Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

v3.20.2
Goodwill and Intangible Assets
9 Months Ended
Oct. 04, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
The following table presents goodwill as of October 4, 2020 and December 29, 2019 (in thousands):
Balance, December 29, 2019 $ 96,397 
Foreign currency translation adjustment (983)
Goodwill impairment(1)
(95,414)
Balance, October 4, 2020 $ — 
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(1) See Note 2, COVID-19 Pandemic, for further discussion of goodwill impairment recognized during the forty weeks ended October 4, 2020.
The following table presents intangible assets as of October 4, 2020 and December 29, 2019 (in thousands):
October 4, 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 $ 50,584  $ (36,813) $ 13,771  $ 53,336  $ (35,896) $ 17,440 
Leasehold interests 13,001  (9,155) 3,846  13,001  (8,794) 4,207 
Liquor licenses and other 9,961  (9,598) 363  10,737  (9,869) 868 
$ 73,546  $ (55,566) $ 17,980  $ 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 $ 81,006  $ (55,566) $ 25,440  $ 84,534  $ (54,559) $ 29,975