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GOODWILL AND INTANGIBLE ASSETS, NET | 6 Months Ended
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Jun. 25, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS, NET | GOODWILL AND INTANGIBLE ASSETS, NET During the twenty-six weeks ended June 25, 2023, 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 25, 2023 |  | As of December 25, 2022 |  |  |
Internal use software | $ | 34,790 |  |  | $ | 31,502 |  |  |  |
Developed technology | 20,050 |  |  | 20,050 |  |  |  |
Total intangible assets | 54,840 |  |  | 51,552 |  |  |  |
Accumulated amortization | (25,443) |  |  | (20,990) |  |  |  |
Intangible assets, net | $ | 29,397 |  | $ | 30,562 |  |  |
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 and the assets were placed into service during the thirteen weeks ended June 25, 2023. Amortization expense for intangible assets was $2.5 million and $1.9 million for the thirteen weeks ended June 25, 2023 and June 26, 2022, respectively. Amortization expense for intangible assets was $4.5 million and $3.8 million for the twenty-six weeks ended June 25, 2023 and June 26, 2022, respectively. Estimated future amortization of internal use software and developed technology is as follows:
(dollar amounts in thousands) |
2023 | $ | 5,503 |
2024 | 8,271 |
2025 | 6,006 |
2026 | 4,270 |
2027 | 4,010 |
Thereafter | 1,337 |
Total | 29,397 |

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