Note 6 - Intangible Assets

6 Months Ended

Mar. 28, 2026

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

(6) 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 March 28, 2026:
Customer relationships	18.7	$	21,455	$	(7,226	)	$	14,229
Developed technology and know-how	20.0		1,800		(1,042	)		758
Non-competition agreements	4.0		930		(331	)		599
Patents	7.0		200		(41	)		159
		$	24,385	$	(8,640	)	$	15,745
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
		$	24,795	$	(8,242	)	$	16,553

Amortization expense for intangibles was $393,000 and $484,000 for the three-month periods ended March 28, 2026, and March 29, 2025, respectively, and $808,000 and $892,000 for the six-month periods ended March 28, 2026, and March 29, 2025, respectively. Amortization expense for the next five years is $817,000 in 2026, $1.3 million in 2027, $1.3 million in 2028, $1.1 million in 2029, $1.1 million in 2030 and $10.1 million thereafter.