Note 7 - Intangible Assets

12 Months Ended

Sep. 27, 2025

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

(7) Intangible Assets

The primary components of our intangible assets and the related accumulated amortization are as follows:

(In thousands)	Weighted- Average Useful Life (Years)		Gross		Accumulated Amortization			Net Book Value
As of September 27, 2025:
Customer relationships		18.7	$	21,455	$	(6,614	)	$	14,841
Developed technology and know-how	20.0			1,800		(997	)		803
Non-competition agreements		4.1		990		(276	)		714
Trade name		1.0		350		(329	)		21
Patents		7.0		200		(26	)		174
Total			$	24,795	$	(8,242	)	$	16,553
As of September 28, 2024:
Customer relationships		17.1	$	9,870	$	(5,427	)	$	4,443
Developed technology and know-how	20.0			1,800		(908	)		892
Non-competition agreements		5.0		60		(54	)		6
Total			$	11,730	$	(6,389	)	$	5,341

Amortization expense for intangibles was $1.9 million in 2025, $749,000 in 2024 and $757,000 in 2023. Amortization expense for the next five years is $1.6 million in 2026, $1.3 million in 2027, $1.3 million in 2028, $1.1 million in 2029 and $1.1 million in 2030.