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Goodwill and Intangible Assets (Tables) | 3 Months Ended
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Sep. 26, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Components of Identifiable Intangible Assets | Identifiable intangible assets subject to amortization consist of the following:
|  | September 26, 2024 |  |  | June 27, 2024 |  |  | September 28, 2023 |
Customer relationships |  | $ | 21,350 |  |  | $ | 21,350 |  |  | $ | 21,350 |
Brand names |  |  | 17,070 |  |  |  | 17,070 |  |  |  | 17,070 |
Product formulas |  |  | 850 |  |  |  | 850 |  |  |  | - |
Non-compete agreement |  |  | 300 |  |  |  | 300 |  |  |  | 300 |
|  |  | 39,570 |  |  |  | 39,570 |  |  |  | 38,720 |
Less accumulated amortization: |  |  |  |  |  |  |  |  |
Customer relationships |  |  | (20,842 | ) |  |  | (20,680 | ) |  |  | (20,095 | )
Brand names |  |  | (12,845 | ) |  |  | (12,668 | ) |  |  | (12,134 | )
Product formulas |  |  | (162 | ) |  |  | (121 | ) |  |  | - |
Non-compete agreement |  |  | (280 | ) |  |  | (279 | ) |  |  | (275 | )
|  |  | (34,129 | ) |  |  | (33,748 | ) |  |  | (32,504 | )
Net intangible assets |  | $ | 5,441 |  |  | $ | 5,822 |  |  | $ | 6,216 |
Summary of Expected Amortization Expense | Amortization expense for the remainder of fiscal 2025 is expected to be approximately $993 and expected amortization expense the next five fiscal years is as follows:
Fiscal Year Ending |  |  |
June 25, 2026 |  | $ | 1,038 |
June 24, 2027 |  |  | 863 |
June 29, 2028 |  |  | 685 |
June 28, 2029 |  |  | 496 |
June 27, 2030 |  |  | 400 |
Summary of Changes in Carrying Amount of Goodwill | The changes in the carrying amount of goodwill since June 29, 2023 are as follows:
Gross goodwill balance at June 29, 2023 |  | $ | 20,516 |
Accumulated impairment losses |  |  | (8,766 | )
Net goodwill balance at June 29, 2023 |  |  | 11,750 |
Goodwill acquired during fiscal 2024 |  |  | — |
Net balance at June 27, 2024 |  |  | 11,750 |
Goodwill acquired during fiscal 2025 |  |  | — |
Net balance at September 26, 2024 |  | $ | 11,750 |

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