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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of intangible assets

The Company’s intangible assets as of December 31, 2022 and December 25, 2021 were as follows:

 

 

 

 

 

 

As of December 31, 2022

 

 

As of December 25, 2021

 

 

 

Estimated
Useful

 

 

Gross
Carrying

 

 

Accumulated

 

 

Net Book

 

 

Gross
Carrying

 

 

Accumulated

 

 

Net Book

 

 

 

Life (Years)

 

 

Value

 

 

Amortization

 

 

Value

 

 

Value

 

 

Amortization

 

 

Value

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

 

15

 

 

$

3,800

 

 

$

(886

)

 

$

2,914

 

 

$

3,800

 

 

$

(633

)

 

$

3,167

 

Trademarks

 

Indefinite

 

 

 

73,410

 

 

 

 

 

 

73,410

 

 

 

100,510

 

 

 

 

 

 

100,510

 

Total intangible assets

 

 

 

 

$

77,210

 

 

$

(886

)

 

$

76,324

 

 

$

104,310

 

 

$

(633

)

 

$

103,677

 

Schedule of amortization expense The Company expects to record amortization expense as follows over the five subsequent years:

 

Fiscal Year

 

Amount (in thousands)

 

2023

 

$

253

 

2024

 

 

253

 

2025

 

 

253

 

2026

 

 

253

 

2027

 

 

253

 

Thereafter

 

 

1,649

 

Total amortization to be recorded

 

$

2,914