Goodwill and Intangible Assets, Net

9 Months Ended

Sep. 28, 2024

Goodwill and Indefinite-lived Intangible Assets

Goodwill was $64 million at September 28, 2024 and December 30, 2023. Indefinite-lived trade name/trademarks

totaled $1.4 million at both September 28, 2024 and December 30, 2023.

Definite-lived Intangible Assets

Patents were $2.0 million at both September 28, 2024 and December 30, 2023. Accumulated amortization was $0.9

million at September 28, 2024 and $0.8 million at December 30, 2023. Amortization expense for both the three months

ended September 28, 2024 and September 30, 2023, was $55 thousand, and for both the nine months ended

September 28, 2024 and September 30, 2023 was $0.2 million.

Annual amortization for patents for subsequent years are as follows (in thousands):


2024 (excluding the nine months ended September 28, 2024 )		$55
2025		226
2026		222
2027		222
2028		155
2029		99
Thereafter		46
Total future amortization for definite-lived intangible assets		$1,025