XML 20 R11.htm IDEA: XBRL DOCUMENT v3.23.3
GOODWILL AND INTANGIBLE ASSETS, NET
 9 Months Ended
Sep. 24, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS, NET GOODWILL AND INTANGIBLE ASSETS, NET
During the thirty-nine weeks ended September 24, 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 September 24,
2023		As of December 25,
2022
Internal use software$36,732 $31,502 
Developed technology20,050 20,050 
Total intangible assets
56,782 51,552 
Accumulated amortization(28,233)(20,990)
Intangible assets, net
$28,549$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 thirty-nine weeks ended September 24, 2023.

Amortization expense for intangible assets was $2.8 million and $2.0 million for the thirteen weeks ended September 24, 2023 and September 25, 2022, respectively.

Amortization expense for intangible assets was $7.2 million and $5.8 million for the thirty-nine weeks ended September 24, 2023 and September 25, 2022, respectively.

Estimated future amortization of internal use software and developed technology is as follows:
(dollar amounts in thousands)

2023$2,673 
20249,190 
20256,637 
20264,667 
20274,046 
Thereafter1,336 
Total$28,549