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Goodwill and Intangible Assets (Tables)
12 Months Ended
Jun. 26, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Components of Identifiable Intangible Assets

Intangible assets subject to amortization consist of the following:

 

June 26, 2025

 

 

June 27, 2024

 

Customer relationships

 

$

21,350

 

 

$

21,350

 

Brand names

 

 

17,070

 

 

 

17,070

 

Product formulas

 

 

850

 

 

 

850

 

Non-compete agreements

 

 

300

 

 

 

300

 

Total intangible assets, gross

 

 

39,570

 

 

 

39,570

 

Less accumulated amortization:

 

 

 

 

 

 

Customer relationships

 

 

(21,179

)

 

 

(20,680

)

Brand names

 

 

(13,388

)

 

 

(12,668

)

Product formulas

 

 

(283

)

 

 

(121

)

Non-compete agreements

 

 

(292

)

 

 

(279

)

Total accumulated amortization

 

 

(35,142

)

 

 

(33,748

)

Net intangible assets

 

$

4,428

 

 

$

5,822

 

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 26,
2025

 

 

Year Ended
June 27,
2024

 

 

Year Ended
June 29,
2023

 

Amortization of intangible assets

 

$

1,394

 

 

$

1,686

 

 

$

1,767

 

Summary of Expected Amortization Expense

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

Fiscal Year Ending

 

 

 

June 25, 2026

 

$

1,042

 

June 24, 2027

 

 

847

 

June 29, 2028

 

 

677

 

June 28, 2029

 

 

496

 

June 27, 2030

 

 

400

 

 

Summary of Changes in Carrying Amount of Goodwill The changes in the carrying amount of goodwill during the two fiscal years ended June 26, 2025 are as follows:

Gross goodwill balance at June 29, 2023

 

$

20,516

 

Accumulated impairment losses

 

 

(8,766

)

Net 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 June 26, 2025

 

$

11,750