Note J - Goodwill and Intangible Assets, Net

3 Months Ended

Sep. 26, 2025

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

J. Goodwill and Intangible Assets, Net

Goodwill represents the excess of the consideration transferred net of the acquisition-date fair values of the identifiable assets acquired and the liabilities assumed.

As of September 26, 2025, changes in the carrying amount of goodwill is summarized as follows:

	Net Book Value Rollforward
Balance at June 30, 2025		2,892
Translation adjustment		(69	)
Balance at September 26, 2025	$	2,823

As of September 26, 2025, the following acquired intangible assets have definite useful lives and are subject to amortization:

	Net Book Value Rollforward									Net Book Value By Asset Type
	Gross Carrying Amount			Accumulated Amortization / Impairment			Net Book Value			Customer Relationships			Technology Know-how			Trade Name			Other			Total
Balance at June 30, 2025	$	43,403		$	(30,042	)	$	13,361		$	7,195		$	1,834		$	2,036		$	2,296		$	13,361
Additions		8			-			8			-			-			-			8			8
Amortization		-			(667	)		(667	)		(326	)		(49	)		(76	)		(216	)		(667	)
Translation adjustment		(332	)		200			(132	)		(72	)		(29	)		(26	)		(5	)		(132	)
Balance at September 26, 2025	$	43,079		$	(30,509	)	$	12,570		$	6,797		$	1,756		$	1,934		$	2,083		$	12,570

Other intangibles consist mainly of computer software. Amortization is recorded on the basis of straight-line or accelerated, as appropriate, over the estimated useful lives of the assets.

The weighted average remaining useful life of the intangible assets included in the table above is approximately 7 years.

Intangible amortization expense was $667 and $926 for the quarters ended September 26, 2025, and September 27, 2024, respectively. Estimated intangible amortization expense for the remainder of fiscal 2026 and each of the next five fiscal years is as follows:

Fiscal Year
2026		2,028
2027		2,608
2028		2,331
2029		1,771
2030		547
2031		500
Thereafter		2,785
	$	12,570