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Goodwill and Intangible Assets | 12 Months Ended
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May 29, 2022
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 2022 and fiscal 2021 (in thousands):
| 2022 |  | 2021
Balance at beginning of year | $ | 33,916 |  |  | $ | 33,916 |
Impairment | (20,035) |  |  | — |
Balance at end of year | $ | 13,881 |  |  | $ | 33,916 |
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 disclosed in Note 1, an impairment charge of $32.1 million and $20.0 million in the Eat Smart and Yucatan Foods reporting units, respectively, was recorded during the year ended May 29, 2022. As of May 29, 2022, the Lifecore reporting unit had $13.9 million of goodwill. Intangible Assets As of May 29, 2022 and May 30, 2021, the Company's intangible assets consisted of the following (in thousands):
|  |  | May 29, 2022 |  | May 30, 2021
| Amortization Period (years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Customer relationships |  |  |  |  |  |  |  |  |
Lifecore | 12 |  | $ | 3,700 |  |  | $ | 3,700 |  |  | $ | 3,700 |  |  | $ | 3,418 |
Yucatan Foods (Curation Foods) | 12 |  | 11,000 |  |  | 3,850 |  |  | 11,000 |  |  | 2,750 |
Total customer relationships |  |  | $ | 14,700 |  |  | $ | 7,550 |  |  | $ | 14,700 |  |  | $ | 6,168 |
Trademarks/tradenames |  |  |  |  |  |  |  |  |
Lifecore |  |  | $ | 4,200 |  |  | $ | — |  |  | $ | 4,200 |  |  | $ | — |
O (Curation Foods) |  |  | 500 |  |  | — |  |  | 500 |  |  | — |
Yucatan Foods (Curation Foods) |  |  | 3,700 |  |  | — |  |  | 12,400 |  |  | — |
Total trademarks/tradenames |  |  | $ | 8,400 |  |  | $ | — |  |  | $ | 17,100 |  |  | $ | — |
Total intangible assets |  |  | $ | 23,100 |  |  | 7,550 |  |  | $ | 31,800 |  |  | $ | 6,168 |
Amortization expense related to finite-lived intangible assets was $1.4 million, $1.4 million, and $1.5 million in fiscal 2022, 2021 and 2020, respectively. The amortization expense for each year presented are as follows (in thousands):
Fiscal year 2023 | $ | 1,100 |
Fiscal year 2024 | 1,100 |
Fiscal year 2025 | 1,100 |
Fiscal year 2026 | 1,100 |
Fiscal year 2027 | 1,100 |
Total | $ | 5,500 |
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. As discussed in Note 1, the Company recognized an impairment of the trademarks in the Curation Foods business segment for Yucatan Foods of $8.7 million during the year ended May 29, 2022.

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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 https://asc.fasb.org/topic&trid=2144416 + Details
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