Note O - Goodwill and Intangible Assets |
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Goodwill and Intangible Assets Disclosure [Text Block] |
Note O—Goodwill and Intangible Assets Components of intangible assets consist of the following (in thousands):
Goodwill represents the acquired goodwill net of the $0.6 million cumulative impairment losses recorded in fiscal year 2011. The goodwill recorded on our financial statements is included in both of our segments, with $18.0 million and $19.9 million included in the Delta Group and Salt Life Group, respectively.On October 8, 2018, we acquired substantially all of the assets of Silk Screen Ink, Ltd. d/b/a SSI Digital Print Services. See Note D—Acquisitions. We have identified certain intangible assets associated with the acquisition, including technology, customer relationships, non-compete agreements and goodwill. While we are still in the process of finalizing the valuations of the intangible assets acquired, we provisionally valued goodwill associated with SSI at $4.5 million, and customer relationships and non-compete agreements at $2.9 million.Amortization expense for intangible assets was
$0.4 million for the three -month periods ended June 29, 2019 June 30, 2018 $1.4 million for the nine June 29, 2019 $0.9 million for the nine June 30, 2018 $2.0 million for fiscal year 2019, $1.8 million for fiscal year 2020, and $1.7 million for each of fiscal years 2021, 2022 and 2023.
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