Goodwill and Intangible Assets (Tables)

9 Months Ended

Mar. 29, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Components of Identifiable Intangible Assets

Identifiable intangible assets that are subject to amortization, which resulted entirely from the Acquisition, are based on our preliminary purchase price allocation and consist of the following at March 29, 2018:


	March 29, 2018			Weighted-average amortization period (years)
Customer relationships	$	10,500			7.5
Brand names		8,900			13.8
Non-compete agreement		270			5.0

		19,670			11.3
Less accumulated amortization:
Customer relationships		(923	)
Brand names		(230	)
Non-compete agreement		(18	)

		(1,171	)

Net intangible assets	$	18,499

Summary of Expected Amortization Expense

Amortization expense for the remainder of fiscal 2018, based on our preliminary purchase price allocation, is expected to be approximately $843 and expected amortization expense the next five fiscal years is as follows:


Fiscal year ending
June 27, 2019	$	3,028
June 25, 2020		2,500
June 24, 2021		2,162
June 30, 2022		1,894
June 29, 2023		1,659

Summary of Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill during the thirty-nine weeks ended March 29, 2018 are as follows:


Net balance at June 29, 2017	$	—
Goodwill acquired during fiscal 2018		9,650

Net balance at March 29, 2018	$	9,650