XML 35 R11.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Goodwill and Other Intangible Assets
3 Months Ended
Dec. 27, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets GOODWILL AND OTHER INTANGIBLE ASSETS:
Goodwill represents the excess of the fair value of consideration paid for an acquired entity over the fair value of assets acquired and liabilities assumed in a business combination. Goodwill is not amortized and is subject to an impairment test that the Company conducts annually or more frequently if a change in circumstances or the occurrence of events indicates that potential impairment exists, using discounted cash flows.
Changes in total goodwill during the three months ended December 27, 2019 is as follows (in thousands):
Segment
September 27, 2019
 
Acquisitions
 
Translation
 
December 27, 2019
FSS United States
$
3,949,218

 
$
728

 
$
15

 
$
3,949,961

FSS International
608,468

 
220

 
17,101

 
625,789

Uniform
961,114

 
40

 
121

 
961,275

 
$
5,518,800

 
$
988

 
$
17,237

 
$
5,537,025


Other intangible assets consist of the following (in thousands):
 
December 27, 2019
 
September 27, 2019
 
Gross Amount
 
Accumulated Amortization
 
Net Amount
 
Gross Amount
 
Accumulated Amortization
 
Net Amount
Customer relationship assets
$
2,189,753

 
$
(1,221,563
)
 
$
968,190

 
$
2,183,492

 
$
(1,193,525
)
 
$
989,967

Trade names
1,050,801

 
(5,218
)
 
1,045,583

 
1,047,959

 
(4,360
)
 
1,043,599

 
$
3,240,554

 
$
(1,226,781
)
 
$
2,013,773

 
$
3,231,451

 
$
(1,197,885
)
 
$
2,033,566


Amortization of intangible assets for the three months ended December 27, 2019 and December 28, 2018 was approximately $29.1 million and $30.4 million, respectively.