Goodwill attributable to the Retail and Foodservice segments was $435.1 million and $65.4 million, respectively, at June 30, 2026 compared to $157.4 million and $65.4 million, respectively, at June 30, 2025. The increase in goodwill is the result of the Bachan’s acquisition in May 2026. See further discussion in Note 2.

The following table is a rollforward of goodwill by reportable segment from June 30, 2025 to June 30, 2026:


	Retail		Foodservice		Total
Goodwill at beginning of year	$	157,396	$	65,376	$	222,772
Goodwill acquired during the year	277,700		—		277,700
Goodwill at end of year	$	435,096	$	65,376	$	500,472

The following table summarizes our identifiable other intangible assets at June 30:



	2026
Customer Relationships (12-year life)
Gross carrying value	$	84,000
Accumulated amortization	(1,167)
Net carrying value	$	82,833
Proprietary Recipes (16-year life)
Gross carrying value	$	29,000
Accumulated amortization	(302)
Net carrying value	$	28,698
Tradename (17-year life)
Gross carrying value	$	14,000
Accumulated amortization	(137)
Net carrying value	$	13,863












Total net carrying value	$	125,394

Amortization expense for our other intangible assets, which is reflected in Selling, General and Administrative Expenses, was as follows for the year ended June 30:



	2026
Amortization expense	$	1,606

Total annual amortization expense for each of the next five years is estimated to be as follows:



2027	$	9,636
2028	$	9,636
2029	$	9,636
2030	$	9,636
2031	$	9,636