Goodwill and Intangible Assets (Tables)
|
6 Months Ended |
Jul. 12, 2015 |
|---|
| Goodwill and Intangible Assets Disclosure [Abstract] |
|
| Schedule of goodwill |
The following table presents goodwill as of July 12, 2015 and December 28, 2014 (in thousands):
|
|
|
|
|
|
Balance, December 28, 2014 |
|
$ |
84,115 |
|
Acquisition adjustment |
|
158 |
|
Translation adjustment |
|
$ |
(1,240 |
) |
Balance, July 12, 2015 |
|
$ |
83,033 |
|
|
| Schedule of intangible assets subject to amortization |
The following table presents intangible assets as of July 12, 2015 and December 28, 2014 (in thousands):
|
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July 12, 2015 |
|
December 28, 2014 |
|
|
Gross
Carrying
Amount
|
|
Accumulated
Amortization
|
|
Net
Carrying
Amount
|
|
Gross
Carrying
Amount
|
|
Accumulated
Amortization
|
|
Net
Carrying
Amount
|
Intangible assets subject to amortization: |
|
|
|
|
|
|
|
|
|
|
|
|
Franchise rights |
|
$ |
50,627 |
|
|
$ |
(22,410 |
) |
|
$ |
28,217 |
|
|
$ |
50,826 |
|
|
$ |
(20,583 |
) |
|
$ |
30,243 |
|
Favorable leases |
|
12,991 |
|
|
(6,037 |
) |
|
6,954 |
|
|
12,991 |
|
|
(5,553 |
) |
|
7,438 |
|
Liquor licenses |
|
10,075 |
|
|
(9,669 |
) |
|
406 |
|
|
10,058 |
|
|
(9,548 |
) |
|
510 |
|
|
|
$ |
73,693 |
|
|
$ |
(38,116 |
) |
|
$ |
35,577 |
|
|
$ |
73,875 |
|
|
$ |
(35,684 |
) |
|
$ |
38,191 |
|
Indefinite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Liquor licenses and other |
|
$ |
5,596 |
|
|
$ |
— |
|
|
$ |
5,596 |
|
|
$ |
4,288 |
|
|
$ |
— |
|
|
$ |
4,288 |
|
Intangible assets, net |
|
$ |
79,289 |
|
|
$ |
(38,116 |
) |
|
$ |
41,173 |
|
|
$ |
78,163 |
|
|
$ |
(35,684 |
) |
|
$ |
42,479 |
|
|
| Schedule of intangible assets not subject to amortization |
The following table presents intangible assets as of July 12, 2015 and December 28, 2014 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
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|
July 12, 2015 |
|
December 28, 2014 |
|
|
Gross
Carrying
Amount
|
|
Accumulated
Amortization
|
|
Net
Carrying
Amount
|
|
Gross
Carrying
Amount
|
|
Accumulated
Amortization
|
|
Net
Carrying
Amount
|
Intangible assets subject to amortization: |
|
|
|
|
|
|
|
|
|
|
|
|
Franchise rights |
|
$ |
50,627 |
|
|
$ |
(22,410 |
) |
|
$ |
28,217 |
|
|
$ |
50,826 |
|
|
$ |
(20,583 |
) |
|
$ |
30,243 |
|
Favorable leases |
|
12,991 |
|
|
(6,037 |
) |
|
6,954 |
|
|
12,991 |
|
|
(5,553 |
) |
|
7,438 |
|
Liquor licenses |
|
10,075 |
|
|
(9,669 |
) |
|
406 |
|
|
10,058 |
|
|
(9,548 |
) |
|
510 |
|
|
|
$ |
73,693 |
|
|
$ |
(38,116 |
) |
|
$ |
35,577 |
|
|
$ |
73,875 |
|
|
$ |
(35,684 |
) |
|
$ |
38,191 |
|
Indefinite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Liquor licenses and other |
|
$ |
5,596 |
|
|
$ |
— |
|
|
$ |
5,596 |
|
|
$ |
4,288 |
|
|
$ |
— |
|
|
$ |
4,288 |
|
Intangible assets, net |
|
$ |
79,289 |
|
|
$ |
(38,116 |
) |
|
$ |
41,173 |
|
|
$ |
78,163 |
|
|
$ |
(35,684 |
) |
|
$ |
42,479 |
|
|
| Schedule of estimated aggregate future amortization expense |
The estimated aggregate future amortization expense as of July 12, 2015 is as follows, (in thousands):
|
|
|
|
|
|
Remainder of 2015 |
|
$ |
2,174 |
|
2016 |
|
3,996 |
|
2017 |
|
3,886 |
|
2018 |
|
3,669 |
|
2019 |
|
3,587 |
|
Thereafter |
|
18,265 |
|
|
|
$ |
35,577 |
|
|