Crown Crafts, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 9 - Other Intangible Assets

Note 9 - Other Intangible Assets

6 Months Ended

Oct. 02, 2022

Intangible Assets Disclosure [Text Block]

Note 9 – Other Intangible Assets

Other intangible assets as of October 2, 2022 and April 3, 2022 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 2, 2022 and April 3, 2022, the amortization expense for the three- and six-month periods ended October 2, 2022 and September 26, 2021, and the classification of such amortization expense within 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 2,*		*April 3,*		*October 2,*		*April 3,*		*October 2,*		*September 26,*		*October 2,*		*September 26,*
	*2022*		*2022*		*2022*		*2022*		*2022*		*2021*		*2022*		*2021*
Tradename and trademarks	$	2,567	$	2,567	$	1,955	$	1,885	$	35	$	42	$	70	$	85
Non-compete covenants		98		98		98		98		-		2		-		3
Patents		1,601		1,601		1,029		1,003		13		14		26		27
Customer relationships		7,374		7,374		6,145		6,000		73		72		145		144
Total other intangible assets	$	11,640	$	11,640	$	9,227	$	8,986	$	121	$	130	$	241	$	259

Classification within the accompanying unaudited condensed consolidated statements of income:
Cost of products sold									$	-	$	2	$	-	$	3
Marketing and administrative expenses										121		128		241		256
Total amortization expense									$	121	$	130	$	241	$	259