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Goodwill and Intangible Assets (Tables)

12 Months Ended

Jun. 24, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Components of Identifiable Intangible Assets

Intangible assets subject to amortization consist of the following:

		June 24, 2021				June 25, 2020
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			(17,643	)			(16,223	)
Non-compete agreements			(194	)			(139	)
Brand names			(10,562	)			(9,873	)
Total accumulated amortization			(28,399	)			(26,235	)
Net intangible assets		$	9,961			$	12,125

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 24, 2021				Year ended June 25, 2020				Year ended June 27, 2019
Amortization of intangible assets		$	2,164			$	2,501			$	3,028

Summary of Expected Amortization Expense

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

Fiscal year ending
June 30, 2022			1,896
June 29, 2023			1,657
June 27, 2024			1,414
June 26, 2025			1,156
June 25, 2026			861

Summary of Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill during the two fiscal years ended June 24, 2021 are as follows:

Gross goodwill balance at June 28, 2019		$	18,416
Accumulated impairment losses			(8,766	)
Net balance at June 28, 2019			9,650
Fiscal 2020 and 2021 activity			—
Balance at June 24, 2021		$	9,650

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Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life.

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Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
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Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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-Topic 350
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-Name Accounting Standards Codification
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-SubTopic 30
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