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Goodwill and Other Intangible Assets

3 Months Ended

Dec. 29, 2023

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 three months ended December 29, 2023 are as follows (in thousands):


Segment	September 29, 2023		Acquisitions		Translation		December 29, 2023
FSS United States	$	4,164,392	$	24,159	$	58	$	4,188,609
FSS International	451,594		4,898		15,917		472,409
	$	4,615,986	$	29,057	$	15,975	$	4,661,018

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


	December 29, 2023						September 29, 2023
	Gross Amount		Accumulated Amortization		Net Amount		Gross Amount		Accumulated Amortization		Net Amount
Customer relationship assets	$	1,158,560	$	(456,546)	$	702,014	$	1,116,771	$	(433,741)	$	683,030
Trade names	1,142,208		(19,765)		1,122,443		1,137,535		(16,092)		1,121,443
	$	2,300,768	$	(476,311)	$	1,824,457	$	2,254,306	$	(449,833)	$	1,804,473

Amortization of intangible assets for the three months ended December 29, 2023 and December 30, 2022 was $23.9 million and $21.7 million, respectively.