Goodwill and Intangible Assets

6 Months Ended

Mar. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Note 4. Goodwill and Intangible Assets

The following table presents goodwill and intangible assets as of March 30, 2021 and September 29, 2020 (in thousands):

	March 30, 2021							September 29, 2020
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Intangible assets subject to amortization:
Non-compete agreements	$	50	$	(36	)	$	14	$	50	$	(28	)	$	22
Indefinite-lived intangible assets:
Trademarks		3,900		-			3,900		3,900		-			3,900
Intangible assets, net	$	3,950	$	(36	)	$	3,914	$	3,950	$	(28	)	$	3,922
Goodwill	$	5,150	$	-		$	5,150	$	5,150	$	-		$	5,150

The Company had no goodwill impairment losses in the year-to-date period ended March 30, 2021. The Company recorded a $10,000,000 impairment to goodwill in the second fiscal quarter of 2020 related to its Bad Daddy’s reporting unit. The aggregate amortization expense related to these intangible assets subject to amortization was $8,000 for the two fiscal quarters ended March 30, 2021. The estimated aggregate future amortization expense as of March 31, 2021 is $14,000, including $8,000 in the remainder of fiscal 2021 and $6,000 during fiscal 2022.