XML 48 R33.htm IDEA: XBRL DOCUMENT v3.19.2
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Jun. 27, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Components of Identifiable Intangible Assets
Intangible assets subject to amortization consist of the following:
 
  
June 27, 2019
  
June 28, 2018
 
Customer relationships
 $21,100  $21,100 
Non-compete
agreements
  270   270 
Brand names
  16,990   16,990 
  
 
 
  
 
 
 
Total intangible assets, gross
  38,360   38,360 
  
 
 
  
 
 
 
Less accumulated amortization:
        
Customer relationships
  (14,466)   (12,182) 
Non-compete
agreements
  (86)   (32) 
Brand names
  (9,182)   (8,492) 
  
 
 
  
 
 
 
Total accumulated amortization
  (23,734)   (20,706) 
  
 
 
  
 
 
 
Net intangible assets
 $14,626  $17,654 
  
 
 
  
 
 
 
Amortization of Intangible Assets
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 27,
2019
  
Year ended

June 28,
2018
  
Year ended

June 29,
2017
 
Amortization of intangible assets
 $3,028  $2,016  $1,369 
  
 
 
  
 
 
  
 
 
 
Summary of Expected Amortization Expense
Expected amortization expense the next five fiscal years is as follows:
 
Fiscal year ending
   
June 25, 2020
  2,501 
June 24, 2021
  2,165 
June 30, 2022
  1,896 
June 29, 2023
  1,657 
June 27, 2024
  1,414 
Summary of Changes in Carrying Amount of Goodwill The changes in the carrying amount of goodwill during the two fiscal years ended June 27, 2019 are as follows:
 
Gross goodwill balance at June 30, 2017
 $8,766 
Accumulated impairment losses
  (8,766) 
Net balance at June 30, 2017
  —   
Goodwill acquired during fiscal 2018
  9,650 
Balance at June 27, 2019
 $9,650