Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets (Tables)

v3.8.0.1
Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill
The following table presents goodwill as of December 31, 2017 and December 25, 2016 (in thousands).
 
 
2017
 
2016
Balance at beginning of year
 
$
95,935

 
$
81,957

Acquisition
 

 
13,679

Foreign currency translation adjustment
 
1,044

 
299

Balance at end of year
 
$
96,979

 
$
95,935

Schedule of intangible assets subject to amortization
The following table presents intangible assets as of December 31, 2017 and December 25, 2016 (in thousands):
 
 
2017
 
2016
 
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
Intangible assets subject to amortization:
 
 
 
 
 
 
 
 
 
 
 
 
Franchise rights
 
$
54,447

 
$
(29,685
)
 
$
24,762

 
$
55,902

 
$
(27,306
)
 
$
28,596

Leasehold interests
 
13,001

 
(7,459
)
 
5,542

 
13,931

 
(7,400
)
 
6,531

Liquor licenses
 
10,148

 
(9,667
)
 
481

 
10,253

 
(9,857
)
 
396

 
 
$
77,596

 
$
(46,811
)
 
$
30,785

 
$
80,086

 
$
(44,563
)
 
$
35,523

Indefinite-lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
Liquor licenses
 
$
7,488

 
$

 
$
7,488

 
$
6,747

 
$

 
$
6,747

Intangible assets, net
 
$
85,084

 
$
(46,811
)
 
$
38,273

 
$
86,833

 
$
(44,563
)
 
$
42,270

Schedule of intangible assets not subject to amortization
The following table presents intangible assets as of December 31, 2017 and December 25, 2016 (in thousands):
 
 
2017
 
2016
 
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
Intangible assets subject to amortization:
 
 
 
 
 
 
 
 
 
 
 
 
Franchise rights
 
$
54,447

 
$
(29,685
)
 
$
24,762

 
$
55,902

 
$
(27,306
)
 
$
28,596

Leasehold interests
 
13,001

 
(7,459
)
 
5,542

 
13,931

 
(7,400
)
 
6,531

Liquor licenses
 
10,148

 
(9,667
)
 
481

 
10,253

 
(9,857
)
 
396

 
 
$
77,596

 
$
(46,811
)
 
$
30,785

 
$
80,086

 
$
(44,563
)
 
$
35,523

Indefinite-lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
Liquor licenses
 
$
7,488

 
$

 
$
7,488

 
$
6,747

 
$

 
$
6,747

Intangible assets, net
 
$
85,084

 
$
(46,811
)
 
$
38,273

 
$
86,833

 
$
(44,563
)
 
$
42,270

Schedule of estimated aggregate future amortization expense
The estimated aggregate future amortization expense as of December 31, 2017 is as follows (in thousands):
2018
$
4,202

2019
4,154

2020
3,638

2021
3,183

2022
2,743

Thereafter
12,865

 
$
30,785