Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS

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INTANGIBLE ASSETS
 12 Months Ended
Dec. 30, 2023
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 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 
(In thousands)
Amortization Period
 Amortization Method Cost Accumulated Amortization Net Carrying Amount
December 2022
Finite-lived intangible assets:
Trademarks 16 years Straight-line $ 58,132  $ 49,077  $ 9,055 
Indefinite-lived intangible assets:
Trademarks and trade names 4,306 
Intangible assets, net $ 13,361 
Amortization expense was $1.0 million in 2023, 2022 and 2021. Estimated amortization expense for the next five years is $1.0 million each year.
Refer to Note 14 to the Company's financial statements for information on the related fair value considerations.