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Note 5 - Goodwill and Intangible Assets

3 Months Ended

Oct. 01, 2023

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

Note 5 – Goodwill and Intangible Assets, Net

The following table presents goodwill by segment and the related change in the net carrying amount:

Consumer

Floral &

Gifts

BloomNet

Gourmet

Foods &

Gift
Baskets

Total

(in thousands)

Balance at July 2, 2023 and October 1, 2023

153,376

The Company’s other intangible assets consist of the following:

				October 1, 2023						July 2, 2023
	Amortization Period			Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
	(in years)			(in thousands)
Intangible assets with determinable lives
Investment in licenses	14	-	16	$	7,420	$	6,595	$	825	$	7,420	$	6,569	$	851
Customer lists	3	-	10		29,071		22,685		6,386		29,071		21,611		7,460
Other	5	-	14		2,946		2,619		327		2,946		2,604		342
Total intangible assets with determinable lives					39,437		31,899		7,538		39,437		30,784		8,653
Trademarks with indefinite lives					131,235		-		131,235		131,235		-		131,235
Total identifiable intangible assets				$	170,672	$	31,899	$	138,773	$	170,672	$	30,784	$	139,888

Intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group may not be recoverable. Future estimated amortization expense is as follows: remainder of fiscal 2024 - $3.3 million, fiscal 2025 - $1.9 million, fiscal 2026 - $1.3 million, fiscal 2027 - $0.5 million, fiscal 2028 - $0.2 million and thereafter - $0.3 million.