Goodwill and Other Intangibles, Net

6 Months Ended

Apr. 04, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Note 3—Goodwill and Other Intangibles, Net

Goodwill

The following table details the changes in goodwill (in thousands):


	April 4, 2026		October 4, 2025			March 29, 2025
Balance at beginning of the period	$	—	$	180,698		$	180,698
Acquisitions, net of measurement period adjustments		—		—			—
Impairment		—		(180,698	)		—
Balance at the end of the period	$	—	$	—		$	180,698

Other Intangibles

Other intangible assets consisted of the following as of April 4, 2026 (in thousands, except weighted average remaining useful life):


	Weighted Average Remaining Useful Life (in Years)		Gross Carrying Value		Accumulated Amortization			Net Carrying Amount
Trade name and trademarks (finite life)		7.5	$	22,100	$	(8,353	)	$	13,747
Trade name and trademarks (indefinite life)	Indefinite			9,350		—			9,350
Non-compete agreements		2.9		2,260		(1,681	)		579
Consumer relationships		5.6		15,400		(10,091	)		5,309
Other intangibles		2.6		4,000		(3,968	)		32
Total			$	53,110	$	(24,093	)	$	29,017

Other intangible assets consisted of the following as of October 4, 2025 (in thousands, except weighted average remaining useful life):


	Weighted Average Remaining Useful Life (in Years)		Gross Carrying Value		Accumulated Amortization			Net Carrying Amount
Trade name and trademarks (finite life)		8.0	$	22,100	$	(7,366	)	$	14,734
Trade name and trademarks (indefinite life)	Indefinite			9,350		—			9,350
Non-compete agreements		3.4		2,260		(1,578	)		682
Consumer relationships		5.9		15,400		(9,477	)		5,923
Other intangibles		3.1		4,000		(3,957	)		43
Total			$	53,110	$	(22,378	)	$	30,732

Other intangible assets consisted of the following as of March 29, 2025 (in thousands, except weighted average remaining useful life):


	Weighted Average Remaining Useful Life (in Years)		Gross Carrying Value		Accumulated Amortization			Net Carrying Amount
Trade name and trademarks (finite life)		8.5	$	22,100	$	(6,341	)	$	15,759
Trade name and trademarks (indefinite life)	Indefinite			9,350		—			9,350
Non-compete agreements		3.9		2,260		(1,471	)		789
Consumer relationships		6.3		15,400		(8,744	)		6,656
Other intangibles		3.6		4,000		(3,937	)		63
Total			$	53,110	$	(20,493	)	$	32,617

Amortization expense was $0.8 million and $0.9 million for the three months ended April 4, 2026 and March 29, 2025. Amortization expense was $1.7 million and $1.8 million for the six months ended April 4, 2026 and March 29, 2025. No impairment of intangible assets was recorded during the three and six months ended April 4, 2026 and March 29, 2025.

The following table summarizes the estimated future amortization expense related to finite-lived intangible assets on our consolidated balance sheet as of April 4, 2026 (in thousands):


	Amount
Remainder of fiscal 2026	$	1,664
2027		3,262
2028		3,157
2029		2,899
2030		2,689
Thereafter		5,996
Total	$	19,667

Leslie's, Inc. 10-Q