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GOODWILL AND INTANGIBLE ASSETS, NET | 6 Months Ended
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Jun. 26, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS, NET | GOODWILL AND INTANGIBLE ASSETS, NET During the twenty-six weeks ended June 26, 2022, there were no changes in the carrying amount of goodwill of $36.0 million. The following table presents the Company’s intangible assets, net balances:
(dollar amounts in thousands) | As of June 26, 2022 |  | As of December 26, 2021 |  |  |
Internal use software | $ | 28,406 |  |  | $ | 26,122 |  |  |  |
Developed technology | 20,050 |  |  | 20,050 |  |  |  |
Total intangible assets | 48,456 |  |  | 46,172 |  |  |  |
Accumulated amortization | (17,093) |  |  | (13,304) |  |  |  |
Intangible assets, net | $ | 31,363 |  | $ | 32,868 |  |  |
Developed technology intangible assets were recognized in conjunction with the Company’s acquisition of Spyce on September 7, 2021.The estimated useful life of developed technology is five years. As of June 26, 2022, developed technology has not been placed into service. See Note 6 for further details. Amortization expense for intangible assets was $1.9 million and $1.5 million for the thirteen weeks ended June 26, 2022 and June 27, 2021, respectively. Amortization expense for intangible assets was $3.8 million and $2.8 million for the twenty-six weeks ended June 26, 2022 and June 27, 2021, respectively. Estimated amortization of internal use software for each of the next five years is as follows:
(dollar amounts in thousands) |
2022 | $ | 3,657 |
2023 | 5,066 |
2024 | 2,427 |
2025 | 163 |
2026 | — |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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