Other Intangible Assets

12 Months Ended

Sep. 27, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

The following table summarizes the components of gross and net acquired intangible assets:


	Gross		Accumulated Amortization		Accumulated Impairment		Net Carrying Value
	(in millions)
September 27, 2025
Marketing-related intangible assets – amortizable	$	26.0	$	(23.3)	$	—	$	2.7
Marketing-related intangible assets – nonamortizable	266.3		—		(35.0)		231.4
Total	292.3		(23.3)		(35.0)		234.1
Customer-related intangible assets – amortizable	421.7		(201.3)		(17.5)		202.9
Other acquired intangible assets – amortizable	41.9		(35.8)		(1.3)		4.8
Other acquired intangible assets – nonamortizable	7.1		—		(1.2)		5.9
Total	49.1		(35.8)		(2.5)		10.7
Total other intangible assets	$	763.0	$	(260.4)	$	(55.0)	$	447.6
September 28, 2024
Marketing-related intangible assets – amortizable	$	26.0	$	(22.8)	$	—	$	3.1
Marketing-related intangible assets – nonamortizable	266.3		—		(35.0)		231.4
Total	292.3		(22.8)		(35.0)		234.5
Customer-related intangible assets – amortizable	421.7		(176.4)		(17.5)		227.8
Other acquired intangible assets – amortizable	39.7		(34.3)		(0.3)		5.1
Other acquired intangible assets – nonamortizable	7.1		—		(1.2)		5.9
Total	46.8		(34.3)		(1.5)		11.0
Total other intangible assets	$	760.8	$	(233.5)	$	(54.0)	$	473.3
September 30, 2023
Marketing-related intangible assets – amortizable	$	22.1	$	(21.5)	$	—	$	0.6
Marketing-related intangible assets – nonamortizable	252.5		—		(29.4)		223.1
Total	274.6		(21.5)		(29.4)		223.7
Customer-related intangible assets – amortizable	416.4		(147.4)		(10.3)		258.8
Other acquired intangible assets – amortizable	39.7		(30.5)		(0.3)		8.9
Other acquired intangible assets – nonamortizable	7.1		—		(1.2)		5.9
Total	46.8		(30.5)		(1.5)		14.8
Total other intangible assets	$	737.8	$	(199.4)	$	(41.2)	$	497.2

Other acquired intangible assets include contract-based and technology-based intangible assets.

As part of its acquisition of TDBBS in fiscal 2024, the Company acquired approximately $17.7 million of marketing-related intangible assets and $5.3 million of customer-related intangible assets. See Note 3 – Acquisitions.

The Company evaluates long-lived assets, including amortizable and indefinite-lived intangible assets, for impairment whenever events or changes in circumstances indicate the carrying value may not be recoverable. The Company evaluates indefinite-lived intangible assets on an annual basis. As a result of market changes and declining sales, factors indicating the carrying value of certain amortizable and indefinite-lived intangible assets may not be recoverable were present in fiscal 2025, 2024 and 2023. The Company performed impairment testing on these assets, found the carrying value was not recoverable, and accordingly, recorded impairment charges of approximately $1.0 million in its Pet segment as part of selling, general and administrative expenses in the consolidated statements of operations for the fiscal year ended September 27, 2025, $12.8 million in its Pet segment as part of selling, general and administrative expenses in the consolidated statements of operations for the fiscal year ended September 28, 2024, and $7.5 million and $3.9 million in its Pet and Garden segments, respectively, as part of selling, general and administrative expenses in the consolidated statements of operations for the fiscal year ended September 30, 2023.

The Company is currently amortizing its acquired intangible assets with definite lives over periods ranging from five years to 25 years; over weighted-average remaining lives of eight years for marketing-related intangibles, ten years for customer-related intangibles and seven years for other acquired intangibles. Amortization expense for intangibles subject to amortization was approximately $27.0 million, $34.1 million and $34.5 million, for fiscal 2025, 2024 and 2023, respectively, and is classified within selling, general and administrative expenses in the consolidated statements of operations. Annual amortization expense related to acquired intangible assets in each of the succeeding five years is estimated to be approximately $24 million per year from fiscal 2026 through fiscal 2028, and $22 million per year from fiscal 2029 through fiscal 2030.