Goodwill and Intangible Assets

3 Months Ended

Mar. 26, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

F. Goodwill and Intangible Assets

No impairment of goodwill was recorded in any period.

The Company’s intangible assets as of March 26, 2022 and December 25, 2021 were as follows:

			As of March 26, 2022							As of December 25, 2021
	Estimated Useful		Gross Carrying		Accumulated			Net Book		Gross Carrying		Accumulated			Net Book
	Life (Years)		Value		Amortization			Value		Value		Amortization			Value
								(in thousands)
Customer Relationships		15	$	3,800	$	(696	)	$	3,104	$	3,800	$	(633	)	$	3,167
Trade Names	Indefinite			100,510		—			100,510		100,510		—			100,510
Total intangible assets			$	104,310	$	(696	)	$	103,614	$	104,310	$	(633	)	$	103,677

Amortization expense in the thirteen weeks ended March 26, 2022 and March 27, 2021 was approximately $63,000. The Company expects to record amortization expense as follows:

Fiscal Year	Amount (in thousands)
Remainder of 2022	$	191
2023		253
2024		253
2025		253
2026		253
2027		253
Thereafter		1,648
Total amortization expense	$	3,104