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Goodwill and Intangible Assets, Net

9 Months Ended

Dec. 28, 2024

Goodwill and Intangible Assets, Net

Goodwill and Intangible Assets, Net

3. Goodwill and Intangible Assets, Net

​

The Company performs its annual goodwill impairment assessment on the first day of its fourth fiscal quarter, or more frequently if it believes that indicators of impairment exist. The Company’s goodwill balance was $197.5 million as of both December 28, 2024 and March 30, 2024. As of December 28, 2024, the Company had identified no indicators of impairment with respect to its goodwill and intangible asset balances.

​

During both the thirteen and thirty-nine weeks ended December 28, 2024 and December 30, 2023, the Company did not record any long-lived asset impairment charges.

​

Net intangible assets as of December 28, 2024 and March 30, 2024 consisted of the following (in thousands, except for weighted average useful life):

​

​	​	​	​	​	​	​	​	​	​	​	​
​	​	December 28, 2024
​	​	Gross			​	​		​	​		Weighted
​	​	Carrying		​	Accumulated		​	​	​	​	Average
​		Amount			Amortization			Net			Useful Life
Customer lists—definite lived	​	$	345	​	$	(345)	​	$	—		5.0
Trademarks—indefinite lived	​		58,677	​		—	​		58,677	​	​
Total intangible assets	​	$	59,022	​	$	(345)	​	$	58,677	​	​

​

​	​	​	​	​	​	​	​	​	​	​	​
​	​	March 30, 2024
​	​	Gross		​	​	​	​	​	​	​	Weighted
​	​	Carrying		​	Accumulated		​	​	​	​	Average
​		Amount			Amortization			Net			Useful Life
Customer lists—definite lived	​	$	345	​	$	(325)	​	$	20		5.0
Trademarks—indefinite lived	​		58,677	​		—	​		58,677	​	​
Total intangible assets	​	$	59,022	​	$	(325)	​	$	58,697	​	​

​

During the thirteen weeks ended December 28, 2024, the Company did not record amortization expense for intangible assets. During the thirteen weeks ended December 30, 2023 and thirty-nine weeks ended December 28, 2024 and December 30, 2023, amortization expense for intangible assets totaled less than $0.1 million and is included in selling, general and administrative expenses.

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- References

No definition available.

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- Definition

The entire disclosure for all or part of the information related to intangible assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-30/tableOfContent

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-4

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 985
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481283/985-20-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 985
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/985-20/tableOfContent

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