The following table summarizes the components of gross and net acquired intangible assets:


	Gross		Accumulated Amortization		Accumulated Impairment		Net Carrying Value
	(in millions)
June 27, 2026
Marketing-related intangible assets – amortizable	$	26.0	$	(23.5)	$	—	$	2.5
Marketing-related intangible assets – nonamortizable	266.3		—		(35.0)		231.4
Total	292.3		(23.5)		(35.0)		233.8
Customer-related intangible assets – amortizable	421.7		(219.5)		(17.5)		184.7
Other acquired intangible assets – amortizable	40.1		(36.3)		(1.3)		2.5
Other acquired intangible assets – nonamortizable	7.1		—		(1.2)		5.9
Total	47.3		(36.3)		(2.5)		8.4
Total other intangible assets, net	$	761.2	$	(279.3)	$	(55.0)	$	426.9

	Gross		Accumulated Amortization		Accumulated Impairment		Net Carrying Value
	(in millions)
June 28, 2025
Marketing-related intangible assets – amortizable	$	26.0	$	(23.2)	$	—	$	2.8
Marketing-related intangible assets – nonamortizable	266.3		—		(35.0)		231.4
Total	292.3		(23.2)		(35.0)		234.2
Customer-related intangible assets – amortizable	421.7		(195.1)		(17.5)		209.0
Other acquired intangible assets – amortizable	41.9		(35.6)		(0.3)		6.0
Other acquired intangible assets – nonamortizable	7.1		—		(1.2)		5.9
Total	49.1		(35.6)		(1.5)		11.9
Total other intangible assets, net	$	763.0	$	(253.9)	$	(54.0)	$	455.1

	Gross		Accumulated Amortization		Accumulated Impairment		Net Carrying Value
	(in millions)
September 27, 2025
Marketing-related intangible assets – amortizable	$	26.0	$	(23.3)	$	—	$	2.7
Marketing-related intangible assets – nonamortizable	266.3		—		(35.0)		231.4
Total	292.3		(23.3)		(35.0)		234.1
Customer-related intangible assets – amortizable	421.7		(201.3)		(17.5)		202.9
Other acquired intangible assets – amortizable	41.9		(35.8)		(1.3)		4.8
Other acquired intangible assets – nonamortizable	7.1		—		(1.2)		5.9
Total	49.1		(35.8)		(2.5)		10.7
Total other intangible assets, net	$	763.0	$	(260.4)	$	(55.0)	$	447.6

The Company evaluates long-lived assets, including amortizable and indefinite-lived intangible assets, for impairment whenever events or changes in circumstances indicate the carrying value may not be recoverable. The Company evaluates indefinite-lived intangible assets on an annual basis. During the nine months ended June 27, 2026, in connection with the Company's decision to exit a minor pet business, the Company determined that the carrying value of certain amortizable intangible assets associated with that business was no longer recoverable. As a result, the Company derecognized intangible assets of $0.9 million, which is included in selling, general and administrative expenses. Factors indicating the carrying value of the Company’s amortizable intangible assets may not be recoverable were not present in the nine months ended June 28, 2025, and accordingly, no impairment testing was performed on these assets.

The Company amortizes its acquired intangible assets with definite lives over periods ranging from five years to 25 years, over weighted average remaining lives of eight years for marketing-related intangibles, ten years for customer-related intangibles and seven years for other acquired intangibles. Amortization expense for intangibles subject to amortization was approximately $6.2 million and $6.6 million for the three months ended June 27, 2026 and June 28, 2025, respectively, and $18.9 million and $20.6 million for the nine months ended June 27, 2026 and June 28, 2025, respectively, and is classified within selling, general and administrative expenses in the condensed consolidated statements of operations. Estimated annual amortization expense related to acquired intangible assets in each of the succeeding five years is estimated to be approximately $24 million per year from fiscal 2026 through fiscal 2028 and $22 million per year from fiscal 2029 through fiscal 2030.