Goodwill and Intangible Assets (Tables)
|
6 Months Ended |
Jul. 10, 2016 |
|---|
| Goodwill and Intangible Assets Disclosure [Abstract] |
|
| Schedule of goodwill |
The following table presents goodwill as of July 10, 2016 and December 27, 2015 (in thousands):
|
|
|
|
|
|
Balance, December 27, 2015 |
|
$ |
81,957 |
|
Acquisition |
|
14,355 |
|
Translation adjustment |
|
$ |
806 |
|
Balance, July 10, 2016 |
|
$ |
97,118 |
|
|
| Schedule of intangible assets subject to amortization |
The following table presents intangible assets as of July 10, 2016 and December 27, 2015 (in thousands):
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July 10, 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 |
|
$ |
56,157 |
|
|
$ |
(25,674 |
) |
|
$ |
30,483 |
|
|
$ |
50,878 |
|
|
$ |
(23,904 |
) |
|
$ |
26,974 |
|
Favorable leases |
|
13,931 |
|
|
(7,067 |
) |
|
6,864 |
|
|
12,991 |
|
|
(6,643 |
) |
|
6,348 |
|
Liquor licenses |
|
10,203 |
|
|
(9,812 |
) |
|
391 |
|
|
10,168 |
|
|
(9,751 |
) |
|
417 |
|
|
|
$ |
80,291 |
|
|
$ |
(42,553 |
) |
|
$ |
37,738 |
|
|
$ |
74,037 |
|
|
$ |
(40,298 |
) |
|
$ |
33,739 |
|
Indefinite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Liquor licenses and other |
|
$ |
6,159 |
|
|
$ |
— |
|
|
$ |
6,159 |
|
|
$ |
5,834 |
|
|
$ |
— |
|
|
$ |
5,834 |
|
Intangible assets, net |
|
$ |
86,450 |
|
|
$ |
(42,553 |
) |
|
$ |
43,897 |
|
|
$ |
79,871 |
|
|
$ |
(40,298 |
) |
|
$ |
39,573 |
|
|
| Schedule of intangible assets not subject to amortization |
The following table presents intangible assets as of July 10, 2016 and December 27, 2015 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
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|
July 10, 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 |
|
$ |
56,157 |
|
|
$ |
(25,674 |
) |
|
$ |
30,483 |
|
|
$ |
50,878 |
|
|
$ |
(23,904 |
) |
|
$ |
26,974 |
|
Favorable leases |
|
13,931 |
|
|
(7,067 |
) |
|
6,864 |
|
|
12,991 |
|
|
(6,643 |
) |
|
6,348 |
|
Liquor licenses |
|
10,203 |
|
|
(9,812 |
) |
|
391 |
|
|
10,168 |
|
|
(9,751 |
) |
|
417 |
|
|
|
$ |
80,291 |
|
|
$ |
(42,553 |
) |
|
$ |
37,738 |
|
|
$ |
74,037 |
|
|
$ |
(40,298 |
) |
|
$ |
33,739 |
|
Indefinite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Liquor licenses and other |
|
$ |
6,159 |
|
|
$ |
— |
|
|
$ |
6,159 |
|
|
$ |
5,834 |
|
|
$ |
— |
|
|
$ |
5,834 |
|
Intangible assets, net |
|
$ |
86,450 |
|
|
$ |
(42,553 |
) |
|
$ |
43,897 |
|
|
$ |
79,871 |
|
|
$ |
(40,298 |
) |
|
$ |
39,573 |
|
|
| Schedule of estimated aggregate future amortization expense |
The estimated aggregate future amortization expense as of July 10, 2016 is as follows (in thousands):
|
|
|
|
|
|
Remainder of 2016 |
|
$ |
2,108 |
|
2017 |
|
4,510 |
|
2018 |
|
4,297 |
|
2019 |
|
4,249 |
|
2020 |
|
3,724 |
|
Thereafter |
|
18,850 |
|
|
|
$ |
37,738 |
|
|