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Goodwill and Other Intangibles, Net (Tables)
12 Months Ended
Oct. 01, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Goodwill

The following table details the changes in goodwill (in thousands):

 

 

October 1, 2022

 

 

October 2, 2021

 

Balance at beginning of the year

 

$

101,114

 

 

$

93,295

 

Acquisitions, net of measurement period adjustments

 

 

72,399

 

 

 

7,819

 

Balance at the end of the year

 

$

173,513

 

 

$

101,114

 

Summary of Other Intangible Assets

Other intangible assets consisted of the following as of October 1, 2022 (in thousands, except weighted average remaining useful life):

 

 

Weighted
Average
Remaining
Useful Life
(in Years)

 

 

Gross
Carrying
Value

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

Trade name and trademarks (finite life)

 

 

11.0

 

 

$

24,440

 

 

$

(5,907

)

 

$

18,533

 

Trade name and trademarks (indefinite life)

 

Indefinite

 

 

 

9,350

 

 

 

 

 

 

9,350

 

Non-compete agreements

 

 

6.5

 

 

 

8,683

 

 

 

(7,379

)

 

 

1,304

 

Consumer relationships

 

 

7.9

 

 

 

24,100

 

 

 

(13,339

)

 

 

10,761

 

Other intangibles

 

 

6.2

 

 

 

6,620

 

 

 

(6,380

)

 

 

240

 

Total

 

 

 

 

$

73,193

 

 

$

(33,005

)

 

$

40,188

 

 

Other intangible assets consisted of the following as of October 2, 2021 (in thousands, except weighted average remaining useful life):

 

 

Weighted
Average
Remaining
Useful Life
(in Years)

 

 

Gross
Carrying
Value

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

Trade name and trademarks (finite life)

 

 

6.6

 

 

$

5,940

 

 

$

(5,274

)

 

$

666

 

Trade name and trademarks (indefinite life)

 

Indefinite

 

 

 

17,750

 

 

 

 

 

 

17,750

 

Non-compete agreements

 

 

7.5

 

 

 

8,633

 

 

 

(7,123

)

 

 

1,510

 

Consumer relationships

 

 

6.4

 

 

 

19,000

 

 

 

(11,688

)

 

 

7,312

 

Other intangibles

 

 

7.0

 

 

 

6,620

 

 

 

(5,952

)

 

 

668

 

Total

 

 

 

 

$

57,943

 

 

$

(30,037

)

 

$

27,906

 

Other intangible assets consisted of the following as of October 3, 2020 (in thousands, except weighted average remaining useful life):

 

 

Weighted
Average
Remaining
Useful Life
(in Years)

 

 

Gross
Carrying
Value

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

Trade name and trademarks (finite life)

 

 

3.6

 

 

$

5,540

 

 

$

(5,139

)

 

$

401

 

Trade name and trademarks (indefinite life)

 

Indefinite

 

 

 

17,750

 

 

 

 

 

 

17,750

 

Non-compete agreements

 

 

8.3

 

 

 

8,633

 

 

 

(6,872

)

 

 

1,761

 

Consumer relationships

 

 

6.1

 

 

 

17,200

 

 

 

(10,118

)

 

 

7,082

 

Other intangibles

 

 

7.4

 

 

 

6,584

 

 

 

(5,687

)

 

 

897

 

Total

 

 

 

 

$

55,707

 

 

$

(27,816

)

 

$

27,891

 

Summary of Estimated Future Amortization Expense Related to Finite-Lived Intangible Assets

The following table summarizes the estimated future amortization expense related to finite-lived intangible assets on our consolidated balance sheet as of October 1, 2022 (in thousands):

 

 

Amount

 

2023

 

$

3,507

 

2024

 

 

2,868

 

2025

 

 

2,772

 

2026

 

 

2,525

 

2027

 

 

2,402

 

Thereafter

 

 

16,764

 

Total

 

$

30,838