GOODWILL AND INTANGIBLE ASSETS, NET |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 28, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Asset, Goodwill and Other [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| GOODWILL AND INTANGIBLE ASSETS, NET | GOODWILL AND INTANGIBLE ASSETS, NET During the twenty-six weeks ended June 28, 2026, there were no changes in the carrying amount of goodwill of $27.8 million. In connection with the sale of Spyce completed during early fiscal year 2026, the Company allocated $8.2 million of goodwill to the disposal group, which was reflected in the goodwill balance as of December 28, 2025 as the disposal met the criteria for classification as held for sale. See Note 8 for further details. The following table presents the Company’s intangible assets, net balances:
Amortization expense for intangible assets for the thirteen weeks ended June 28, 2026 and June 29, 2025 was $1.7 million and $2.7 million, respectively. Amortization expense for intangible assets for the twenty-six weeks ended June 28, 2026 and June 29, 2025 was $3.5 million and $5.4 million, respectively. Estimated future amortization of internal use software is as follows:
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