Goodwill and other intangibles, net

3 Months Ended

Sep. 28, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

The following table presents goodwill by segment:


	Consumer Floral & Gifts		BloomNet		Gourmet Foods & Gift Baskets		Total

	(in thousands)
Balance at June 29, 2025 and September 28, 2025	$	34,554	$	2,960	$	111	$	37,625

The total carrying value of goodwill is reflected net of $252.4 million of accumulated impairment charges, of which $119.0 million is related to the Consumer Floral & Gifts reporting unit and $133.4 million is related to the Gourmet Foods & Gift Baskets reporting unit.

The Company’s other intangible assets, net consists of the following:


		September 28, 2025						June 29, 2025
	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	$	6,806	$	614	$	7,420	$	6,780	$	640
Customer lists	3 - 10	29,647		28,233		1,414		29,647		27,818		1,829
Other	5 - 14	2,946		2,739		207		2,946		2,724		222
Total intangible assets with determinable lives		40,013		37,778		2,235		40,013		37,322		2,691
Trademarks with indefinite lives		86,673		-		86,673		86,673		-		86,673
Total identifiable intangible assets		$	126,686	$	37,778	$	88,908	$	126,686	$	37,322	$	89,364

Future estimated amortization expense is as follows: remainder of fiscal 2026 - $0.9 million, fiscal 2027 - $0.6 million, fiscal 2028 - $0.3 million, fiscal 2029 - $0.2 million, fiscal 2030 - $0.1 million and thereafter - $0.1 million.

Additional Goodwill and Indefinite-Lived Intangible Asset Considerations

Fair value determinations require considerable judgment and are sensitive to changes in underlying assumptions, estimates, and market factors. Estimating the fair value of goodwill and indefinite-lived intangible assets requires the Company to make assumptions and estimates regarding our future plans, as well as industry, economic, and regulatory conditions. These assumptions and estimates include estimated future annual net cash flows, income tax considerations, discount rates, long-term growth rates, royalty rates, and other market factors. If current expectations of future growth rates and margins are not met, if market factors outside of our control change, such as discount rates, market capitalization, income tax rates, or inflation, or if management’s expectations or plans otherwise change, including updates to our long-term operating plans, then goodwill or indefinite-lived intangible assets might become impaired in the future.

As discussed in the Annual Report on Form 10-K for the fiscal year ended June 29, 2025, goodwill for the Company’s Consumer Floral & Gifts reporting unit and the Company’s Personalization Mall tradename were impaired during the quarter ended March 30, 2025 and were written down to their respective fair values causing zero excess fair value over the carrying amount as of the impairment test date, resulting in a risk of future impairments if any assumptions (including changes in segments), estimates, or market factors change in the future.