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Goodwill and Intangible Assets | 9 Months Ended
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Mar. 25, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Note 5 – Goodwill and Intangible Assets Identifiable intangible assets that are subject to amortization consist of the following:
|  | March 25, 2021 |  |  | June 25, 2020 |  |  | March 26, 2020 |
Customer relationships |  | $ | 21,100 |  |  | $ | 21,100 |  |  | $ | 21,100 |
Brand names |  |  | 16,990 |  |  |  | 16,990 |  |  |  | 16,990 |
Non-compete agreement |  |  | 270 |  |  |  | 270 |  |  |  | 270 |
|  |  | 38,360 |  |  |  | 38,360 |  |  |  | 38,360 |
Less accumulated amortization: |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  |  | (17,326 | ) |  |  | (16,223 | ) |  |  | (15,830 | )
Brand names |  |  | (10,390 | ) |  |  | (9,873 | ) |  |  | (9,700 | )
Non-compete agreement |  |  | (180 | ) |  |  | (139 | ) |  |  | (126 | )
|  |  | (27,896 | ) |  |  | (26,235 | ) |  |  | (25,656 | )
Net intangible assets |  | $ | 10,464 |  |  | $ | 12,125 |  |  | $ | 12,704 |
Customer relationships are being amortized on an accelerated basis. The brand names remaining to be amortized consist of the Squirrel Brand and Southern Style Nuts brand names. Total amortization expense related to intangible assets, which is recorded within Administrative expense, was $504 and $1,661 for the quarter and thirty-nine weeks ended March 25, 2021, respectively. Amortization expense for the remainder of fiscal 2021 is expected to be approximately $504 and 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 |
Our net goodwill of $9,650 relates entirely to the Squirrel Brand acquisition completed in the second quarter of fiscal 2018. There was no change in the carrying amount of goodwill during the thirty-nine weeks ended March 25, 2021.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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