Goodwill and Intangible Assets (Tables)
|
9 Months Ended |
Oct. 01, 2017 |
|---|
| Goodwill and Intangible Assets Disclosure [Abstract] |
|
| Schedule of goodwill |
The following table presents goodwill as of October 1, 2017 and December 25, 2016 (in thousands):
|
|
|
|
|
|
Balance, December 25, 2016 |
|
$ |
95,935 |
|
Foreign currency translation adjustment |
|
1,129 |
|
Balance, October 1, 2017 |
|
$ |
97,064 |
|
|
| Schedule of intangible assets subject to amortization |
The following table presents intangible assets as of October 1, 2017 and December 25, 2016 (in thousands):
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October 1, 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 |
|
$ |
55,766 |
|
|
$ |
(30,016 |
) |
|
$ |
25,750 |
|
|
$ |
55,902 |
|
|
$ |
(27,306 |
) |
|
$ |
28,596 |
|
Favorable leases |
|
13,931 |
|
|
(7,955 |
) |
|
5,976 |
|
|
13,931 |
|
|
(7,400 |
) |
|
6,531 |
|
Liquor licenses |
|
10,128 |
|
|
(9,662 |
) |
|
466 |
|
|
10,253 |
|
|
(9,857 |
) |
|
396 |
|
|
|
$ |
79,825 |
|
|
$ |
(47,633 |
) |
|
$ |
32,192 |
|
|
$ |
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 |
|
$ |
87,313 |
|
|
$ |
(47,633 |
) |
|
$ |
39,680 |
|
|
$ |
86,833 |
|
|
$ |
(44,563 |
) |
|
$ |
42,270 |
|
|
| Schedule of intangible assets not subject to amortization |
The following table presents intangible assets as of October 1, 2017 and December 25, 2016 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
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|
October 1, 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 |
|
$ |
55,766 |
|
|
$ |
(30,016 |
) |
|
$ |
25,750 |
|
|
$ |
55,902 |
|
|
$ |
(27,306 |
) |
|
$ |
28,596 |
|
Favorable leases |
|
13,931 |
|
|
(7,955 |
) |
|
5,976 |
|
|
13,931 |
|
|
(7,400 |
) |
|
6,531 |
|
Liquor licenses |
|
10,128 |
|
|
(9,662 |
) |
|
466 |
|
|
10,253 |
|
|
(9,857 |
) |
|
396 |
|
|
|
$ |
79,825 |
|
|
$ |
(47,633 |
) |
|
$ |
32,192 |
|
|
$ |
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 |
|
$ |
87,313 |
|
|
$ |
(47,633 |
) |
|
$ |
39,680 |
|
|
$ |
86,833 |
|
|
$ |
(44,563 |
) |
|
$ |
42,270 |
|
|
| Schedule of estimated aggregate future amortization expense |
The estimated aggregate future amortization expense as of October 1, 2017 is as follows (in thousands):
|
|
|
|
|
|
Remainder of 2017 |
|
$ |
1,022 |
|
2018 |
|
4,263 |
|
2019 |
|
4,216 |
|
2020 |
|
3,699 |
|
2021 |
|
3,271 |
|
Thereafter |
|
15,721 |
|
|
|
$ |
32,192 |
|
|