Floor & Decor Holdings, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Intangible Assets

Intangible Assets

12 Months Ended

Dec. 26, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

5. Intangible Assets

The following summarizes the balances of identifiable intangible assets as of December 26, 2019 and December 27, 2018 (in thousands):


	December 26, 2019					December 27, 2018
		Gross				Gross
	Estimated	Carrying		Accumulated		Carrying		Accumulated
	Useful Lives	Amount		Amortization		Amount		Amortization
Amortizable intangible asset:
Vendor relationships	10 years	$	319	$	(289)	$	319	$	(258)
Indefinite-lived intangible asset:
Trade names			109,269		—		109,269		—
Total		$	109,588	$	(289)	$	109,588	$	(258)

Amortization expense related to amortizable intangible assets for the years ended December 26, 2019, December 27, 2018 and December 28, 2017, was $31 thousand, $32 thousand, and $32 thousand, respectively. Estimated intangible asset amortization for vendor relationships is $30 thousand for fiscal 2020, after which the asset will be fully amortized.