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Goodwill and Intangible Assets (Tables)
 6 Months Ended
Dec. 26, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Components of Identifiable Intangible Assets

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

 

 

December 26,
2024

 

 

June 27,
2024

 

 

December 28,
2023

 

Customer relationships

 

$

21,350

 

 

$

21,350

 

 

$

21,350

 

Brand names

 

 

17,070

 

 

 

17,070

 

 

 

17,070

 

Product formulas

 

 

850

 

 

 

850

 

 

 

850

 

Non-compete agreement

 

 

300

 

 

 

300

 

 

 

300

 

 

 

39,570

 

 

 

39,570

 

 

 

39,570

 

Less accumulated amortization:

 

 

 

 

 

 

 

 

 

Customer relationships

 

 

(21,004

)

 

 

(20,680

)

 

 

(20,356

)

Brand names

 

 

(13,024

)

 

 

(12,668

)

 

 

(12,314

)

Product formulas

 

 

(202

)

 

 

(121

)

 

 

(40

)

Non-compete agreement

 

 

(283

)

 

 

(279

)

 

 

(276

)

 

 

(34,513

)

 

 

(33,748

)

 

 

(32,986

)

Net intangible assets

 

$

5,057

 

 

$

5,822

 

 

$

6,584

 
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 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 December 26, 2024

 

$

11,750