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Note 5 - Goodwill and Intangible Assets, Net

3 Months Ended

Sep. 29, 2024

Goodwill and Intangible Assets Disclosure [Text Block]

Note 5 – Goodwill and Intangible Assets, Net

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

					*Gourmet*
	*Consumer*				*Foods &*
	*Floral &*				*Gift*
	*Gifts*		*BloomNet*		*Baskets*		*Total*
	(in thousands)
Balance at June 30, 2024	$	153,577	$	2,960	$	-	$	156,537
Acquisition of Scharffen Berger		-		-		111		111
Balance at September 29, 2024	$	153,577	$	2,960	$	111	$	156,648

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

		*September 29, 2024*						*June 30, 2024*
		*Gross*						*Gross*
	*Amortization*	*Carrying*		*Accumulated*				*Carrying*		*Accumulated*
	*Period*	*Amount*		*Amortization*		*Net*		*Amount*		*Amortization*		*Net*
	(in years)	(in thousands)
Intangible assets with determinable lives
Investment in licenses	14 - 16	$	7,420	$	6,701	$	719	$	7,420	$	6,674	$	746
Customer lists	3 - 10		29,647		26,576		3,071		29,647		25,932		3,715
Other	5 - 14		2,946		2,678		268		2,946		2,664		282
Total intangible assets with determinable lives			40,013		35,955		4,058		40,013		35,270		4,743
Trademarks with indefinite lives			111,473		-		111,473		111,473		-		111,473
Total identifiable intangible assets		$	151,486	$	35,955	$	115,531	$	151,486	$	35,270	$	116,216

Future estimated amortization expense is as follows: remainder of Fiscal 2025 - $1.4 million, Fiscal 2026 - $1.4 million, Fiscal 2027 - $0.6 million, Fiscal 2028 - $0.3 million, Fiscal 2029 - $0.2 million and thereafter - $0.1 million.