XML 31 R20.htm IDEA: XBRL DOCUMENT
v3.25.1

Note 12 - Goodwill and Intangible Assets | 6 Months Ended
--- | ---
Mar. 29, 2025
Notes to Financial Statements |
Goodwill and Intangible Assets Disclosure [Text Block] | Note 12 Goodwill and Intangible Assets Intangible Assets Our reportable segments are Food Service, Retail Supermarkets and Frozen Beverages. The carrying amounts of acquired intangible assets for the Food Service, Retail Supermarkets and Frozen Beverages segments as of March 29, 2025 and September 28, 2024 are as follows:
|  | March 29, 2025 |  |  | September 28, 2024 |
|  | Gross |  |  |  |  |  |  | Gross |  |  |  |  |
|  | Carrying |  |  | Accumulated |  |  | Carrying |  |  | Accumulated |
|  | Amount |  |  | Amortization |  |  | Amount |  |  | Amortization |
|  | (in thousands) |
FOOD SERVICE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Indefinite lived intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade names |  | $ | 85,424 |  |  | $ | - |  |  | $ | 85,424 |  |  | $ | - |
Amortized intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade names |  |  | 4,024 |  |  |  | 2,012 |  |  |  | 4,024 |  |  |  | 1,006 |
Franchise agreements |  |  | 8,500 |  |  |  | 2,338 |  |  |  | 8,500 |  |  |  | 1,913 |
Customer relationships |  |  | 23,550 |  |  |  | 13,571 |  |  |  | 23,550 |  |  |  | 12,369 |
Technology |  |  | 23,110 |  |  |  | 6,315 |  |  |  | 23,110 |  |  |  | 5,170 |
License and rights |  |  | 1,690 |  |  |  | 1,692 |  |  |  | 1,690 |  |  |  | 1,650 |
TOTAL FOOD SERVICE |  | $ | 146,298 |  |  | $ | 25,928 |  |  | $ | 146,298 |  |  | $ | 22,108 |
RETAIL SUPERMARKETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Indefinite lived intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade names |  | $ | 11,938 |  |  | $ | - |  |  | $ | 11,938 |  |  | $ | - |
TOTAL RETAIL SUPERMARKETS |  | $ | 11,938 |  |  | $ | - |  |  | $ | 11,938 |  |  | $ | - |
FROZEN BEVERAGES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Indefinite lived intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade names |  | $ | 9,315 |  |  | $ | - |  |  | $ | 9,315 |  |  | $ | - |
Distribution rights |  |  | 36,100 |  |  |  | - |  |  |  | 36,100 |  |  |  | - |
Amortized intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  |  | 1,439 |  |  |  | 906 |  |  |  | 1,439 |  |  |  | 844 |
Licenses and rights |  |  | 1,400 |  |  |  | 1,317 |  |  |  | 1,400 |  |  |  | 1,282 |
TOTAL FROZEN BEVERAGES |  | $ | 48,254 |  |  | $ | 2,223 |  |  | $ | 48,254 |  |  | $ | 2,126 |
CONSOLIDATED |  | $ | 206,490 |  |  | $ | 28,151 |  |  | $ | 206,490 |  |  | $ | 24,234 |
Amortizing intangible assets are being amortized by the straight-line method over periods ranging from 2 to 20 years and amortization expense is reflected throughout operating expenses. Aggregate amortization expense of intangible assets for the three months ended March 29, 2025 and March 30, 2024 was $2.0 million and $1.6 million, respectively. Aggregate amortization expense of intangible assets for the six months ended March 29, 2025 and March 30, 2024 was $3.9 million and $3.2 million, respectively. Estimated amortization expense for the next five fiscal years is approximately $3.8 million in 2025 (excluding the six months ended March 29, 2025), $6.6 million in 2026, $4.7 million in 2027, and $4.3 million in both 2028 and 2029. The weighted amortization period of the intangible assets, in total, is 10.0 years. The weighted amortization period by intangible asset class is 10 years for Technology, 10 years for Customer relationships, 20 years for Licenses & rights, 10 years for Franchise agreements, and 2 years for Trade names. Goodwill The carrying amounts of goodwill for the Food Service, Retail Supermarket and Frozen Beverage segments are as follows:
|  | March 29, |  |  | September 28, |
|  | 2025 |  |  | 2024 |
|  | (in thousands) |
Food Service |  | $ | 124,426 |  |  | $ | 124,426 |
Retail Supermarket |  |  | 4,146 |  |  |  | 4,146 |
Frozen Beverages |  |  | 56,498 |  |  |  | 56,498 |
Total goodwill |  | $ | 185,070 |  |  | $ | 185,070 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration