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GOODWILL AND OTHER INTANGIBLE ASSETS
6 Months Ended
Mar. 29, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL AND OTHER INTANGIBLE ASSETS:
Goodwill represents the excess of the fair value of consideration paid for an acquired entity over the fair value of assets acquired and liabilities assumed in a business combination. Goodwill is not amortized and is subject to an impairment test that is conducted annually or more frequently if a change in circumstances or the occurrence of events indicates that potential impairment exists, using discounted cash flows.
Changes in total goodwill for our reporting units during the six months ended March 29, 2024 are as follows (in thousands):
September 29,
2023
TranslationMarch 29,
2024
United States $896,237 $— $896,237 
Canada 67,306 191 67,497 
Total $963,543 $191 $963,734 
Other intangible assets consist of (in thousands):
March 29,
2024
September 29,
2023
Gross AmountAccumulated
Amortization
Net AmountGross AmountAccumulated
Amortization
Net Amount
Customer relationship assets $383,880 $(174,781)$209,099 $383,869 $(161,773)$222,096 
Trade names 16,558 — 16,558 16,512 — 16,512 
$400,438 $(174,781)$225,657 $400,381 $(161,773)$238,608 
Amortization of intangible assets for the three and six months ended March 29, 2024 was approximately $6.5 million and $13.0 million, respectively. Amortization of intangible assets for the three and six months ended March 31, 2023 was approximately $6.5 million and $13.0 million, respectively.