Note 10 - Other Intangible Assets

3 Months Ended

Jul. 02, 2023

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

Note 10 – Other Intangible Assets

Other intangible assets as of July 2, 2023 and April 2, 2023 consisted primarily of the fair value of identifiable assets acquired in business combinations other than tangible assets and goodwill. The gross amount and accumulated amortization of the Company’s other intangible assets as of July 2, 2023 and April 2, 2023 and the amortization expense for the three months ended July 2, 2023 and July 3, 2022, the entirety of which has been included in marketing and administrative expenses in the accompanying unaudited condensed consolidated statements of income, are as follows (in thousands):

									Amortization Expense
	Gross Amount				Accumulated Amortization				Three-Month Periods Ended
	July 2,		April 2,		July 2,		April 2,		July 2,		July 3,
	2023		2023		2023		2023		2023		2022
Tradename and trademarks	$	2,867	$	2,867	$	2,060	$	2,025	$	35	$	35
Non-compete covenants		98		98		98		98		-		-
Patents		1,601		1,601		1,068		1,055		13		13
Customer relationships		8,174		8,174		6,367		6,289		78		72
Licensing relationships		200		200		20		-		20		-
Total other intangible assets	$	12,940	$	12,940	$	9,613	$	9,467	$	146	$	120