|
Goodwill and Intangible Assets (Tables)
|
9 Months Ended |
|
Oct. 05, 2014
|
| Goodwill and Intangible Assets Disclosure [Abstract] |
|
| Schedule of goodwill |
The following table presents goodwill as of October 5, 2014 and December 29, 2013 (in thousands):
|
|
|
|
|
|
Balance, December 29, 2013 |
|
$ |
62,525 |
|
Acquisitions |
|
24,891 |
|
Effect of Foreign Currency Translation Adjustment |
|
$ |
(689 |
) |
Balance, October 5, 2014 |
|
$ |
86,727 |
|
|
| Schedule of intangible assets subject to amortization |
The following table presents intangible assets as of October 5, 2014 and December 29, 2013 (in thousands):
|
|
|
|
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|
|
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|
|
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|
|
|
|
|
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|
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|
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|
October 5, 2014 |
|
December 29, 2013 |
|
|
Gross
Carrying
Amount
|
|
Accumulated
Amortization
|
|
Net
Carrying
Amount
|
|
Gross
Carrying
Amount
|
|
Accumulated
Amortization
|
|
Net
Carrying
Amount
|
Intangible assets subject to amortization: |
|
|
|
|
|
|
|
|
|
|
|
|
Acquired franchise rights and favorable leases |
|
$ |
51,363 |
|
|
$ |
(19,786 |
) |
|
$ |
31,577 |
|
|
$ |
43,330 |
|
|
$ |
(17,622 |
) |
|
$ |
25,708 |
|
Leasehold interests |
|
12,476 |
|
|
(5,402 |
) |
|
7,074 |
|
|
12,476 |
|
|
(4,875 |
) |
|
7,601 |
|
Liquor licenses |
|
10,030 |
|
|
(9,493 |
) |
|
537 |
|
|
9,924 |
|
|
(9,278 |
) |
|
646 |
|
|
|
$ |
73,869 |
|
|
$ |
(34,681 |
) |
|
$ |
39,188 |
|
|
$ |
65,730 |
|
|
$ |
(31,775 |
) |
|
$ |
33,955 |
|
Indefinite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Liquor licenses |
|
$ |
4,241 |
|
|
$ |
— |
|
|
$ |
4,241 |
|
|
$ |
2,845 |
|
|
$ |
— |
|
|
$ |
2,845 |
|
Intangible assets, net |
|
$ |
78,110 |
|
|
$ |
(34,681 |
) |
|
$ |
43,429 |
|
|
$ |
68,575 |
|
|
$ |
(31,775 |
) |
|
$ |
36,800 |
|
|
| Schedule of intangible assets not subject to amortization |
The following table presents intangible assets as of October 5, 2014 and December 29, 2013 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
October 5, 2014 |
|
December 29, 2013 |
|
|
Gross
Carrying
Amount
|
|
Accumulated
Amortization
|
|
Net
Carrying
Amount
|
|
Gross
Carrying
Amount
|
|
Accumulated
Amortization
|
|
Net
Carrying
Amount
|
Intangible assets subject to amortization: |
|
|
|
|
|
|
|
|
|
|
|
|
Acquired franchise rights and favorable leases |
|
$ |
51,363 |
|
|
$ |
(19,786 |
) |
|
$ |
31,577 |
|
|
$ |
43,330 |
|
|
$ |
(17,622 |
) |
|
$ |
25,708 |
|
Leasehold interests |
|
12,476 |
|
|
(5,402 |
) |
|
7,074 |
|
|
12,476 |
|
|
(4,875 |
) |
|
7,601 |
|
Liquor licenses |
|
10,030 |
|
|
(9,493 |
) |
|
537 |
|
|
9,924 |
|
|
(9,278 |
) |
|
646 |
|
|
|
$ |
73,869 |
|
|
$ |
(34,681 |
) |
|
$ |
39,188 |
|
|
$ |
65,730 |
|
|
$ |
(31,775 |
) |
|
$ |
33,955 |
|
Indefinite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Liquor licenses |
|
$ |
4,241 |
|
|
$ |
— |
|
|
$ |
4,241 |
|
|
$ |
2,845 |
|
|
$ |
— |
|
|
$ |
2,845 |
|
Intangible assets, net |
|
$ |
78,110 |
|
|
$ |
(34,681 |
) |
|
$ |
43,429 |
|
|
$ |
68,575 |
|
|
$ |
(31,775 |
) |
|
$ |
36,800 |
|
|
| Schedule of estimated aggregate future amortization expense |
The estimated aggregate future amortization expense as of October 5, 2014 is as follows, (in thousands):
|
|
|
|
|
|
Remainder of 2014 |
|
$ |
985 |
|
2015 |
|
4,121 |
|
2016 |
|
3,942 |
|
2017 |
|
3,810 |
|
2018 |
|
3,546 |
|
Thereafter |
|
22,784 |
|
|
|
$ |
39,188 |
|
|