Goodwill and Intangible Assets

3 Months Ended

Dec. 28, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Note 4.Goodwill and Intangible Assets

The following table presents goodwill and intangible assets as of December 28, 2021 and September 28, 2021 (in thousands):

	December 28, 2021						September 28, 2021
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Intangible assets subject to amortization:
Non-compete agreements	$	-	$	-	$	-	$	50	$	(46	)	$	4
Indefinite-lived intangible assets:
Trademarks		3,900		-		3,900		3,900		-			3,900
Intangible assets, net	$	3,900	$	-	$	3,900	$	3,950	$	(46	)	$	3,904
Goodwill	$	5,150	$	-	$	5,150	$	5,150	$	-		$	5,150

8

The Company had no goodwill impairment losses in the periods presented in the above table. The aggregate amortization expense related to these intangible assets subject to amortization was $4,000 for the quarter ended December 28, 2021 and $4,000 for the quarter ended December 29, 2020. The company’s non-compete agreements were fully amortized at the end of the first fiscal quarter of 2021 and were written off at that time.