XML 40 R29.htm IDEA: XBRL DOCUMENT v3.23.1
Goodwill and Intangible Assets (Tables)
9 Months Ended
Mar. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Components of Identifiable Intangible Assets

Identifiable intangible assets that are subject to amortization consist of the following:

 

 

March 30,
2023

 

 

June 30,
2022

 

 

March 24,
2022

 

Customer relationships

 

$

21,350

 

 

$

21,100

 

 

$

21,100

 

Brand names

 

 

17,070

 

 

 

16,990

 

 

 

16,990

 

Non-compete agreement

 

 

300

 

 

 

270

 

 

 

270

 

 

 

38,720

 

 

 

38,360

 

 

 

38,360

 

Less accumulated amortization:

 

 

 

 

 

 

 

 

 

Customer relationships

 

 

(19,572

)

 

 

(18,795

)

 

 

(18,537

)

Brand names

 

 

(11,776

)

 

 

(11,252

)

 

 

(11,080

)

Non-compete agreement

 

 

(272

)

 

 

(248

)

 

 

(234

)

 

 

(31,620

)

 

 

(30,295

)

 

 

(29,851

)

Net intangible assets

 

$

7,100

 

 

$

8,065

 

 

$

8,509

 

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 since June 25, 2021 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 March 30, 2023

 

$

11,750