Note O - Goodwill and Intangible Assets
|3 Months Ended|
Jan. 02, 2021
|Notes to Financial Statements|
|Goodwill and Intangible Assets Disclosure [Text Block]||
Components of intangible assets consist of the following (in thousands):
Goodwill represents the acquired goodwill net of the cumulative impairment losses recorded in fiscal year 2011 of $0.6 million. As of December 2020, the Delta Group segment assets include $18.0 million of goodwill, and the Salt Life segment assets include $19.9 million.
Depending on the type of intangible asset, amortization is recorded under cost of goods sold or selling, general and administrative expenses. Amortization expense for intangible assets was $0.4 million during the December 2020 quarter and $0.5 million during the December 2019 quarter. Amortization expense is estimated to be approximately $1.6 million for fiscal years 2021 and 2022, $1.5 million for fiscal year 2023, and $1.4 million for fiscal years 2024 and 2025.
The entire disclosure for goodwill and intangible assets.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef