Intangible Assets

12 Months Ended

Dec. 26, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Intangible Assets

Goodwill and changes in the carrying amount of goodwill are as follows for the periods presented:

in thousands	December 26, 2024		December 28, 2023
Goodwill, balance at beginning of year	$	257,940	$	255,473
Acquisition (1)	—		2,467
Goodwill, balance at end of year	$	257,940	$	257,940

(1)    Reflects goodwill related to the Salesmaster Associates (“Salesmaster”) acquisition completed in fiscal 2023. See Note 15, “Acquisitions” for additional details.

The gross carrying amount and accumulated amortization of other intangible assets as of December 26, 2024 and December 28, 2023 are as follows:

	December 26, 2024						December 28, 2023
in thousands	Gross carrying amount		Accumulated amortization		Net carrying value		Gross carrying amount (1)		Accumulated amortization		Net carrying value
Amortizable intangible assets:
Customer relationships	$	43,216	$	(11,747)	$	31,469	$	43,216	$	(8,147)	$	35,069
Non-compete agreement	300		(235)		65		300		(169)		131
Total amortizable intangible assets	43,516		(11,982)		31,534		43,516		(8,316)		35,200
Indefinite-lived intangible assets:
Trade names	118,669		—		118,669		118,669		—		118,669
Total intangible assets	$	162,185	$	(11,982)	$	150,203	$	162,185	$	(8,316)	$	153,869

(1)    Refer to Note 15, “Acquisitions” for details related to intangible assets acquired during fiscal 2023.

Customer relationships and the non-compete agreement are amortized over their useful lives of 12 years and five years, respectively. Amortization expense related to amortizable intangible assets was $3.7 million, $3.5 million, and $3.1 million for the fiscal years ended December 26, 2024, December 28, 2023, and December 29, 2022, respectively, and was included within general and administrative expenses on the Company’s Consolidated Statements of Operations and Comprehensive Income.

As of December 26, 2024, the estimated aggregate future amortizable expense related to other intangible assets is as follows:

in thousands	Amount
2025	$	3,667
2026	3,601
2027	3,601
2028	3,601
2029	3,601
Thereafter	13,463
Total	$	31,534