Annual report [Section 13 and 15(d), not S-K Item 405]

INTANGIBLE ASSETS

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INTANGIBLE ASSETS
 12 Months Ended
Dec. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
The following tables present components of "intangible assets, net" recorded in the Company's balance sheets:
(In thousands)
Amortization Period
 Amortization Method Cost Accumulated Amortization Net Carrying Amount
December 2024
Finite-lived intangible assets:
Trademarks 16 years Straight-line $ 58,132  $ 51,089  $ 7,043 
Indefinite-lived intangible assets:
Trademarks and trade names 4,189 
Intangible assets, net $ 11,232 
(In thousands)
Amortization Period
 Amortization Method Cost Accumulated Amortization Net Carrying Amount
December 2023
Finite-lived intangible assets:
Trademarks 16 years Straight-line $ 58,132  $ 50,083  $ 8,049 
Indefinite-lived intangible assets:
Trademarks and trade names 4,448 
Intangible assets, net $ 12,497 
Amortization expense was $1.0 million in 2024, 2023 and 2022. Estimated amortization expense for the next five years is $1.0 million each year.
Refer to Note 14 to the Company's financial statements in this Form 10-K for information on the related fair value considerations.