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Intangible Assets And Goodwill | 12 Months Ended
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May 25, 2019
Intangible Assets And Goodwill [Abstract] |
Intangible Assets And Goodwill | 4. Intangible Assets and Goodwill ﻿ The following table presents details of our intangible assets, estimated lives and related accumulated amortization (in thousands): ﻿ ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ | As of May 25, 2019 |  | As of May 26, 2018 |
﻿ |  |  | Accumulated |  |  |  |  |  | Accumulated |  |  |
﻿ | Gross |  | Amortization |  | Net |  | Gross |  | Amortization |  | Net |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Customer contracts and relationships (3-8 years) | $ | 14,495 |  | $ | (3,439) |  | $ | 11,056 |  | $ | 14,565 |  | $ | (1,263) |  | $ | 13,302 |
﻿Tradenames (3-10 years) |  | 4,407 |  |  | (1,563) |  |  | 2,844 |  |  | 4,481 |  |  | (560) |  |  | 3,921 |
﻿Consultant list (3 years) |  | 783 |  |  | (462) |  |  | 321 |  |  | 815 |  |  | (205) |  |  | 610 |
﻿Non-compete agreements (3 years) |  | 896 |  |  | (528) |  |  | 368 |  |  | 932 |  |  | (234) |  |  | 698 |
﻿Total | $ | 20,581 |  | $ | (5,992) |  | $ | 14,589 |  | $ | 20,793 |  | $ | (2,262) |  | $ | 18,531 |
﻿ The weighted-average useful lives of the customer contracts and relationships and other are approximately 5.2 and 1.5 years, respectively. ﻿ The following table summarizes amortization expense for the years stated (in thousands): ﻿
﻿ |  |  |  |  |  |  |  |  |
﻿ |  | For the Years Ended
﻿ |  | May 25, |  | May 26, |  | May 27,
﻿ |  | 2019 |  | 2018 |  | 2017
﻿ |  |  |  |  |  |  |  |  |
﻿Amortization expense |  | $ | 3,799 |  | $ | 2,298 |  | $ | -
The following table presents future estimated amortization expense based on existing intangible assets for the years presented (in thousands): ﻿ ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Fiscal Years Ending
﻿ |  |  | 2020 |  |  | 2021 |  |  | 2022 |  |  | 2023 |  |  | 2024
﻿Expected amortization expense |  | $ | 3,770 |  | $ | 2,484 |  | $ | 1,778 |  | $ | 1,778 |  | $ | 1,778
﻿ The following table summarizes the activity in the Company’s goodwill balance (in thousands): ﻿ ﻿ ﻿
﻿ |  |  |  |  |
﻿ |  |  |  |  |
﻿ | For the Years Ended
﻿ | May 25, |  | May 26,
﻿ | 2019 |  | 2018
﻿Goodwill, beginning of year | $ | 191,950 |  | $ | 171,088
﻿Acquisitions-taskforce (see Note 3) |  | - |  |  | 8,749
﻿Acquisitions-Accretive (see Note 3) |  | - |  |  | 11,525
﻿Impact of foreign currency exchange rate changes |  | (1,135) |  |  | 588
﻿Goodwill, end of period | $ | 190,815 |  | $ | 191,950

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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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