have a material adverse effect on our business, consolidated financial condition and results of operations.

The market capitalization of the company as of April 4, 2026 approximates our consolidated stockholders’ equity after completing all required impairment testing. We did not identify any triggering events requiring goodwill impairment testing, which considered the company’s market capitalization and our recorded equity value.

For a further discussion of our annual impairment testing of goodwill and indefinite-lived intangible assets (trademarks), see Note 2(g), “Summary of Significant Accounting Policies—Goodwill and Other Intangible Assets” to our 2025 Annual Report on Form 10-K.