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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 27, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of intangible assets

The Company’s intangible assets as of March 27, 2021 and December 26, 2020 were as follows:

 

 

 

 

 

 

 

As of March 27, 2021

 

 

As of December 26, 2020

 

 

 

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

 

 

$

(443

)

 

$

3,357

 

 

$

3,800

 

 

$

(380

)

 

$

3,420

 

Trade Names

 

Indefinite

 

 

 

100,510

 

 

 

 

 

 

100,510

 

 

 

100,510

 

 

 

 

 

 

100,510

 

Total intangible assets

 

 

 

 

 

$

104,310

 

 

$

(443

)

 

$

103,867

 

 

$

104,310

 

 

$

(380

)

 

$

103,930

 

Schedule of amortization expense The Company expects to record amortization expense as follows over the remaining current year and the five subsequent years:

 

Fiscal Year

 

Amount (in thousands)

 

Remainder of 2021

 

$

190

 

2022

 

 

253

 

2023

 

 

253

 

2024

 

 

253

 

2025

 

 

253

 

2026

 

 

253