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Goodwill and Intangible Assets

3 Months Ended

Mar. 29, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

E. Goodwill and Intangible Assets

Goodwill. No impairment of goodwill was recorded in any period.

Intangible assets. The Company’s intangible assets as of March 29, 2025 and December 28, 2024 were as follows:


		As of March 29, 2025							As of December 28, 2024
	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	$	(1,457	)	$	2,343	$	3,800	$	(1,394	)	$	2,406
Trademarks	10		14,400		(720	)		13,680		14,400		(360	)		14,040
Total intangible assets, net		$	18,200	$	(2,177	)	$	16,023	$	18,200	$	(1,754	)	$	16,446

Amortization expense in the thirteen weeks ended March 29, 2025 was approximately $0.4 million. The Company expects to record future amortization expense as follows:


Fiscal Year	Amount (in thousands)
2025		1,270
2026		1,693
2027		1,693
2028		1,693
2029		1,693
2030		1,693
Thereafter		6,288
Total amortization expense	$	16,023