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Goodwill and Intangible Assets | 12 Months Ended
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May 30, 2021
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 2021 and fiscal 2020 (in thousands):
| 2021 |  | 2020
Balance at beginning of year | $ | 69,386 |  |  | $ | 76,742 |
Yucatan Foods measurement period adjustment | — |  |  | 504 |
Impairment | — |  |  | (7,860) |
Balance at end of year | $ | 69,386 |  |  | $ | 69,386 |
We have determined that the Eat Smart, Yucatan Foods, O, and Lifecore are the appropriate reporting units for testing goodwill for impairment. As disclosed in Note 1, an impairment charge of $5.2 million and $2.7 million in O and Yucatan Foods reporting units, respectively, was recorded during the year ended May 31, 2020. As of May 30, 2021, the Eat Smart, Yucatan, and Lifecore reporting unit had $35.5 million, $20.0 million, and $13.9 million of goodwill, respectively. Intangible Assets As of May 30, 2021 and May 31, 2020, the Company's intangible assets consisted of the following (in thousands):
|  |  | May 30, 2021 |  | May 31, 2020
| Amortization Period (years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Customer relationships |  |  |  |  |  |  |  |  |
Eat Smart (Curation Foods) | 13 |  | $ | 7,500 |  |  | $ | 5,240 |  |  | $ | 7,500 |  |  | $ | 4,663 |
Yucatan Foods (Curation Foods) | 12 |  | 11,000 |  |  | 2,750 |  |  | 11,000 |  |  | 1,650 |
Lifecore | 12 |  | 3,700 |  |  | 3,418 |  |  | 3,700 |  |  | 3,110 |
Total customer relationships |  |  | $ | 22,200 |  |  | $ | 11,408 |  |  | $ | 22,200 |  |  | $ | 9,423 |
Trademarks/tradenames |  |  |  |  |  |  |  |  |
Eat Smart (Curation Foods) |  |  | $ | 9,100 |  |  | $ | 872 |  |  | $ | 9,100 |  |  | $ | 872 |
O (Curation Foods) |  |  | 500 |  |  | — |  |  | 500 |  |  | — |
Yucatan Foods (Curation Foods) |  |  | 12,400 |  |  | — |  |  | 12,400 |  |  | — |
Lifecore |  |  | 4,200 |  |  | — |  |  | 4,200 |  |  | — |
Total trademarks/tradenames |  |  | $ | 26,200 |  |  | $ | 872 |  |  | $ | 26,200 |  |  | $ | 872 |
Total intangible assets |  |  | $ | 48,400 |  |  | 12,280 |  |  | $ | 48,400 |  |  | $ | 10,295 |
Amortization expense related to finite-lived intangible assets was $2.0 million, $2.0 million, and $1.5 million in fiscal 2021, 2020 and 2019, respectively. The amortization expense for each year presented are as follows (in thousands):
Fiscal year 2022 | $ | 1,959 |
Fiscal year 2023 | 1,677 |
Fiscal year 2024 | 1,677 |
Fiscal year 2025 | 1,629 |
Fiscal year 2026 | 1,100 |
Total | $ | 8,042 |
As discussed in Note 1, the Company recognized an impairment of the customer relationships in the Curation Foods business segment (in the O reporting unit) of $0.5 million during the year ended May 31, 2020. In addition, the Company recognized an impairment of the trademarks in the Curation Foods business segment for O and Yucatan Foods of $1.1 million and $3.5 million, respectively during the year ended May 31, 2020.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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