NOTE 4 — GOODWILL AND INTANGIBLE ASSETS

Intangible assets subject to amortization consist of the following:


	June 28, 2018			June 29, 2017
Customer relationships	$	21,100		$	10,600
Non-compete agreements		270			—
Brand names		16,990			8,090

Total intangible assets, gross		38,360			18,690

Less accumulated amortization:
Customer relationships		(12,182	)		(10,600	)
Non-compete agreements		(32	)		—
Brand names		(8,492	)		(8,090	)

Total accumulated amortization		(20,706	)		(18,690	)

Net intangible assets	$	17,654		$	—

Customer relationships relate to the Squirrel Brand acquisition completed in fiscal 2018 and the Orchard Valley Harvest (“OVH”) acquisition completed in fiscal 2010. The customer relationships resulting from the OVH acquisition were fully amortized in fiscal 2017. The brand names consist primarily of the Squirrel Brand and Southern Style Nuts brand names acquired in fiscal 2018 and the Fisher brand name, which we acquired in a 1995 acquisition. The Fisher brand name was fully amortized in fiscal 2011. The remainder of the brand name relates to the OVH acquisition which was fully amortized in fiscal 2015. The weighted-average amortization period of the remaining intangible assets is 11.3 years.

Total amortization expense related to intangible assets, which is classified in administrative expense in the Consolidated Statement of Comprehensive Income, was as follows for the last three fiscal years:


	Year ended June 28, 2018		Year ended June 29, 2017		Year ended June 30, 2016
Amortization of intangible assets	$	2,016	$	1,369	$	1,710

Expected amortization expense the next five fiscal years is as follows:


Fiscal year ending
June 27, 2019	$	3,028
June 25, 2020		2,501
June 24, 2021		2,165
June 30, 2022		1,896
June 29, 2023		1,657

Our net goodwill of $9,650 relates entirely to the Squirrel Brand acquisition completed in fiscal 2018. The changes in the carrying amount of goodwill during the two fiscal years ended June 28, 2018 are as follows:


Gross goodwill balance at July 1, 2016	$	8,766
Accumulated amortization and impairments		(8,766	)

Net balance at July 1, 2016		—
Goodwill acquired during fiscal 2018		9,650

Net balance at June 28, 2018	$	9,650