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Goodwill and Intangible Assets
12 Months Ended
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):
 20212020
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, 2021May 31, 2020
 Amortization Period
(years)
Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated Amortization
Customer relationships
Eat Smart (Curation Foods)13$7,500 $5,240 $7,500 $4,663 
Yucatan Foods (Curation Foods)1211,000 2,750 11,000 1,650 
Lifecore123,700 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 — 
Lifecore4,200 — 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 20231,677 
Fiscal year 20241,677 
Fiscal year 20251,629 
Fiscal year 20261,100 
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.