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GOODWILL AND INTANGIBLE ASSETS, NET
 6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS, NET GOODWILL AND INTANGIBLE ASSETS, NET
During the twenty-six weeks ended June 30, 2024, 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 30,
2024		As of December 31,
2023
Internal use software$42,077 $38,336 
Developed technology20,050 20,050 
Total intangible assets
62,127 58,386 
Accumulated amortization(36,516)(30,979)
Intangible assets, net
$25,611$27,407

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 fiscal year ended December 31, 2023.

Amortization expense for intangible assets was $2.8 million and $2.5 million for the thirteen weeks ended June 30, 2024 and June 25, 2023, respectively.

Amortization expense for intangible assets was $5.5 million and $4.5 million for the twenty-six weeks ended June 30, 2024 and June 25, 2023, respectively.

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

2024$5,121 
20258,435 
20266,379 
20274,340 
20281,336 
Total$25,611