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Goodwill and Other Intangibles, Net | 12 Months Ended
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Oct. 01, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangibles, Net | Note 4—Goodwill and Other Intangibles, Net Goodwill The following table details the changes in goodwill (in thousands):
|  | October 1, 2022 |  |  | October 2, 2021 |
Balance at beginning of the year |  | $ | 101,114 |  |  | $ | 93,295 |
Acquisitions, net of measurement period adjustments |  |  | 72,399 |  |  |  | 7,819 |
Balance at the end of the year |  | $ | 173,513 |  |  | $ | 101,114 |
Other Intangible Assets Other intangible assets consisted of the following as of October 1, 2022 (in thousands, except weighted average remaining useful life):
|  | Weighted Average Remaining Useful Life (in Years) |  |  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Trade name and trademarks (finite life) |  |  | 11.0 |  |  | $ | 24,440 |  |  | $ | (5,907 | ) |  | $ | 18,533 |
Trade name and trademarks (indefinite life) |  | Indefinite |  |  |  | 9,350 |  |  |  | — |  |  |  | 9,350 |
Non-compete agreements |  |  | 6.5 |  |  |  | 8,683 |  |  |  | (7,379 | ) |  |  | 1,304 |
Consumer relationships |  |  | 7.9 |  |  |  | 24,100 |  |  |  | (13,339 | ) |  |  | 10,761 |
Other intangibles |  |  | 6.2 |  |  |  | 6,620 |  |  |  | (6,380 | ) |  |  | 240 |
Total |  |  |  |  | $ | 73,193 |  |  | $ | (33,005 | ) |  | $ | 40,188 |
Other intangible assets consisted of the following as of October 2, 2021 (in thousands, except weighted average remaining useful life):
|  | Weighted Average Remaining Useful Life (in Years) |  |  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Trade name and trademarks (finite life) |  |  | 6.6 |  |  | $ | 5,940 |  |  | $ | (5,274 | ) |  | $ | 666 |
Trade name and trademarks (indefinite life) |  | Indefinite |  |  |  | 17,750 |  |  |  | — |  |  |  | 17,750 |
Non-compete agreements |  |  | 7.5 |  |  |  | 8,633 |  |  |  | (7,123 | ) |  |  | 1,510 |
Consumer relationships |  |  | 6.4 |  |  |  | 19,000 |  |  |  | (11,688 | ) |  |  | 7,312 |
Other intangibles |  |  | 7.0 |  |  |  | 6,620 |  |  |  | (5,952 | ) |  |  | 668 |
Total |  |  |  |  | $ | 57,943 |  |  | $ | (30,037 | ) |  | $ | 27,906 |
Other intangible assets consisted of the following as of October 3, 2020 (in thousands, except weighted average remaining useful life):
|  | Weighted Average Remaining Useful Life (in Years) |  |  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Trade name and trademarks (finite life) |  |  | 3.6 |  |  | $ | 5,540 |  |  | $ | (5,139 | ) |  | $ | 401 |
Trade name and trademarks (indefinite life) |  | Indefinite |  |  |  | 17,750 |  |  |  | — |  |  |  | 17,750 |
Non-compete agreements |  |  | 8.3 |  |  |  | 8,633 |  |  |  | (6,872 | ) |  |  | 1,761 |
Consumer relationships |  |  | 6.1 |  |  |  | 17,200 |  |  |  | (10,118 | ) |  |  | 7,082 |
Other intangibles |  |  | 7.4 |  |  |  | 6,584 |  |  |  | (5,687 | ) |  |  | 897 |
Total |  |  |  |  | $ | 55,707 |  |  | $ | (27,816 | ) |  | $ | 27,891 |
Amortization expense was $3.0 million, $2.2 million, and $2.6 million in fiscal 2022, 2021, and 2020, respectively. No impairment of goodwill or other intangible assets was recorded during fiscal 2022, 2021, and 2020. In the fourth quarter of fiscal 2022, an $8.4 million indefinite-lived trade name intangible asset was reclassified to a finite-lived intangible asset due to a change in the way the asset will be utilized in the future. Prior to reclassifying the trade name to a finite-lived intangible asset, the Company tested it for impairment and determined that the fair value of the asset exceeded the carrying value. This trade name was assigned a 10-year estimated useful life and will be amortized over its useful life on a prospective basis. The following table summarizes the estimated future amortization expense related to finite-lived intangible assets on our consolidated balance sheet as of October 1, 2022 (in thousands):
|  | Amount |
2023 |  | $ | 3,507 |
2024 |  |  | 2,868 |
2025 |  |  | 2,772 |
2026 |  |  | 2,525 |
2027 |  |  | 2,402 |
Thereafter |  |  | 16,764 |
Total |  | $ | 30,838 |

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