INTANGIBLE AND OTHER ASSETS

9 Months Ended

Oct. 04, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

The following table summarizes intangible and other assets (in thousands):


		October 4, 2025				December 28, 2024
	Useful	Gross		Accumulated		Gross		Accumulated
	Lives	Amount		Amortization		Amount		Amortization
Intangibles-subject to amortization:
Trademarks	10 yrs.	$	3,978	$	3,437	$	3,978	$	3,360

Patents	3 - 20 yrs.	850		588		850		571


Trade name	6 yrs.	4,502		4,502		—		—
Other	7 - 20 yrs.	341		305		340		275
Total intangibles-subject to amortization		9,671		8,832		5,168		4,206
Intangibles-not subject to amortization:
Trade names		8,946				—
Other assets:

Deposits		14,535				14,038

Deferred tax asset-net		25,443				23,857
Restricted cash		2,212				2,454





Debt issuance costs		17,589				1,854
Other		1,988				2,930
Total other assets		61,767				45,133
Total intangible and other assets		$	80,384	$	8,832	$	50,301	$	4,206
Total intangible and other assets-net				$	71,552			$	46,095

During fiscal year 2024, the Company committed to a plan to sell its MICHELE and SKAGEN trade names and recorded the assets to prepaid and other during fiscal year 2024 when the qualifications for assets held for sale were met. During the Third Quarter, due to circumstances previously considered unlikely, the Company decided not to sell its trade names and reclassified the assets as held and used. The MICHELE trade name is recorded at its carrying amount before the asset was classified as held for sale. The SKAGEN trade name was recorded at its carrying amount before the asset was classified as held for sale adjusted for amortization that would have been recognized had the asset been continually classified as held and used, which resulted in the asset being fully amortized.

Amortization expense for intangible assets was $0.6 million and $0.2 million for the Third Quarter and the Prior Year Quarter, respectively, and $0.7 million and $0.7 million for the Year To Date Period and Prior Year YTD Period, respectively. Estimated aggregate future amortization expense by fiscal year for intangible assets is as follows (in thousands):


Fiscal Year	Amortization Expense
2025 (remaining)	$	40
2026	$	138
2027	$	120
2028	$	114
2029	$	83
Thereafter	$	344