Lucky Strike Entertainment Corp Goodwill & Intangibles Disclosure
| Balance as of July 2, 2023 | $ | 753,538 | |||
| Goodwill resulting from acquisitions during fiscal year 2024 | 80,350 | ||||
| Balance as of June 30, 2024 | 833,888 | ||||
| Goodwill resulting from acquisitions during fiscal year 2025 | 10,390 | ||||
| Adjustments to preliminary fair values for prior year acquisitions | 73 | ||||
| Balance as of June 29, 2025 | $ | 844,351 | |||
| June 29, 2025 | June 30, 2024 | ||||||||||||||||||||||||||||||||||||||||||||||
| Weighted average life remaining (in years) | Gross carrying amount | Accumulated amortization | Net carrying amount | Weighted average life remaining (in years) | Gross carrying amount | Accumulated amortization | Net carrying amount | ||||||||||||||||||||||||||||||||||||||||
| Finite-lived intangible assets: | |||||||||||||||||||||||||||||||||||||||||||||||
| AMF trade name | — | $ | — | $ | — | $ | — | — | $ | 9,900 | $ | (9,900) | $ | — | |||||||||||||||||||||||||||||||||
Bowlero trade name (1) | 2 | 14,870 | (5,366) | 9,504 | 3 | 14,870 | (614) | 14,256 | |||||||||||||||||||||||||||||||||||||||
| Other acquisition trade names | 3 | 2,510 | (1,611) | 899 | 3 | 3,460 | (2,276) | 1,184 | |||||||||||||||||||||||||||||||||||||||
| Customer relationships | 2 | 4,285 | (3,541) | 744 | 2 | 24,185 | (22,808) | 1,377 | |||||||||||||||||||||||||||||||||||||||
| Management contracts | — | 300 | (300) | — | 1 | 1,800 | (1,763) | 37 | |||||||||||||||||||||||||||||||||||||||
| Non-compete agreements | 3 | 3,724 | (2,313) | 1,411 | 3 | 4,364 | (2,395) | 1,969 | |||||||||||||||||||||||||||||||||||||||
| PBA member, sponsor & media relationships | 5 | 1,200 | (651) | 549 | 6 | 1,400 | (739) | 661 | |||||||||||||||||||||||||||||||||||||||
| Other intangible assets | 2 | 754 | (519) | 235 | 3 | 921 | (542) | 379 | |||||||||||||||||||||||||||||||||||||||
| 2 | 27,643 | (14,301) | 13,342 | 3 | 60,900 | (41,037) | 19,863 | ||||||||||||||||||||||||||||||||||||||||
| Indefinite-lived intangible assets: | |||||||||||||||||||||||||||||||||||||||||||||||
| Liquor licenses | 12,830 | — | 12,830 | 12,418 | — | 12,418 | |||||||||||||||||||||||||||||||||||||||||
| Lucky Strike trade name | 8,360 | — | 8,360 | 8,360 | — | 8,360 | |||||||||||||||||||||||||||||||||||||||||
| Other trade names | 11,030 | — | 11,030 | 6,410 | — | 6,410 | |||||||||||||||||||||||||||||||||||||||||
| 32,220 | — | 32,220 | 27,188 | — | 27,188 | ||||||||||||||||||||||||||||||||||||||||||
| $ | 59,863 | $ | (14,301) | $ | 45,562 | $ | 88,088 | $ | (41,037) | $ | 47,051 | ||||||||||||||||||||||||||||||||||||
| Fiscal Year Ended | |||||||||||||||||
| June 29, 2025 | June 30, 2024 | July 2, 2023 | |||||||||||||||
| Amortization expense | $ | 7,284 | $ | 7,370 | $ | 7,354 | |||||||||||
| 2026 | 2027 | 2028 | 2029 | 2030 | Thereafter | ||||||||||||||||||||||||||||||
| Amortization expense | $ | 6,449 | $ | 5,764 | $ | 672 | $ | 330 | $ | 79 | $ | 48 | |||||||||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Aug 28, 2025 | Showing above |
| 2024 | Sep 5, 2024 | |
| 2023 | Sep 11, 2023 | |
| 2022 | Sep 15, 2022 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.