Company: CHEF
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001517175-25-000021
Chunk: 50

Company: Chefs' Warehouse, Inc.
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 8
Chunk 50
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 for shrinkage, excess and obsolescence to approximate their net realizable value totaling $9,370 and $11,579 at September 26, 2025 and December 27, 2024, respectively. 

Note 6 – Property and Equipment

 Property and equipment is net of accumulated depreciation and amortization of $178,149 and $147,902 at September 26, 2025 and December 27, 2024, respectively.

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Note 7 – Goodwill and Other Intangible Assets

The changes in the carrying amount of goodwill are presented as follows:Carrying amount as of December 27, 2024$356,298 Foreign currency translation and other335 Carrying amount as of September 26, 2025$356,633 

Other intangible assets are net of accumulated amortization of $175,219 and $157,032 as of September 26, 2025 and December 27, 2024, respectively. Amortization expense for other intangibles was $6,084 and $5,874 for the thirteen weeks ended September 26, 2025 and September 27, 2024, respectively, and $18,187 and $18,216 for the thirty-nine weeks ended September 26, 2025 and September 27, 2024, respectively. 

Note 8 – Debt Obligations

Debt obligations as of September 26, 2025 and December 27, 2024 consisted of the following:Weighted Average Effective Interest Rate at September 26, 2025MaturitySeptember 26, 2025December 27, 2024Senior secured term loans8.06 %August 2029$252,750 $260,000 2028 Convertible senior notes2.77 %December 2028287,500 287,500 Asset-based loan facility6.19 %August 2030100,000 120,000 Finance leases and other financing obligations7.43 %Various104,918 52,673 Unamortized deferred costs(11,807)(13,389)Total debt obligations733,361 706,784 Less: current installments(21,623)(18,040)Total long-term debt$711,738 $688,744 Senior Secured Term Loan Credit FacilityIn June 2025, the Company entered into an amendment (“Thirteenth Amendment”) to