| Goodwill and Intangible Assets |
Goodwill and Intangible AssetsAs disclosed in Note 10, the Company’s reportable segments changed during the year ended December 27, 2025 as a result of changes within the operating segments and reporting units. The Company performed quantitative impairment assessments of goodwill immediately prior to the change in reporting units and immediately after the change on its new reporting units. The Company used the relative fair value method to reallocate the goodwill to the associated reporting units impacted by the change in reporting units in the first quarter of 2025. No impairment charges were recorded during the years ended December 27, 2025, December 28, 2024, and December 30, 2023. Changes in the carrying amount of goodwill for the years ended December 27, 2025 and December 28, 2024 are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in thousands) | Maintenance | | Paint, Collision & Glass | | Platform Services | | Take 5 | | Franchise Brands | | Auto Glass Now | | Total | Balance at December 30, 2023 | $ | 482,025 | | | $ | 602,031 | | | $ | 154,450 | | | $ | — | | | $ | — | | | $ | — | | | $ | 1,238,506 | | | Acquisitions | 599 | | | — | | | — | | | — | | | — | | | — | | | 599 | | | Sale of business unit | — | | | (9,233) | | | (13,180) | | | — | | | — | | | — | | | (22,413) | | | Foreign exchange | (178) | | | (8,712) | | | (2,272) | | | — | | | — | | | — | | | (11,162) | | Balance at December 28, 2024 | $ | 482,446 | | | $ | 584,086 | | | $ | 138,998 | | | $ | — | | | $ | — | | | $ | — | | | $ | 1,205,530 | | | Resegmentation allocation | (482,446) | | | (584,086) | | | (138,998) | | | 435,986 | | | 620,264 | | | 149,280 | | | — | | | Acquisitions | — | | | — | | | — | | | 5,746 | | | — | | | — | | | 5,746 | | | Foreign exchange | — | | | — | | | — | | | 109 | | | 6,617 | | | — | | | 6,726 | | Balance at December 27, 2025 | $ | — | | | $ | — | | | $ | — | | | $ | 441,841 | | | $ | 626,881 | | | $ | 149,280 | | | $ | 1,218,002 | |
Intangible assets for the years ended December 27, 2025 and December 28, 2024 are as follows: | | | | | | | | | | | | | | | | | | | | | (in thousands) | Balance at December 27, 2025 | | Gross Carrying Value | | | | Accumulated Amortization | | Net Carrying Value | | Definite Lived Amortizable | | | | | | | | | Franchise agreements | $ | 219,876 | | | | | $ | (87,236) | | | $ | 132,640 | | | License agreements | 11,957 | | | | | (8,507) | | | 3,450 | | | Membership agreements | 11,600 | | | | | (9,180) | | | 2,420 | | | Customer relationships | 82,645 | | | | | (23,585) | | | 59,060 | | | Developed technology | 25,764 | | | | | (24,162) | | | 1,602 | | | Trademarks and other | 14,243 | | | | | (13,903) | | | 340 | | | Total definite lived amortizable | 366,085 | | | | | (166,573) | | | 199,512 | | | Indefinite-Lived | | | | | | | | | Trademarks | 418,337 | | | | | — | | | 418,337 | | | Total | $ | 784,422 | | | | | $ | (166,573) | | | $ | 617,849 | | | | | | | | | | | Balance at December 28, 2024 | | Gross Carrying Value | | | | Accumulated Amortization | | Net Carrying Value | | Definite Lived Amortizable | | | | | | | | | Franchise agreements | $ | 219,044 | | | | | $ | (77,513) | | | $ | 141,531 | | | License agreements | 11,893 | | | | | (7,132) | | | 4,761 | | | Membership agreements | 11,600 | | | | | (7,673) | | | 3,927 | | | Customer relationships | 82,108 | | | | | (17,224) | | | 64,884 | | | Developed technology | 25,561 | | | | | (22,433) | | | 3,128 | | | Trademarks and other | 14,244 | | | | | (13,696) | | | 548 | | | Total definite lived amortizable | 364,450 | | | | | (145,671) | | | 218,779 | | | Indefinite-Lived | | | | | | | | | Trademarks | 416,015 | | | | | — | | | 416,015 | | | Total | $ | 780,465 | | | | | $ | (145,671) | | | $ | 634,794 | |
The weighted average amortization period for franchise agreements, license agreements, membership agreements, customer relationships, developed technology, and trademarks and other are 27 years, 13 years, 8 years, 13 years, 8 years, and 5 years, respectively.
Amortization expense was $19 million, $23 million, and $25 million for the years ended December 27, 2025, December 28, 2024, and December 30, 2023, respectively. Amortization expense related to definite lived intangible assets for the next five years and thereafter are as follows: | | | | | | | (in thousands) | Amount | | 2026 | $ | 19,006 | | | 2027 | 16,488 | | | 2028 | 15,463 | | | 2029 | 14,961 | | | 2030 | 14,949 | | | Thereafter | 118,645 | | | Total | $ | 199,512 | |
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