Goodwill and Intangible Assets (Tables)
|
9 Months Ended |
Oct. 04, 2020 |
Goodwill and Intangible Assets Disclosure [Abstract] |
|
Schedule of goodwill |
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 |
|
$ |
— |
|
———————————————————
(1) See Note 2, COVID-19 Pandemic, for further discussion of goodwill impairment recognized during the forty weeks ended October 4, 2020.
|
Schedule of intangible assets subject to amortization |
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 |
|
|
Schedule of intangible assets not subject to amortization |
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 |
|
|