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Goodwill and Intangible Assets (Tables)

3 Months Ended

Apr. 01, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of intangible assets

The Company’s intangible assets as of April 1, 2023 and December 31, 2022 were as follows:


						As of April 1, 2023												As of December 31, 2022
		Estimated Useful				Gross Carrying				Accumulated				Net Book				Gross Carrying				Accumulated				Net Book
		Life (Years)				Value				Amortization				Value				Value				Amortization				Value
														(in thousands)
Customer relationships			15			$	3,800			$	(950	)		$	2,850			$	3,800			$	(886	)		$	2,914
Trade names		Indefinite					73,410				—				73,410				73,410				—				73,410
Total intangible assets, net						$	77,210			$	(950	)		$	76,260			$	77,210			$	(866	)		$	76,324

Schedule of amortization expense

The Company expects to record amortization expense as follows:


Fiscal Year		Amount (in thousands)
Remainder of 2023		$	190
2024			253
2025			253
2026			253
2027			253
2028			253
Thereafter			1,395
Total amortization expense		$	2,850