XML 21 R11.htm IDEA: XBRL DOCUMENT v3.23.2
GOODWILL AND INTANGIBLE ASSETS, NET
 6 Months Ended
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 technology20,050 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 
20248,271 
20256,006 
20264,270 
20274,010 
Thereafter1,337 
Total29,397