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Goodwill and Intangible Assets
12 Months Ended
May 26, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
Goodwill and Intangible Assets
Goodwill
The following table presents the changes in goodwill during fiscal 2019 and fiscal 2018 (in thousands):
 
2019
 
2018
Balance at beginning of year
$
54,510

 
$
54,510

Acquisition of Yucatan (Note 2)
22,232

 

Balance at end of year
$
76,742

 
$
54,510


As of May 26, 2019, the Curation Foods reporting unit had $62.8 million of goodwill and the Lifecore reporting unit had $13.9 million of goodwill.
Intangible Assets
As of May 26, 2019 and May 27, 2018, the Company's intangible assets consisted of the following (in thousands):
 
 
 
May 26, 2019
 
May 27, 2018
 
Amortization Period
(years)
 
Gross Carrying Amount
 
Accumulated Amortization
 
Gross Carrying Amount
 
Accumulated Amortization
Customer relationships
 
 
 
 
 
 
 
 
 
Eat Smart (Curation Foods)
13
 
$
7,500

 
$
4,087

 
$
7,500

 
$
3,510

O (Curation Foods)
11
 
700

 
143

 
700

 
83

Yucatan Foods (Curation Foods)
12
 
11,000

 
550

 

 

Lifecore
12
 
3,700

 
2,801

 
3,700

 
2,493

Total customer relationships
 
 
$
22,900

 
$
7,581

 
$
11,900

 
$
6,086

 
 
 
 
 
 
 
 
 
 
Trademarks and tradenames
 
 
 
 
 
 
 
 
 
Eat Smart (Curation Foods)
 
 
$
9,100

 
$
872

 
$
11,100

 
$
872

O (Curation Foods)
 
 
1,600

 

 
1,600

 

Yucatan Foods (Curation Foods)
 
 
15,900

 

 

 

Lifecore
 
 
4,200

 

 
4,200

 

Total trademarks and tradenames
 
 
$
30,800

 
$
872

 
$
16,900

 
$
872

 
 
 
 
 
 
 
 
 
 
Total intangible assets
 
 
$
53,700

 
8,453

 
$
28,800

 
$
6,958


Amortization expense related to finite-lived intangible assets was $1.5 million, $1.0 million, and $0.9 million in fiscal 2019, 2018, and 2017, respectively. The amortization expense for the next five fiscal years is estimated to be $1.9 million per year.