Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.5.0.2
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):
 
 
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):
 
 
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