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GOODWILL AND INTANGIBLE ASSETS, NET
 9 Months Ended
Sep. 29, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS, NET GOODWILL AND INTANGIBLE ASSETS, NET
During the thirty-nine weeks ended September 29, 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 September 29,
2024		As of December 31,
2023
Internal use software$43,774 $38,336 
Developed technology20,050 20,050 
Total intangible assets
63,824 58,386 
Accumulated amortization(39,281)(30,979)
Intangible assets, net
$24,543$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 for both the thirteen weeks ended September 29, 2024 and September 24, 2023.

Amortization expense for intangible assets was $8.3 million and $7.2 million for the thirty-nine weeks ended September 29, 2024 and September 24, 2023, respectively.

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

2024$2,609 
20259,001 
20266,944 
20274,652 
20281,337 
Total$24,543