Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

v3.10.0.1
Goodwill and Intangible Assets
6 Months Ended
Jul. 15, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
Goodwill and Intangible Assets
The following table presents goodwill as of July 15, 2018 and December 31, 2017 (in thousands):
Balance, December 31, 2017
 
$
96,979

Foreign currency translation adjustment
 
(664
)
Balance, July 15, 2018
 
$
96,315


The Company recorded no goodwill impairment losses in the period presented in the table above or any prior periods.
The following table presents intangible assets as of July 15, 2018 and December 31, 2017 (in thousands):
 
 
July 15, 2018
 
December 31, 2017
 
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
Intangible assets subject to amortization:
 
 
 
 
 
 
 
 
 
 
 
 
Franchise rights
 
$
54,422

 
$
(31,557
)
 
$
22,865

 
$
54,447

 
$
(29,685
)
 
$
24,762

Favorable leases
 
13,001

 
(7,832
)
 
5,169

 
13,001

 
(7,459
)
 
5,542

Liquor licenses and other
 
10,848

 
(9,714
)
 
1,134

 
10,148

 
(9,667
)
 
481

 
 
$
78,271

 
$
(49,103
)
 
$
29,168

 
$
77,596

 
$
(46,811
)
 
$
30,785

Indefinite-lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
Liquor licenses and other
 
$
7,459

 
$

 
$
7,459

 
$
7,488

 
$

 
$
7,488

Intangible assets, net
 
$
85,730

 
$
(49,103
)
 
$
36,627

 
$
85,084

 
$
(46,811
)
 
$
38,273