Note 6 - Intangible Assets

9 Months Ended

Jun. 27, 2026

Notes to Financial Statements

Intangible Asset [Text Block]

(6) Intangible Assets

The primary components of our intangible assets and the related accumulated amortization are as follows:

(In thousands)		Weighted- Average Useful Life (Years)				Gross				Accumulated Amortization				Net Book Value
As of June 27, 2026:
Customer relationships		18.7				$	21,455			$	(7,533	)		$	13,922
Developed technology and know-how		20.0					1,800				(1,065	)			735
Non-competition agreements		4.0					930				(388	)			542
Patents		7.0					200				(48	)			152
						$	24,385			$	(9,034	)		$	15,351

As of September 27, 2025:
Customer relationships		18.7				$	21,455			$	(6,614	)		$	14,841
Developed technology and know-how		20.0					1,800				(997	)			803
Non-competition agreements		4.1					990				(276	)			714
Trade name		1.0					350				(329	)			21
Patents		7.0					200				(26	)			174
						$	24,795			$	(8,242	)		$	16,553

Amortization expense for intangibles was $393,000 and $480,000 for the three-month periods ended June 27, 2026, and June 28, 2025, respectively, and $1.2 million and $1.4 million for the nine-month periods ended June 27, 2026, and June 28, 2025, respectively. Amortization expense for the next five years is $424,000 in 2026, $1.3 million in 2027, $1.3 million in 2028, $1.1 million in 2029, $1.1 million in 2030 and $10.2 million thereafter.