XML 34 R21.htm IDEA: XBRL DOCUMENT

Intangible Assets

12 Months Ended

Sep. 25, 2021

Intangible Assets, Net (Excluding Goodwill) [Abstract]

7. Intangible Assets

Intangible assets acquired in connection with a 2014 business acquisition are being amortized on a straight-line basis over their estimated useful lives. The estimated weighted average useful life of the identified intangible assets are as follows:


	Estimated Weighted Average Useful Life
Customer relationships		10 years
Trademarks		3 years

Amortization expense was $0.5 million for the year ended September 25, 2021, $0.4 million for the year ended September 26, 2020, and $0.4 million for the year ended September 28, 2019. The following table presents the Company’s intangible assets as of the dates indicated (in thousands):


	Year Ended
	September 25, 2021							September 26, 2020
	Intangibles, gross		Accumulated amortization			Intangibles, net		Intangibles, gross		Accumulated amortization			Intangibles, net
Customer relationships	$	4,656	$	(3,492	)	$	1,164	$	4,400	$	(2,860	)	$	1,540
Trademarks		782		(782	)		—		739		(739	)		—

Intangible assets	$	5,438	$	(4,274	)	$	1,164	$	5,139	$	(3,599	)	$	1,540

The following table presents the estimated future annual

pre-tax

amortization expense of definite-lived intangible assets as of the date indicated (in thousands):


	Total
Fiscal year 2022	$	466
Fiscal year 2023		466
Fiscal year 2024		232

Total	$	1,164