Goodwill and Intangible Assets (Tables)
|
4 Months Ended |
Apr. 17, 2016 |
|---|
| Goodwill and Intangible Assets Disclosure [Abstract] |
|
| Schedule of goodwill |
The following table presents goodwill as of April 17, 2016 and December 27, 2015 (in thousands):
|
|
|
|
|
|
Balance, December 27, 2015 |
|
$ |
81,957 |
|
Acquisition |
|
14,285 |
|
Translation adjustment |
|
$ |
1,040 |
|
Balance, April 17, 2016 |
|
$ |
97,282 |
|
|
| Schedule of intangible assets subject to amortization |
The following table presents intangible assets as of April 17, 2016 and December 27, 2015 (in thousands):
|
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April 17, 2016 |
|
December 27, 2015 |
|
|
Gross
Carrying
Amount
|
|
Accumulated
Amortization
|
|
Net
Carrying
Amount
|
|
Gross
Carrying
Amount
|
|
Accumulated
Amortization
|
|
Net
Carrying
Amount
|
Intangible assets subject to amortization: |
|
|
|
|
|
|
|
|
|
|
|
|
Franchise rights |
|
$ |
56,521 |
|
|
$ |
(25,039 |
) |
|
$ |
31,482 |
|
|
$ |
50,878 |
|
|
$ |
(23,904 |
) |
|
$ |
26,974 |
|
Favorable leases |
|
13,931 |
|
|
(6,885 |
) |
|
7,046 |
|
|
12,991 |
|
|
(6,643 |
) |
|
6,348 |
|
Liquor licenses |
|
10,193 |
|
|
(9,787 |
) |
|
406 |
|
|
10,168 |
|
|
(9,751 |
) |
|
417 |
|
|
|
$ |
80,645 |
|
|
$ |
(41,711 |
) |
|
$ |
38,934 |
|
|
$ |
74,037 |
|
|
$ |
(40,298 |
) |
|
$ |
33,739 |
|
Indefinite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Liquor licenses and other |
|
$ |
5,865 |
|
|
$ |
— |
|
|
$ |
5,865 |
|
|
$ |
5,834 |
|
|
$ |
— |
|
|
$ |
5,834 |
|
Intangible assets, net |
|
$ |
86,510 |
|
|
$ |
(41,711 |
) |
|
$ |
44,799 |
|
|
$ |
79,871 |
|
|
$ |
(40,298 |
) |
|
$ |
39,573 |
|
|
| Schedule of intangible assets not subject to amortization |
The following table presents intangible assets as of April 17, 2016 and December 27, 2015 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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|
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|
|
|
April 17, 2016 |
|
December 27, 2015 |
|
|
Gross
Carrying
Amount
|
|
Accumulated
Amortization
|
|
Net
Carrying
Amount
|
|
Gross
Carrying
Amount
|
|
Accumulated
Amortization
|
|
Net
Carrying
Amount
|
Intangible assets subject to amortization: |
|
|
|
|
|
|
|
|
|
|
|
|
Franchise rights |
|
$ |
56,521 |
|
|
$ |
(25,039 |
) |
|
$ |
31,482 |
|
|
$ |
50,878 |
|
|
$ |
(23,904 |
) |
|
$ |
26,974 |
|
Favorable leases |
|
13,931 |
|
|
(6,885 |
) |
|
7,046 |
|
|
12,991 |
|
|
(6,643 |
) |
|
6,348 |
|
Liquor licenses |
|
10,193 |
|
|
(9,787 |
) |
|
406 |
|
|
10,168 |
|
|
(9,751 |
) |
|
417 |
|
|
|
$ |
80,645 |
|
|
$ |
(41,711 |
) |
|
$ |
38,934 |
|
|
$ |
74,037 |
|
|
$ |
(40,298 |
) |
|
$ |
33,739 |
|
Indefinite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Liquor licenses and other |
|
$ |
5,865 |
|
|
$ |
— |
|
|
$ |
5,865 |
|
|
$ |
5,834 |
|
|
$ |
— |
|
|
$ |
5,834 |
|
Intangible assets, net |
|
$ |
86,510 |
|
|
$ |
(41,711 |
) |
|
$ |
44,799 |
|
|
$ |
79,871 |
|
|
$ |
(40,298 |
) |
|
$ |
39,573 |
|
|
| Schedule of estimated aggregate future amortization expense |
The estimated aggregate future amortization expense as of April 17, 2016 is as follows, (in thousands):
|
|
|
|
|
|
Remainder of 2016 |
|
$ |
3,276 |
|
2017 |
|
4,768 |
|
2018 |
|
4,554 |
|
2019 |
|
4,473 |
|
2020 |
|
3,945 |
|
Thereafter |
|
17,918 |
|
|
|
$ |
38,934 |
|
|