Note 6 - Goodwill and Intangible Assets

9 Months Ended

Mar. 28, 2021

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:

	Consumer Floral & Gifts		BloomNet		Gourmet Foods & Gift Baskets		Total
	(in thousands)
Balance at June 28, 2020	$	17,441	$	-	$	57,270	$	74,711
Acquisition of PersonalizationMall		133,337		-		-		133,337
Balance at March 28, 2021	$	150,778	$	-	$	57,270	$	208,048

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

			March 28, 2021						June 28, 2020
	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	$	6,332	$	1,088	$	7,420	$	6,253	$	1,167
Customer lists		2-10		23,825		12,835		10,990		12,825		10,474		2,351
Other		5-14		2,946		2,458		488		2,946		2,382		564
Total intangible assets with determinable lives				34,191		21,625		12,566		23,191		19,109		4,082
Trademarks with indefinite lives				127,396		-		127,396		62,191		-		62,191
Total identifiable intangible assets			$	161,587	$	21,625	$	139,962	$	85,382	$	19,109	$	66,273

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 2021 - $0.9 million, fiscal 2022 - $3.3 million, fiscal 2023 - $3.3 million, fiscal 2024 - $3.3 million, fiscal 2025 - $0.8 million and thereafter - $1.0 million.