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Intangible Assets, Net | 12 Months Ended
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Jun. 24, 2018
Goodwill And Intangible Assets Disclosure [Abstract] |
Intangible Assets, Net | 9. Intangible Assets, Net Intangible assets, net consists of the following:
|  | June 24, 2018 |  |  | June 25, 2017 |
Customer lists |  | $ | 23,615 |  |  | $ | 23,615 |
Non-compete agreements |  |  | 1,925 |  |  |  | 4,050 |
Trademarks, licenses and other |  |  | 185 |  |  |  | 505 |
Total intangible assets, gross |  |  | 25,725 |  |  |  | 28,170 |
Accumulated amortization – customer lists |  |  | (22,527 | ) |  |  | (21,685 | )
Accumulated amortization – non-compete agreements |  |  | (108 | ) |  |  | (3,903 | )
Accumulated amortization – trademarks, licenses and other |  |  | (100 | ) |  |  | (424 | )
Total accumulated amortization |  |  | (22,735 | ) |  |  | (26,012 | )
Total intangible assets, net |  | $ | 2,990 |  |  | $ | 2,158 |
In fiscal 2007, UNIFI purchased certain texturing operations that are included in the Polyester Segment. The valuation of the customer list acquired was determined by estimating the discounted net earnings attributable to the customer relationships that were purchased after considering items such as possible customer attrition. Based on the length and trend of the projected cash flows, an estimated useful life of 13 years was determined. The customer list is amortized through December 2019, in a manner which reflects the expected economic benefit that will be received over its 13-year life. The non-compete agreement was fully amortized in fiscal 2018 and removed from the accompanying consolidated balance sheets accordingly. A customer list and a non-compete agreement were recorded in connection with a business combination in fiscal 2014, utilizing similar valuation methods as described in the above fiscal 2007 transaction. The customer list is amortized over a nine-year estimated useful life based on the expected economic benefit. The non-compete agreement is amortized through December 2018 using the straight line method over the five-year term of the agreement. In fiscal 2018, UNIFI purchased certain dyeing assets that are included in the Polyester Segment. The associated non-compete agreement was valued at $1,875 and is amortized using the straight-line method over its five-year term. UNIFI capitalizes costs incurred to register trademarks for REPREVE® and other PVA products in various countries. UNIFI has determined that these trademarks have varying useful lives of up to three years and are being amortized using the straight-line method. Amortization expense for intangible assets consists of the following:
|  | For the Fiscal Year Ended |
|  | June 24, 2018 |  |  | June 25, 2017 |  |  | June 26, 2016 |
Customer lists |  | $ | 843 |  |  | $ | 1,020 |  |  | $ | 1,233 |
Non-compete agreements |  |  | 205 |  |  |  | 287 |  |  |  | 323 |
Trademarks, licenses and other |  |  | 62 |  |  |  | 74 |  |  |  | 145 |
Total amortization expense |  | $ | 1,110 |  |  | $ | 1,381 |  |  | $ | 1,701 |
The following table presents the expected intangible asset amortization for the next five fiscal years:
|  | 2019 |  |  | 2020 |  |  | 2021 |  |  | 2022 |  |  | 2023 |
Expected amortization |  | $ | 1,075 |  |  | $ | 724 |  |  | $ | 442 |  |  | $ | 422 |  |  | $ | 327 |

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- Definition The entire disclosure for all or part of the information related to 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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