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GOODWILL AND INTANGIBLE ASSETS, NET
3 Months Ended
Mar. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS, NET GOODWILL AND INTANGIBLE ASSETS, NET
During the thirteen weeks ended March 30, 2025, 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 March 30,
2025
As of December 29,
2024
Internal use software$48,252 $45,933 
Developed technology20,050 20,050 
Total intangible assets
68,302 65,983 
Accumulated amortization(44,650)(41,943)
Intangible assets, net
$23,652$24,040

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.

Amortization expense for intangible assets was $2.7 million and $2.8 million for the thirteen weeks ended March 30, 2025 and March 31, 2024, respectively.
Estimated future amortization of internal use software and developed technology is as follows:
(dollar amounts in thousands)

2025$7,689 
20268,437 
20276,092 
20281,434 
Total$23,652