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Goodwill and Other Intangible Assets

6 Months Ended

Apr. 02, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

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 six months ended April 2, 2021 are as follows (in thousands):


Segment	October 2, 2020		Acquisitions		Translation		April 2, 2021
FSS United States	$	3,953,332	$	6,920	$	65	$	3,960,317
FSS International	426,118		—		14,181		440,299
Uniforms	964,378		27		546		964,951
	$	5,343,828	$	6,947	$	14,792	$	5,365,567

During the second quarter of fiscal 2020, the Company recognized a $198.6 million impairment charge related to one reporting unit in its FSS International segment.

Other intangible assets consist of the following (in thousands):


	April 2, 2021						October 2, 2020
	Gross Amount		Accumulated Amortization		Net Amount		Gross Amount		Accumulated Amortization		Net Amount
Customer relationship assets	$	1,970,874	$	(1,115,565)	$	855,309	$	2,195,700	$	(1,308,002)	$	887,698
Trade names	1,056,366		(3,194)		1,053,172		1,052,744		(7,805)		1,044,939
	$	3,027,240	$	(1,118,759)	$	1,908,481	$	3,248,444	$	(1,315,807)	$	1,932,637

Amortization of intangible assets for the six months ended April 2, 2021 and March 27, 2020 was approximately $57.6 million and $58.2 million, respectively.