Annual report pursuant to Section 13 and 15(d)

Intangible Assets

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Intangible Assets
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
6. Intangible Assets
The following table presents intangible assets as of December 31, 2023 and December 25, 2022 (in thousands):
December 31, 2023 December 25, 2022
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Intangible assets subject to amortization:
Franchise rights $ 46,863  $ (39,777) $ 7,087  $ 46,499  $ (38,469) $ 8,030 
Leasehold interests 13,001  (10,503) 2,498  13,001  (10,092) 2,909 
Liquor licenses and other 9,632  (9,393) 239  9,640  (9,376) 264 
$ 69,496  $ (59,673) $ 9,824  $ 69,140  $ (57,937) $ 11,203 
Indefinite-lived intangible assets:
Liquor licenses and other $ 5,667  $ —  $ 5,667  $ 6,524  $ —  $ 6,524 
Intangible assets, net $ 75,163  $ (59,673) $ 15,491  $ 75,664  $ (57,937) $ 17,727 
The aggregate amortization expense related to intangible assets subject to amortization for 2023, 2022, and 2021 was $2.4 million, $2.5 million, and $2.9 million.
The estimated aggregate future amortization expense as of December 31, 2023 is as follows (in thousands):
2024 $ 2,294 
2025 1,963 
2026 1,594 
2027 1,202 
2028 744 
Thereafter 2,027 
$ 9,824