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Goodwill and Intangible Assets (Tables)
 12 Months Ended
Jun. 29, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Components of Identifiable Intangible Assets

Intangible assets subject to amortization consist of the following:

 

June 29, 2023

 

 

June 30, 2022

 

Customer relationships

 

$

21,350

 

 

$

21,100

 

Non-compete agreements

 

 

300

 

 

 

270

 

Brand names

 

 

17,070

 

 

 

16,990

 

Total intangible assets, gross

 

 

38,720

 

 

 

38,360

 

Less accumulated amortization:

 

 

 

 

 

 

Customer relationships

 

 

(19,834

)

 

 

(18,795

)

Non-compete agreements

 

 

(273

)

 

 

(248

)

Brand names

 

 

(11,955

)

 

 

(11,252

)

Total accumulated amortization

 

 

(32,062

)

 

 

(30,295

)

Net intangible assets

 

$

6,658

 

 

$

8,065

 
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 29,
2023

 

 

Year Ended
June 30,
2022

 

 

Year Ended
June 24,
2021

 

Amortization of intangible assets

 

$

1,767

 

 

$

1,896

 

 

$

2,164

 
Summary of Expected Amortization Expense

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

Fiscal Year Ending

 

 

 

June 27, 2024

 

$

1,565

 

June 26, 2025

 

 

1,213

 

June 25, 2026

 

 

880

 

June 24, 2027

 

 

706

 

June 29, 2028

 

 

528

 
Summary of Changes in Carrying Amount of Goodwill The changes in the carrying amount of goodwill during the two fiscal years ended June 29, 2023 are as follows:

Gross goodwill balance at June 25, 2021

 

$

18,416

 

Accumulated impairment losses

 

 

(8,766

)

Net balance at June 25, 2021

 

 

9,650

 

Goodwill acquired during the period

 

 

2,100

 

Net balance at June 29, 2023

 

$

11,750