Goodwill and Intangible Assets (Tables)
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4 Months Ended |
Apr. 16, 2017 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of intangible assets subject to amortization |
The following table presents intangible assets as of April 16, 2017 and December 25, 2016 (in thousands):
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April 16, 2017 |
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December 25, 2016 |
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Gross
Carrying
Amount
|
|
Accumulated
Amortization
|
|
Net
Carrying
Amount
|
|
Gross
Carrying
Amount
|
|
Accumulated
Amortization
|
|
Net
Carrying
Amount
|
Intangible assets subject to amortization: |
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Franchise rights |
|
$ |
55,902 |
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|
$ |
(28,445 |
) |
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$ |
27,457 |
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|
$ |
55,902 |
|
|
$ |
(27,306 |
) |
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$ |
28,596 |
|
Favorable leases |
|
13,931 |
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|
(7,622 |
) |
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6,309 |
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|
13,931 |
|
|
(7,400 |
) |
|
6,531 |
|
Liquor licenses |
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10,338 |
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|
(9,882 |
) |
|
456 |
|
|
10,253 |
|
|
(9,857 |
) |
|
396 |
|
|
|
$ |
80,171 |
|
|
$ |
(45,949 |
) |
|
$ |
34,222 |
|
|
$ |
80,086 |
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|
$ |
(44,563 |
) |
|
$ |
35,523 |
|
Indefinite-lived intangible assets: |
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Liquor licenses and other |
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$ |
7,486 |
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$ |
— |
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|
$ |
7,486 |
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|
$ |
6,747 |
|
|
$ |
— |
|
|
$ |
6,747 |
|
Intangible assets, net |
|
$ |
87,657 |
|
|
$ |
(45,949 |
) |
|
$ |
41,708 |
|
|
$ |
86,833 |
|
|
$ |
(44,563 |
) |
|
$ |
42,270 |
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| Schedule of intangible assets not subject to amortization |
The following table presents intangible assets as of April 16, 2017 and December 25, 2016 (in thousands):
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April 16, 2017 |
|
December 25, 2016 |
|
|
Gross
Carrying
Amount
|
|
Accumulated
Amortization
|
|
Net
Carrying
Amount
|
|
Gross
Carrying
Amount
|
|
Accumulated
Amortization
|
|
Net
Carrying
Amount
|
Intangible assets subject to amortization: |
|
|
|
|
|
|
|
|
|
|
|
|
Franchise rights |
|
$ |
55,902 |
|
|
$ |
(28,445 |
) |
|
$ |
27,457 |
|
|
$ |
55,902 |
|
|
$ |
(27,306 |
) |
|
$ |
28,596 |
|
Favorable leases |
|
13,931 |
|
|
(7,622 |
) |
|
6,309 |
|
|
13,931 |
|
|
(7,400 |
) |
|
6,531 |
|
Liquor licenses |
|
10,338 |
|
|
(9,882 |
) |
|
456 |
|
|
10,253 |
|
|
(9,857 |
) |
|
396 |
|
|
|
$ |
80,171 |
|
|
$ |
(45,949 |
) |
|
$ |
34,222 |
|
|
$ |
80,086 |
|
|
$ |
(44,563 |
) |
|
$ |
35,523 |
|
Indefinite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Liquor licenses and other |
|
$ |
7,486 |
|
|
$ |
— |
|
|
$ |
7,486 |
|
|
$ |
6,747 |
|
|
$ |
— |
|
|
$ |
6,747 |
|
Intangible assets, net |
|
$ |
87,657 |
|
|
$ |
(45,949 |
) |
|
$ |
41,708 |
|
|
$ |
86,833 |
|
|
$ |
(44,563 |
) |
|
$ |
42,270 |
|
|
| Schedule of estimated aggregate future amortization expense |
The estimated aggregate future amortization expense as of April 16, 2017 is as follows (in thousands):
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Remainder of 2017 |
|
$ |
3,091 |
|
2018 |
|
4,264 |
|
2019 |
|
4,217 |
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2020 |
|
3,696 |
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2021 |
|
3,264 |
|
Thereafter |
|
15,690 |
|
|
|
$ |
34,222 |
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|