
($ in thousands)
Balance as of June 30, 2025	$	106,201
Acquisitions/impairments	—
Balance as of December 29, 2025	$	106,201
Acquisitions/impairments	—
Balance as of June 29, 2026	$	106,201


	June 29, 2026						December 29, 2025
($ in thousands)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value			Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Subject to amortization:
Customer relationships	$	185,100	$	(50,854)	$	134,246		$	185,100	$	(45,252)	$	139,848
Trade name	55,636		(23,818)		31,818			55,636		(21,086)		34,550
Recipes	27,441		(26,312)		1,129			27,441		(23,567)		3,874
Internal use software	914		(259)		655			239		(48)		191
Total	$	269,091	$	(101,243)	$	167,849		$	268,416	$	(89,953)	$	178,463

Amortization expense totaled $5.6 million and $5.6 million for the three months ended June 29, 2026 and June 30, 2025, respectively, and $11.1 million and $11.1 million for the six months ended June 29, 2026 and June 30, 2025, respectively. For the three months ended June 29, 2026 and June 30, 2025, amortization expense included in cost of sales totaled $1.4 million and $1.4 million, respectively. For the three months ended June 29, 2026 and June 30, 2025, amortization expense included in operating expenses totaled $4.2 million and $4.2 million, respectively. For the six months ended June 29, 2026 and June 30, 2025, amortization expense included in cost of sales totaled $2.7 million and $2.7 million, respectively. For the six months ended June 29, 2026 and June 30, 2025, amortization expense included in operating expenses totaled $8.4 million and $8.4 million, respectively.

As of June 29, 2026, the weighted average remaining useful lives for the customer relationships, trade name, recipes, and internal use software are 12.1, 6.0, 0.4, and 3.4 years, respectively.

Amortization expense is classified as both operating expenses and cost of sales on the condensed consolidated statements of operations. Estimated future amortization expense is as follows:

As of June 29, 2026, the Company had approximately $0.4 million of capitalized internal-use software that had not yet been placed in service and is therefore excluded from the future amortization schedule. Amortization of these costs will commence when the related software is placed in service.