Quarterly report [Sections 13 or 15(d)]

Note 8 - Intangible Assets

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Note 8 - Intangible Assets
6 Months Ended
Sep. 27, 2026
Notes to Financial Statements  
Intangible Asset and Goodwill [Text Block]

Note 8 –Intangible Assets

 

Intangible Assets: Our finite-lived intangible assets consist primarily of the fair value of identifiable assets acquired in business combinations. The gross amount, accumulated amortization and net balances of the Company’s intangible assets as of September 27, 2026 and March 29, 2026, are as follows (in thousands):

 

   

Gross Amount

   

Accumulated Amortization

   

Net Amount

 
   

September 27,

   

March 29,

   

September 27,

   

March 29,

   

September 27,

   

March 29,

 
   

2026

   

2026

   

2026

   

2026

   

2026

   

2026

 

Tradename and trademarks

  $ 2,751     $ 3,217     $ 1,979     $ 2,405     $ 772     $ 812  

Non-compete covenants

    -       98       -       98       -       -  

Patents

    1,601       1,601       1,239       1,212       362       389  

Customer relationships

    8,051       8,174       7,301       7,292       750       882  

Licensing relationships

    4,800       4,800       782       608       4,018       4,192  

Total intangible assets

  $ 17,203     $ 17,890     $ 11,301     $ 11,615     $ 5,902     $ 6,275  

 

Amortization expense, which is included in marketing and administrative expenses in the accompanying unaudited condensed consolidated statements of income, amounted to $187 thousand for both the three-month periods ended September 27, 2026 and September 28, 2025, and amounted to $374 thousand and $401 thousand for the six-month periods ended September 27, 2026 and September 28, 2025, respectively.