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Goodwill and Other Intangible Assets

6 Months Ended

Apr. 01, 2022

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 1, 2022 are as follows (in thousands):


Segment	October 1, 2021		Acquisitions		Translation		April 1, 2022
FSS United States	$	4,087,936	$	983	$	14	$	4,088,933
FSS International	434,465		25,072		(8,527)		451,010
Uniforms	964,896		—		99		964,995
	$	5,487,297	$	26,055	$	(8,414)	$	5,504,938

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


	April 1, 2022						October 1, 2021
	Gross Amount		Accumulated Amortization		Net Amount		Gross Amount		Accumulated Amortization		Net Amount
Customer relationship assets	$	1,371,406	$	(446,744)	$	924,662	$	2,106,423	$	(1,173,092)	$	933,331
Trade names	1,105,871		(3,431)		1,102,440		1,100,579		(5,288)		1,095,291
	$	2,477,277	$	(450,175)	$	2,027,102	$	3,207,002	$	(1,178,380)	$	2,028,622

Amortization of intangible assets for the six months ended April 1, 2022 and April 2, 2021 was approximately $54.4 million and $57.6 million, respectively.