Annual report pursuant to Section 13 and 15(d)

Intangible Assets

v3.22.4
Intangible Assets
 12 Months Ended
Dec. 25, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Intangible Assets
The following table presents intangible assets as of December 25, 2022 and December 26, 2021 (in thousands):
December 25, 2022 December 26, 2021
Gross
Carrying
Amount		 Accumulated
Amortization		 Net
Carrying
Amount		 Gross
Carrying
Amount		 Accumulated
Amortization		 Net
Carrying
Amount
Intangible assets subject to amortization:
Franchise rights $ 46,499  $ (38,469) $ 8,030  $ 49,328  $ (38,662) $ 10,666 
Leasehold interests 13,001  (10,092) 2,909  13,001  (9,681) 3,320 
Liquor licenses and other 9,640  (9,376) 264  9,670  (9,364) 306 
$ 69,140  $ (57,937) $ 11,203  $ 71,999  $ (57,707) $ 14,292 
Indefinite-lived intangible assets:
Liquor licenses and other $ 6,524  $ —  $ 6,524  $ 7,000  $ —  $ 7,000 
Intangible assets, net $ 75,664  $ (57,937) $ 17,727  $ 78,999  $ (57,707) $ 21,292 
Immaterial impairment charges were recorded related to finite-lived intangibles resulting from the continuing and projected future results at Company-owned restaurants in 2022, 2021, and 2020. Impairment charges of $0.5 million were recorded related to indefinite-lived intangibles in 2022 and $0.5 million were recorded in 2021. No impairment charges were recorded related to indefinite-lived intangibles in 2020.
The aggregate amortization expense related to intangible assets subject to amortization for 2022, 2021, and 2020 was $2.5 million, $2.9 million, and $4.4 million.
The estimated aggregate future amortization expense as of December 25, 2022 is as follows (in thousands):
2023 $ 2,180 
2024 2,039 
2025 1,708 
2026 1,410 
2027 1,139 
Thereafter 2,727 
$ 11,203