INTANGIBLE ASSETS

12 Months Ended

Dec. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

INTANGIBLE ASSETS

The following tables present components of "intangible assets, net" recorded in the Company's balance sheets:

(In thousands)	Amortization Period	Amortization Method	Cost		Accumulated Amortization		Net Carrying Amount
December 2023
Finite-lived intangible assets:
Trademarks	16 years	Straight-line	$	58,132	$	50,083	$	8,049
Indefinite-lived intangible assets:
Trademarks and trade names							4,448
Intangible assets, net							$	12,497

(In thousands)	Amortization Period	Amortization Method	Cost		Accumulated Amortization		Net Carrying Amount
December 2022
Finite-lived intangible assets:
Trademarks	16 years	Straight-line	$	58,132	$	49,077	$	9,055
Indefinite-lived intangible assets:
Trademarks and trade names							4,306
Intangible assets, net							$	13,361

Amortization expense was $1.0 million in 2023, 2022 and 2021. Estimated amortization expense for the next five years is $1.0 million each year.

Refer to Note 14 to the Company's financial statements for information on the related fair value considerations.