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GOODWILL & INTANGIBLE ASSETS | 6 Months Ended
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Jun. 29, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL & INTANGIBLE ASSETS | GOODWILL & INTANGIBLE ASSETS The Company has one reporting unit for goodwill which is evaluated for impairment annually in the fourth quarter of each fiscal year. No impairment charges were recognized for goodwill or indefinite-lived intangible assets for the quarter and two quarters ended June 29, 2025 and June 30, 2024. Intangible assets, net consisted of the following (in thousands):
| As of June 29, 2025
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Indefinite-lived intangible assets: |  |  |  |  |
Trade names | $ | 223,925 |  |  | $ | — |  |  | $ | 223,925 |
Intangible subject to amortization: |  |  |  |  |
Recipes | 56,117 |  |  | (31,372) |  |  | 24,745 |
| $ | 280,042 |  |  | $ | (31,372) |  |  | $ | 248,670 |
| As of December 29, 2024
| Gross Carrying Amount |  | Accumulated Amortization |  |  |  | Net Carrying Amount
Indefinite-lived intangible assets: |  |  |  |  |  |  |
Trade names | $ | 223,925 |  |  | $ | — |  |  |  |  | $ | 223,925 |
Intangible subject to amortization: |  |  |  |  |  |  |
Recipes | 56,117 |  |  | (30,019) |  |  |  |  | 26,098 |
| $ | 280,042 |  |  | $ | (30,019) |  |  |  |  | $ | 250,023 |
Amortization expense was $0.7 million and $1.4 million for the quarter and two quarters ended June 29, 2025 and June 30, 2024, respectively, and is included in depreciation and amortization in the condensed consolidated statements of operations. The estimated aggregate amortization expense related to intangible assets held at June 29, 2025 for the remainder of this year and the succeeding five years and thereafter is as follows (in thousands):
| Estimated Amortization
2025 (excluding the two quarters ended June 29, 2025) | $ | 1,354 |
2026 | 2,707 |
2027 | 2,707 |
2028 | 2,707 |
2029 | 2,150 |
2030 | 1,369 |
2031 and thereafter | 11,751 |
| $ | 24,745 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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