v3.22.4

Intangibles | 6 Months Ended
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Dec. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangibles | Intangibles The following tables present details of the Company’s intangibles:
(in thousands) | Gross Carrying Amount |  | Accumulated Amortization |  | Foreign Currency Translation Adjustment |  | Net
As of December 30, 2022 |  |  |  |  |  |  |
Software | $ | 11,046 |  |  | $ | (8,262) |  |  | $ | — |  |  | $ | 2,784 |
Customer relationships | 4,373 |  |  | (3,784) |  |  | (54) |  |  | 535 |
Total intangibles | $ | 15,419 |  |  | $ | (12,046) |  |  | $ | (54) |  |  | $ | 3,319 |
(in thousands) | Gross Carrying Amount |  | Accumulated Amortization |  | Foreign Currency Translation Adjustment |  | Net
As of June 24, 2022 |  |  |  |  |  |  |
Software | $ | 10,484 |  |  | $ | (7,681) |  |  | $ | — |  |  | $ | 2,803 |
Customer relationships | 4,373 |  |  | (3,610) |  |  | (58) |  |  | 705 |
Backlog | 119 |  |  | (119) |  |  | — |  |  | — |
Total intangibles | $ | 14,976 |  |  | $ | (11,410) |  |  | $ | (58) |  |  | $ | 3,508 |
The Company recorded amortization expense relating to intangibles of $0.4 million for each of the three months ended December 30, 2022 and December 24, 2021, and $0.8 million for each of the six months ended December 30, 2022 and December 24, 2021. The weighted-average remaining life of software and customer relationships was:
(years) | As of December 30, 2022 |  | As of June 24, 2022
Software | 3.4 |  | 3.8
Customer relationships | 2.8 |  | 3.1
Total intangibles | 3.5 |  | 3.8
Based on the carrying amount of intangibles as of December 30, 2022, and assuming no future impairment of the underlying assets, the estimated future amortization during each fiscal year was as follows:
(in thousands) |
2023 (remaining six months) | $ | 666 |
2024 | 1,201 |
2025 | 725 |
2026 | 508 |
2027 | 192 |
Thereafter | 27 |
Total | $ | 3,319 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -URI https://asc.fasb.org/subtopic&trid=2144471 + Details
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