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Note 2 - Goodwill and Intangible Assets
12 Months Ended
Sep. 26, 2023
Notes to Financial Statements  
Goodwill and Intangible Assets Disclosure [Text Block]

2.

Goodwill and Intangible Assets

 

The following table presents goodwill and intangible assets as of September 26, 2023 and September 27, 2022 (in thousands):

 

  

September 26, 2023

  

September 27, 2022

 
  

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  $(14) $36  $25  $(5) $20 

Reacquired franchise rights

 $15  $-  $15  $-  $-  $- 
  $65  $(14) $51  $25  $(5) $20 

Indefinite-lived intangible assets:

                        

Trademarks

 $3,900  $-  $3,900  $3,900  $-  $3,900 

Intangible assets, net

 $3,965  $(14) $3,951  $3,925  $(5) $3,920 
                         

Goodwill

 $5,713  $-  $5,713  $5,713  $-  $5,713 

 

There were no impairments to intangible assets during the fiscal years ended September 26, 2023 or September 27, 2022. The aggregate amortization expense related to these intangible assets subject to amortization was $9,000 for the fiscal year ended September 26, 2023.