Goodwill and Intangible Assets

12 Months Ended

Sep. 27, 2022

Goodwill and Intangible Assets [Abstract]

Goodwill and Intangible Assets

2. Goodwill and Intangible Assets:

The following table presents goodwill and intangible assets as of September 27, 2022 and September 28, 2021 (in thousands):

	September 27, 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	$	(5	)	$	20	$	50	$	(46	)	$	4
	$	25	$	(5	)	$	20	$	50	$	(46	)	$	4
Indefinite-lived intangible assets:
Trademarks	$	3,900	$	-		$	3,900	$	3,900	$	-		$	3,900
Intangible assets, net	$	3,925	$	(5	)	$	3,920	$	3,950	$	(46	)	$	3,904
Goodwill	$	5,713	$	-		$	5,713	$	5,150	$	-		$	5,150

As previously discussed in Note 1, the Company recorded a $10,000,000 impairment to goodwill in the second fiscal quarter of 2020 related to goodwill attributable to its Bad Daddy’s reporting unit.

There were no impairments to intangible assets during the fiscal year ended September 27, 2022. The aggregate amortization expense related to these intangible assets subject to amortization was $5,000 for the fiscal year ended September 27, 2022.