XML 31 R20.htm IDEA: XBRL DOCUMENT
v3.10.0.1

GOODWILL AND OTHER INTANGIBLE ASSETS | 3 Months Ended
--- | ---
Sep. 29, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | Goodwill and Other Intangible Assets The Company recorded goodwill in connection with the Ayrshire and Sabre acquisitions resulting primarily from the synergies that resulted from the Company’s acquisitions and the assembled workforce. The goodwill is not amortized for financial accounting purposes. The goodwill from the acquisitions is not deductible for tax purposes. During the three months ended September 29, 2018 and September 30, 2017, no impairment was recognized. Goodwill was recorded at $10.0 million as of September 29, 2018 and June 30, 2018. The components of acquired intangible assets are as follows (in thousands):
| September 29, 2018
| Amortization Period in Years |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Intangible assets: |  |  |  |  |  |  |
Customer Relationships | 10 |  | 4,803 |  |  | (2,191 | ) |  | 2,612 |
Favorable Lease Agreements | 4 - 7 |  | 2,941 |  |  | (2,057 | ) |  | 884 |
Total |  |  | $ | 7,744 |  |  | $ | (4,248 | ) |  | $ | 3,496 |
| June 30, 2018
| Amortization Period in Years |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Intangible assets: |  |  |  |  |  |  |
Non-Compete Agreements | 3 - 5 |  | $ | 568 |  |  | $ | (568 | ) |  | $ | — |
Customer Relationships | 10 |  | 4,803 |  |  | (2,071 | ) |  | 2,732 |
Favorable Lease Agreements | 4 - 7 |  | 2,941 |  |  | (1,947 | ) |  | 994 |
Total |  |  | $ | 8,312 |  |  | $ | (4,586 | ) |  | $ | 3,726 |
Amortization expense was approximately $230,000 and $277,000 for the three months ended September 29, 2018 and September 30, 2017, respectively. Aggregate amortization expense relative to existing intangible assets by fiscal year is currently estimated to be as follows (in thousands):
Fiscal Years Ending |  | Amount
2019 (1) |  | 588 |
2020 |  | 783 |
2021 |  | 784 |
2022 |  | 531 |
2023 |  | 480 |
Thereafter |  | 330 |
Total amortization expense |  | $ | 3,496 |
(1) Represents estimated amortization for the remaining nine-month period ending June 29, 2019.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration