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Goodwill and Intangible Assets

12 Months Ended

Mar. 25, 2023

Goodwill and Intangible Assets [Abstract]

Goodwill and Intangible Assets

Note 5 – Goodwill and Intangible Assets



Reconciliation of Changes in Goodwill
(thousands)			2023			2022
Balance at beginning of period		$	776,714		$	689,524
Current fiscal year acquisitions			6,280			87,277
Current fiscal year divestiture			(46,426)			—
Adjustments to prior fiscal year acquisitions			(111)			(87)
Balance at end of period		$	736,457		$	776,714



Intangible Assets		March 25, 2023						March 26, 2022
			Gross			Accumulated			Gross			Accumulated
(thousands)			Carrying Amount			Amortization			Carrying Amount			Amortization
Customer lists		$	31,043		$	23,967		$	38,090		$	24,406
Trade names			16,432			11,139			19,482			11,436
Franchise agreements and reacquired rights			8,800			4,607			8,800			3,848
Other intangible assets			50			50			50			50
Total		$	56,325		$	39,763		$	66,422		$	39,740



Estimated Weighted Average Useful Lives		Life (Years)
Customer lists		10
Trade names		15
Franchise agreements and reacquired rights		12

Amortization expense was $3.7 million, $4.2 million, and $4.1 million for 2023, 2022, and 2021, respectively.



Estimated Future Amortization Expense
(thousands)			Amortization
2024		$	3,254
2025			2,896
2026			2,677
2027			2,327
2028			2,182