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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table provides information related to the carrying amount of the Company’s goodwill:
Total Carrying Amount
(In thousands)
Balance as of January 1, 2022$47,772 
Business combination7,600 
Balance as of December 31, 2022$55,372 
Balance as of December 30, 2023$55,372 
Schedule of Definite-Lived Intangible Assets
The gross carrying amounts, accumulated amortization, and net carrying amounts of our definite-lived intangible assets as of December 30, 2023 were as follows:
Weighted Average Remaining Useful LivesGross Carrying Amounts
Accumulated Amortization(1)
Net Carrying Amounts
($ amounts in thousands)
Customer relationships9$48,500 $(18,816)$29,684 
Non-compete agreements48,954 (8,429)525 
Trade names27,826 (7,243)583 
Total$65,280 $(34,488)$30,792 
(1) Intangible assets except customer relationships are amortized on straight line basis. Certain of our customer relationships are amortized on a double declining balance method and certain others are amortized on a straight line basis.
The gross carrying amounts, accumulated amortization, and net carrying amounts of our definite-lived intangible assets as of December 31, 2022 were as follows:
Weighted Average Remaining Useful LivesGross Carrying Amounts
Accumulated Amortization(1)
Net Carrying Amounts
($ amounts in thousands)
Customer relationships10$48,500 $(15,093)$33,407 
Non-compete agreements58,954 (8,289)665 
Trade names37,826 (6,909)917 
Total$65,280 $(30,291)$34,989 
(1) Intangible assets except customer relationships are amortized on straight line basis. Customer relationships are amortized on a double declining balance method.
Schedule of Definite-Lived Intangible Asset Amortization
Estimated annual amortization expense for definite-lived intangible assets over the next five fiscal years is as follows:
Fiscal Year EndedEstimated Amortization
(In thousands)
2024$3,930 
20253,765 
20263,471 
20273,340 
20283,340