Note 6 - Goodwill and Intangible Assets

9 Months Ended

Mar. 29, 2020

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

Note

6

– Goodwill and Intangible Assets

The following table presents goodwill by segment and the related change in the net carrying amount:

	1-800-Flowers.com Consumer Floral		BloomNet Wire Service		Gourmet Foods & Gift Baskets		Total
	(in thousands)
Balance at June 30, 2019	$	17,441	$	-	$	45,149	$	62,590
Acquisition of Shari’s Berries		-		-		12,121		12,121
Balance at March 29, 2020	$	17,441	$	-	$	57,270	$	74,711

The Company’s other intangible assets consist of the following:

			March 29, 2020						June 30, 2019
	Amortization Period		Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
	(in years)		(in thousands)
Intangible assets with determinable lives
Investment in licenses		14-16	$	7,420	$	6,227	$	1,193	$	7,420	$	6,148	$	1,272
Customer lists		2-10		12,825		10,299		2,526		12,184		9,798		2,386
Other		5-14		2,946		2,356		590		2,946		2,280		666
Total intangible assets with determinable lives				23,191		18,882		4,309		22,550		18,226		4,324
Trademarks with indefinite lives				62,191		-		62,191		55,291		-		55,291
Total identifiable intangible assets			$	85,382	$	18,882	$	66,500	$	77,841	$	18,226	$	59,615

Intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group

may

not

be recoverable. Future estimated amortization expense is as follows: remainder of fiscal

2020

-

$0.3

million, fiscal

2021

-

$0.9

million, fiscal

2022

-

$0.6

million, fiscal

2023

-

$0.5

million, fiscal

2024

-

$0.5

million and thereafter -

$1.5

million.