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INTANGIBLE ASSETS | 6 Months Ended
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Jun. 28, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets | INTANGIBLE ASSETS Intangible assets are stated net of accumulated amortization of $46.8 million and $44.3 million at June 28, 2020 and December 29, 2019, respectively. During the twenty-six week periods ended June 28, 2020, the Company added software assets of $71,516 and reclassified $976,954 from property and equipment related to the information technology improvement project. Amortization expense for the fiscal years are comprised of following:
|  | Thirteen Weeks Ended |  |  |  | Twenty-six Weeks Ended |  |
|  | June 28, 2020 |  | June 30, 2019 |  | June 28, 2020 |  | June 30, 2019
Client partner lists |  | $ | 1,040,405 |  |  | $ | 881,525 |  |  | $ | 2,091,021 |  |  | $ | 1,789,624 |
Covenant not to compete |  | 66,395 |  |  | 42,250 |  |  | 136,084 |  |  | 84,500 |
Acquisition intangibles |  | 1,106,800 |  |  | 923,775 |  |  | 2,227,105 |  |  | 1,874,124 |
Computer software - amortization expense |  | 117,945 |  |  | 79,042 |  |  | 185,082 |  |  | 157,776 |
Amortization expense |  | 1,224,745 |  |  | 1,002,817 |  |  | 2,412,187 |  |  | 2,031,900 |
Computer software - selling, general and administrative expense |  | 18,822 |  |  | 19,087 |  |  | 37,644 |  |  | 24,893 |
Total expense |  | $ | 1,243,567 |  |  | $ | 1,021,904 |  |  | $ | 2,449,831 |  |  | $ | 2,056,793 |
As a result of the certain business developments and changes in the Company's long-term projections, the Company concluded a triggering event had occurred that required an interim impairment assessment to be performed. The qualitative assessment thresholds were met on all reporting units except the finance and accounting group. The Company calculated the quantitative impairment test of the finance and accounting group using the relief from royalty method for the indefinite-lived intangible assets and residual method for the definite-lived intangible assets by asset group. In the professional segment, the Company recognized an $3.7 million trade name impairment loss and an $3.5 million client partner list impairment loss during the thirteen week periods ended June 28, 2020.

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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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