Quarterly report pursuant to Section 13 or 15(d)

Note 10 - Other Intangible Assets

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Note 10 - Other Intangible Assets
6 Months Ended
Oct. 01, 2023
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]

Note 10 Other Intangible Assets

 

Other intangible assets as of October 1, 2023 and April 2, 2023 consisted primarily of the fair value of identifiable assets acquired in business combinations other than tangible assets and goodwill. The gross amount and accumulated amortization of the Company’s other intangible assets as of October 1, 2023 and April 2, 2023 and the amortization expense for the three and six months ended October 1, 2023 and October 2, 2022, the entirety of which has been included in marketing and administrative expenses in the accompanying unaudited condensed consolidated statements of income, are as follows (in thousands):

 

                                   

Amortization Expense

 
   

Gross Amount

   

Accumulated Amortization

   

Three-Month Periods Ended

   

Six-Month Periods Ended

 
   

October 1,

   

April 2,

   

October 1,

   

April 2,

   

October 1,

   

October 2,

   

October 1,

   

October 2,

 
   

2023

   

2023

   

2023

   

2023

   

2023

   

2022

   

2023

   

2022

 

Tradename and trademarks

  $ 2,867     $ 2,867     $ 2,103     $ 2,025     $ 43     $ 35     $ 78     $ 70  

Non-compete covenants

    98       98       98       98       -       -       -       -  

Patents

    1,601       1,601       1,081       1,055       13       13       26       26  

Customer relationships

    8,174       8,174       6,474       6,289       92       73       185       145  

Licensing relationships

    200       200       10       -       5       -       10       -  

Total other intangible assets

  $ 12,940     $ 12,940     $ 9,766     $ 9,467     $ 153     $ 121     $ 299     $ 241