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Goodwill and Other Intangible Assets
3 Months Ended
Dec. 27, 2024
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, 2024 are as follows (in thousands):
Segment
September 27, 2024AcquisitionsTranslationDecember 27, 2024
FSS United States$4,184,547 $6,392 $(173)$4,190,766 
FSS International492,654 61,580 (31,375)522,859 
$4,677,201 $67,972 $(31,548)$4,713,625 
Other intangible assets consist of the following (in thousands):
December 27, 2024September 27, 2024
Gross AmountAccumulated AmortizationNet AmountGross AmountAccumulated AmortizationNet Amount
Customer relationship assets$1,212,430 $(537,861)$674,569 $1,168,108 $(521,102)$647,006 
Trade names1,198,059 (46,497)1,151,562 1,197,486 (39,890)1,157,596 
$2,410,489 $(584,358)$1,826,131 $2,365,594 $(560,992)$1,804,602 
Amortization of intangible assets for the three months ended December 27, 2024 and December 29, 2023 was $28.5 million and $23.9 million, respectively.