v3.26.1
Goodwill and Other Intangible Assets, Net
 6 Months Ended
Jun. 28, 2026
Goodwill and Other Intangible Assets, Net [Abstract]  
Goodwill and Other Intangible Assets, Net

(7) Goodwill and Other Intangible Assets, Net

 

Goodwill

 

Goodwill as of June 28, 2026 and December 28, 2025 was as follows (in thousands):

 

   Residential
Solar
Installation		   New Homes   Dealer   Total 
Balance as of December 28, 2025                
Goodwill  $30,808    
—
   $31,822   $62,630 
Accumulated impairment losses   
—
    
—
    
—
    
—
 
Total   30,808    
—
    31,822    62,630 
Goodwill acquired in business combinations   
—
    12,977    
—
    12,977 
Balance as of June 28, 2026                    
Goodwill   30,808    12,977    31,822    75,607 
Accumulated impairment losses   
—
    
—
    
—
    
—
 
Total  $30,808   $12,977   $31,822   $75,607 

 

Intangible Assets, Net

 

The following tables present intangible assets with finite useful lives as of June 28, 2026 and December 28, 2025 (in thousands):

 

As of June 28, 2026  Gross
Carrying
Amount		   Accumulated
Amortization		   Net Book
Value		 
Customer related intangibles  $35,100   $(6,019)  $29,081 
Trademarks   20,394    (3,097)   17,297 
Developed technology   5,300    (2,925)   2,375 
Lease intangible asset   771    (53)   718 
Total  $61,565   $(12,094)  $49,471 
As of December 28, 2025  Gross
Carrying
Amount		   Accumulated
Amortization		   Net Book
Value		 
Customer related intangibles  $34,000   $(3,198)  $30,802 
Trademarks   18,394    (1,707)   16,687 
Developed technology   5,300    (1,975)   3,325 
Total  $57,694   $(6,880)  $50,814 

 

Aggregate amortization expense for intangible assets was $2.3 million and $0.7 million in the thirteen week periods ended June 28, 2026 and June 29, 2025, respectively. Aggregate amortization expense for intangible assets was $5.2 million and $1.4 million in the twenty-six week periods ended June 28, 2026 and June 29, 2025, respectively. Amortization expense for developed technology is classified in cost of revenues and all other amortization expense is classified in general and administrative expenses on the Company’s unaudited condensed consolidated statements of operations and comprehensive income.