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GOODWILL AND INTANGIBLE ASSETS, NET
6 Months Ended
Jun. 29, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS, NET GOODWILL AND INTANGIBLE ASSETS, NET
During the twenty-six weeks ended June 29, 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 June 29,
2025
As of December 29,
2024
Internal use software$50,052 $45,933 
Developed technology20,050 20,050 
Total intangible assets
70,102 65,983 
Accumulated amortization(47,386)(41,943)
Intangible assets, net
$22,716$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 June 29, 2025 and June 30, 2024, respectively.
Amortization expense for intangible assets was $5.4 million and $5.5 million for the twenty-six weeks ended June 29, 2025 and June 30, 2024, respectively.
Estimated future amortization of internal use software and developed technology is as follows:
(dollar amounts in thousands)

2025$5,316 
20269,037 
20276,692 
20281,671 
Total$22,716