Annual report [Section 13 and 15(d), not S-K Item 405]

Intangible Assets

v3.25.4
Intangible Assets
 12 Months Ended
Dec. 25, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Intangible Assets
There were no changes in the carrying amount of goodwill for the fiscal years ended December 25, 2025 and December 26, 2024.
The gross carrying amount and accumulated amortization of other intangible assets as of December 25, 2025 and December 26, 2024 are as follows:
December 25, 2025 December 26, 2024
in thousands
Gross carrying amount
 Accumulated amortization Net carrying value
Gross carrying amount
 Accumulated amortization Net carrying value
Amortizable intangible assets:
Customer relationships $ 43,216  $ (15,349) $ 27,867  $ 43,216  $ (11,747) $ 31,469 
Non-compete agreement
 300  (300) —  300  (235) 65 
Total amortizable intangible assets 43,516  (15,649) 27,867  43,516  (11,982) 31,534 
Indefinite-lived intangible assets:
Trade names 118,669  —  118,669  118,669  —  118,669 
Total intangible assets
 $ 162,185  $ (15,649) $ 146,536  $ 162,185  $ (11,982) $ 150,203 
Customer relationships and the non-compete agreement are amortized over their useful lives of 12 years and five years, respectively. Amortization expense related to amortizable intangible assets was $3.7 million, $3.7 million, and $3.5 million for the fiscal years ended December 25, 2025, December 26, 2024, and December 28, 2023, respectively, and was included within SG&A expenses on the Company’s Consolidated Statements of Operations and Comprehensive Income.
As of December 25, 2025, the estimated future amortizable expense related to other intangible assets is $3.6 million for each of 2026, 2027, 2028, 2029, and 2030 and $9.9 million thereafter.