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INTANGIBLE ASSETS | 12 Months Ended
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Jan. 01, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS | INTANGIBLE ASSETS Finite and indefinite lived intangible assets from continuing operations consist of the following at:
|  | January 1, 2023
|  | Gross Value |  | Accumulated Amortization |  | Net Carrying Value
Finite lives: |  |  |  |  |  |
Client partner lists |  | $ | 58,609,423 |  |  | $ | 38,227,373 |  |  | $ | 20,382,050 |
Covenant not to compete |  | 2,391,385 |  |  | 1,886,225 |  |  | 505,160 |
Computer software |  | 7,207,568 |  |  | 3,086,933 |  |  | 4,120,635 |
|  | 68,208,376 |  |  | 43,200,531 |  |  | 25,007,845 |
Indefinite lives: |  |  |  |  |  |
Trade names |  | 23,977,000 |  |  | 1,432,434 |  |  | 22,544,566 |
Total |  | $ | 92,185,376 |  |  | $ | 44,632,965 |  |  | $ | 47,552,411 |
|  | December 26, 2021
|  | Gross Value |  | Accumulated Amortization |  | Net Carrying Value
Finite lives: |  |  |  |  |  |
Client partner lists |  | $ | 44,732,838 |  |  | $ | 36,112,796 |  |  | $ | 8,620,042 |
Covenant not to compete |  | 2,341,385 |  |  | 1,663,444 |  |  | 677,941 |
Computer software |  | 3,594,313 |  |  | 1,851,952 |  |  | 1,742,361 |
|  | 50,668,536 |  |  | 39,628,192 |  |  | 11,040,344 |
Indefinite lives: |  |  |  |  |  |
Trade names |  | 23,977,000 |  |  | 1,432,434 |  |  | 22,544,566 |
Total |  | $ | 74,645,536 |  |  | $ | 41,060,626 |  |  | $ | 33,584,910 |
Estimated future amortization expense from continuing operations for the next five years and thereafter is as follows:
Fiscal Years Ending: |
2023 | $ | 6,563,709 |
2024 | 5,442,478 |
2025 | 4,017,497 |
2026 | 2,882,030 |
2027 | 2,329,279 |
Thereafter | 3,772,852 |
Total | $ | 25,007,845 |
Total amortization expense from continuing operations for Fiscal 2022, 2021 and 2020 was $3.5 million, $3.0 million and $4.1 million, respectively. In Fiscal 2022, the Company added software assets of $1.7 million and reclassified $1.9 million from property and equipment related to the information technology improvement project. At the February 2023 Board of Directors meeting, management’s plan was approved to rebrand as BGSF, eliminating various current trade names. $22.5 million in trade name assets, which will be written off in 2023. Since the trade name asset has an indefinite life, the carrying value is not amortized. Thus, the impairment will have no cash impact.

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -URI https://asc.fasb.org/subtopic&trid=2144471 + Details
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