Goodwill and Intangible Assets (Tables)
|
6 Months Ended |
Jul. 09, 2017 |
|---|
| Goodwill and Intangible Assets Disclosure [Abstract] |
|
| Schedule of goodwill |
The following table presents goodwill as of July 9, 2017 and December 25, 2016 (in thousands):
|
|
|
|
|
|
Balance, December 25, 2016 |
|
$ |
95,935 |
|
Foreign currency translation adjustment |
|
682 |
|
Balance, July 9, 2017 |
|
$ |
96,617 |
|
|
| Schedule of intangible assets subject to amortization |
The following table presents intangible assets as of July 9, 2017 and December 25, 2016 (in thousands):
|
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|
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July 9, 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 |
|
$ |
55,749 |
|
|
$ |
(29,160 |
) |
|
$ |
26,589 |
|
|
$ |
55,902 |
|
|
$ |
(27,306 |
) |
|
$ |
28,596 |
|
Favorable leases |
|
13,931 |
|
|
(7,789 |
) |
|
6,142 |
|
|
13,931 |
|
|
(7,400 |
) |
|
6,531 |
|
Liquor licenses |
|
10,349 |
|
|
(9,898 |
) |
|
451 |
|
|
10,253 |
|
|
(9,857 |
) |
|
396 |
|
|
|
$ |
80,029 |
|
|
$ |
(46,847 |
) |
|
$ |
33,182 |
|
|
$ |
80,086 |
|
|
$ |
(44,563 |
) |
|
$ |
35,523 |
|
Indefinite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Liquor licenses and other |
|
$ |
7,488 |
|
|
$ |
— |
|
|
$ |
7,488 |
|
|
$ |
6,747 |
|
|
$ |
— |
|
|
$ |
6,747 |
|
Intangible assets, net |
|
$ |
87,517 |
|
|
$ |
(46,847 |
) |
|
$ |
40,670 |
|
|
$ |
86,833 |
|
|
$ |
(44,563 |
) |
|
$ |
42,270 |
|
|
| Schedule of intangible assets not subject to amortization |
The following table presents intangible assets as of July 9, 2017 and December 25, 2016 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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|
|
|
July 9, 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 |
|
$ |
55,749 |
|
|
$ |
(29,160 |
) |
|
$ |
26,589 |
|
|
$ |
55,902 |
|
|
$ |
(27,306 |
) |
|
$ |
28,596 |
|
Favorable leases |
|
13,931 |
|
|
(7,789 |
) |
|
6,142 |
|
|
13,931 |
|
|
(7,400 |
) |
|
6,531 |
|
Liquor licenses |
|
10,349 |
|
|
(9,898 |
) |
|
451 |
|
|
10,253 |
|
|
(9,857 |
) |
|
396 |
|
|
|
$ |
80,029 |
|
|
$ |
(46,847 |
) |
|
$ |
33,182 |
|
|
$ |
80,086 |
|
|
$ |
(44,563 |
) |
|
$ |
35,523 |
|
Indefinite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Liquor licenses and other |
|
$ |
7,488 |
|
|
$ |
— |
|
|
$ |
7,488 |
|
|
$ |
6,747 |
|
|
$ |
— |
|
|
$ |
6,747 |
|
Intangible assets, net |
|
$ |
87,517 |
|
|
$ |
(46,847 |
) |
|
$ |
40,670 |
|
|
$ |
86,833 |
|
|
$ |
(44,563 |
) |
|
$ |
42,270 |
|
|
| Schedule of estimated aggregate future amortization expense |
The estimated aggregate future amortization expense as of July 9, 2017 is as follows (in thousands):
|
|
|
|
|
|
Remainder of 2017 |
|
$ |
2,043 |
|
2018 |
|
4,257 |
|
2019 |
|
4,210 |
|
2020 |
|
3,693 |
|
2021 |
|
3,265 |
|
Thereafter |
|
15,714 |
|
|
|
$ |
33,182 |
|
|