Goodwill and Intangible Assets

6 Months Ended

Mar. 29, 2022

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 March 29, 2022 and September 28, 2021 (in thousands):

	March 29, 2022							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	$	25	$	(1	)	$	24	$	50	$	(46	)	$	4
Indefinite-lived intangible    assets:
Trademarks		3,900		-			3,900		3,900		-			3,900
Intangible assets, net	$	3,925	$	(1	)	$	3,924	$	3,950	$	(46	)	$	3,904
Goodwill	$	5,713	$	-		$	5,713	$	5,150	$	-		$	5,150

The Company had no goodwill impairment losses in the periods presented in the above table. The aggregate amortization expense related to these and previously fully-amortized intangible assets subject to amortization was $5,000 for the two quarters ended March 29, 2022 and $8,000 for the two quarters ended March 30, 2021. During the two quarters ended March 29, 2022, the company purchased one previously franchised Bad Daddy’s restaurant in Greenville, SC and in connection with this purchase recorded $563,000 of additional goodwill.