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Note 7 - Intangible Assets

12 Months Ended

Sep. 28, 2024

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

(7) Intangible Assets

The primary components of our intangible assets and the related accumulated amortization are as follows:

(In thousands)		Weighted- Average Useful Life (Years)			Gross				Accumulated Amortization				Net Book Value
As of September 28, 2024:
Customer relationships		17.1			$	9,870			$	(5,427	)		$	4,443
Developed technology and know-how		20.0				1,800				(908	)			892
Non-competition agreements		5.0				60				(54	)			6
					$	11,730			$	(6,389	)		$	5,341

As of September 30, 2023:
Customer relationships		17.1			$	9,870			$	(4,779	)		$	5,091
Developed technology and know-how		20.0				1,800				(818	)			982
Non-competition agreements		5.0				400				(383	)			17
					$	12,070			$	(5,980	)		$	6,090

Amortization expense for intangibles was $749,000 in 2024, $757,000 in 2023 and $821,000 in 2022. Amortization expense for the next five years is $743,000 in 2025, $752,000 in 2026, $480,000 in 2027, $453,000 in 2028 and $453,000 in 2029.