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Goodwill and Intangible Assets (Tables)
 3 Months Ended
Mar. 29, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of 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

 
Schedule of future amortization expense 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