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Goodwill and Intangible Assets (Tables)
12 Months Ended
Jan. 25, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill Changes in the carrying amount of goodwill during fiscal 2024 and 2025 were as follows (dollars in thousands):
GoodwillAccumulated Impairment LossesTotal
Balance as of January 28, 2023
$521,576 $(249,031)$272,545 
Goodwill from fiscal 2024 acquisition39,446 — 39,446 
Balance as of January 27, 2024
561,022 (249,031)311,991 
Goodwill adjustment from fiscal 2024 acquisition(244)— (244)
Goodwill from fiscal 2025 acquisition18,583 — 18,583 
Balance as of January 25, 2025
$579,361 $(249,031)$330,330 
Impairment Calculation Rates
The table below outlines certain assumptions used in our annual quantitative impairment analyses for fiscal 2025, fiscal 2024, and fiscal 2023:
Fiscal Year Ended
January 25, 2025January 27, 2024January 28, 2023
Terminal Growth Rate
2% - 3%
2.5%
2% - 3%
Discount Rate10.5%10.5%11.5%
Schedule of Intangible Assets
Our intangible assets consisted of the following (dollars in thousands):
January 25, 2025January 27, 2024
Weighted Average Remaining Useful Lives (Years)Gross Carrying AmountAccumulated AmortizationIntangible Assets, NetGross Carrying AmountAccumulated AmortizationIntangible Assets, Net
Customer relationships9.7$452,417 $270,210 $182,207 $338,117 $245,512 $92,605 
Trade names, finite8.314,080 9,293 4,787 13,050 8,723 4,327 
Trade name, indefinite4,700 — 4,700 4,700 — 4,700 
Contract backlog1.537,900 9,890 28,010 11,600 4,335 7,265 
Non-compete agreement2.875 33 42 75 18 57 
$509,172 $289,426 $219,746 $367,542 $258,588 $108,954 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
As of January 25, 2025, total amortization expense for existing finite-lived intangible assets for the next five fiscal years and thereafter is as follows (dollars in thousands):
Amount
2026$48,396 
202738,500 
202826,462 
202919,269 
203018,796 
Thereafter63,623 
Total$215,046