| Schedule of goodwill |
The following table presents goodwill as of December 27, 2020 and December 29, 2019 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2020 |
|
2019 |
| Balance, beginning |
|
$ |
96,397 |
|
|
$ |
95,838 |
|
| Foreign currency translation adjustment |
|
(983) |
|
|
559 |
|
Goodwill impairment(1)
|
|
(95,414) |
|
|
— |
|
| Balance, end |
|
$ |
— |
|
|
$ |
96,397 |
|
———————————————————
(1) See Note 2, COVID-19 Pandemic, for further discussion of goodwill impairment recognized during 2020.
|
| Schedule Of Finite and Indefinite Lived Intangible Assets |
The following table presents intangible assets as of December 27, 2020 and December 29, 2019 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 27, 2020 |
|
December 29, 2019 |
|
|
Gross
Carrying
Amount |
|
Accumulated
Amortization |
|
Net
Carrying
Amount |
|
Gross
Carrying
Amount |
|
Accumulated
Amortization |
|
Net
Carrying
Amount |
| Intangible assets subject to amortization: |
|
|
|
|
|
|
|
|
|
|
|
|
| Franchise rights |
|
$ |
49,972 |
|
|
$ |
(36,815) |
|
|
$ |
13,157 |
|
|
$ |
53,336 |
|
|
$ |
(35,896) |
|
|
$ |
17,440 |
|
| Leasehold interests |
|
13,001 |
|
|
(9,254) |
|
|
3,747 |
|
|
13,001 |
|
|
(8,794) |
|
|
4,207 |
|
| Liquor licenses and other |
|
9,714 |
|
|
(9,364) |
|
|
350 |
|
|
10,737 |
|
|
(9,869) |
|
|
868 |
|
|
|
$ |
72,687 |
|
|
$ |
(55,433) |
|
|
$ |
17,254 |
|
|
$ |
77,074 |
|
|
$ |
(54,559) |
|
|
$ |
22,515 |
|
| Indefinite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
| Liquor licenses and other |
|
$ |
7,460 |
|
|
$ |
— |
|
|
$ |
7,460 |
|
|
$ |
7,460 |
|
|
$ |
— |
|
|
$ |
7,460 |
|
| Intangible assets, net |
|
$ |
80,147 |
|
|
$ |
(55,433) |
|
|
$ |
24,714 |
|
|
$ |
84,534 |
|
|
$ |
(54,559) |
|
|
$ |
29,975 |
|
|
| Schedule of estimated aggregate future amortization expense |
The estimated aggregate future amortization expense as of December 27, 2020 is as follows (in thousands):
|
|
|
|
|
|
|
|
|
| 2021 |
|
$ |
2,903 |
|
| 2022 |
|
2,490 |
|
| 2023 |
|
2,349 |
|
| 2024 |
|
2,098 |
|
| 2025 |
|
1,758 |
|
| Thereafter |
|
5,656 |
|
|
|
$ |
17,254 |
|
|