XML 48 R38.htm IDEA: XBRL DOCUMENT v3.24.0.1
Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of intangible assets

The Company’s intangible assets were as follows:

 

 

 

 

 

 

As of December 30, 2023

 

 

As of December 31, 2022

 

 

 

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

 

 

$

(1,140

)

 

$

2,660

 

 

$

3,800

 

 

$

(886

)

 

$

2,914

 

Trademarks

 

Indefinite

 

 

 

56,984

 

 

 

 

 

 

56,984

 

 

 

73,410

 

 

 

 

 

 

73,410

 

Total intangible assets

 

 

 

 

$

60,784

 

 

$

(1,140

)

 

$

59,644

 

 

$

77,210

 

 

$

(886

)

 

$

76,324

 

Schedule of amortization expense The Company expects to record amortization expense as follows over the subsequent years:

 

Fiscal Year

 

Amount (in thousands)

 

2024

 

$

253

 

2025

 

 

253

 

2026

 

 

253

 

2027

 

 

253

 

2028

 

 

253

 

Thereafter

 

 

1,395

 

Total amortization to be recorded

 

$

2,660