Goodwill and Intangible Assets (Tables)
|
9 Months Ended |
Oct. 02, 2016 |
|---|
| Goodwill and Intangible Assets Disclosure [Abstract] |
|
| Schedule of goodwill |
The following table presents goodwill as of October 2, 2016 and December 27, 2015 (in thousands):
|
|
|
|
|
|
Balance, December 27, 2015 |
|
$ |
81,957 |
|
Acquisition |
|
13,610 |
|
Translation adjustment |
|
$ |
734 |
|
Balance, October 2, 2016 |
|
$ |
96,301 |
|
|
| Schedule of intangible assets subject to amortization |
The following table presents intangible assets as of October 2, 2016 and December 27, 2015 (in thousands):
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October 2, 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 |
|
$ |
56,154 |
|
|
$ |
(26,537 |
) |
|
$ |
29,617 |
|
|
$ |
50,878 |
|
|
$ |
(23,904 |
) |
|
$ |
26,974 |
|
Favorable leases |
|
13,931 |
|
|
(7,232 |
) |
|
6,699 |
|
|
12,991 |
|
|
(6,643 |
) |
|
6,348 |
|
Liquor licenses |
|
10,250 |
|
|
(9,840 |
) |
|
410 |
|
|
10,168 |
|
|
(9,751 |
) |
|
417 |
|
|
|
$ |
80,335 |
|
|
$ |
(43,609 |
) |
|
$ |
36,726 |
|
|
$ |
74,037 |
|
|
$ |
(40,298 |
) |
|
$ |
33,739 |
|
Indefinite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Liquor licenses and other |
|
$ |
6,736 |
|
|
$ |
— |
|
|
$ |
6,736 |
|
|
$ |
5,834 |
|
|
$ |
— |
|
|
$ |
5,834 |
|
Intangible assets, net |
|
$ |
87,071 |
|
|
$ |
(43,609 |
) |
|
$ |
43,462 |
|
|
$ |
79,871 |
|
|
$ |
(40,298 |
) |
|
$ |
39,573 |
|
|
| Schedule of intangible assets not subject to amortization |
The following table presents intangible assets as of October 2, 2016 and December 27, 2015 (in thousands):
|
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|
|
|
|
|
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|
October 2, 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 |
|
$ |
56,154 |
|
|
$ |
(26,537 |
) |
|
$ |
29,617 |
|
|
$ |
50,878 |
|
|
$ |
(23,904 |
) |
|
$ |
26,974 |
|
Favorable leases |
|
13,931 |
|
|
(7,232 |
) |
|
6,699 |
|
|
12,991 |
|
|
(6,643 |
) |
|
6,348 |
|
Liquor licenses |
|
10,250 |
|
|
(9,840 |
) |
|
410 |
|
|
10,168 |
|
|
(9,751 |
) |
|
417 |
|
|
|
$ |
80,335 |
|
|
$ |
(43,609 |
) |
|
$ |
36,726 |
|
|
$ |
74,037 |
|
|
$ |
(40,298 |
) |
|
$ |
33,739 |
|
Indefinite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Liquor licenses and other |
|
$ |
6,736 |
|
|
$ |
— |
|
|
$ |
6,736 |
|
|
$ |
5,834 |
|
|
$ |
— |
|
|
$ |
5,834 |
|
Intangible assets, net |
|
$ |
87,071 |
|
|
$ |
(43,609 |
) |
|
$ |
43,462 |
|
|
$ |
79,871 |
|
|
$ |
(40,298 |
) |
|
$ |
39,573 |
|
|
| Schedule of estimated aggregate future amortization expense |
The estimated aggregate future amortization expense as of October 2, 2016 is as follows (in thousands):
|
|
|
|
|
|
Remainder of 2016 |
|
$ |
1,052 |
|
2017 |
|
4,511 |
|
2018 |
|
4,299 |
|
2019 |
|
4,251 |
|
2020 |
|
3,726 |
|
Thereafter |
|
18,887 |
|
|
|
$ |
36,726 |
|
|