Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets

v3.10.0.1
Goodwill and Intangible Assets
 12 Months Ended
Dec. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
Goodwill and Intangible Assets
The following table presents goodwill as of December 30, 2018 and December 31, 2017 (in thousands).
 
 
2018
 
2017
Balance at beginning of year
 
$
96,979

 
$
95,935

Acquisition
 
—

 
—

Foreign currency translation adjustment
 
(1,141
)
 
1,044

Balance at end of year
 
$
95,838

 
$
96,979


The Company recorded no goodwill impairment losses in the periods presented in the above table or any prior periods.
The following table presents intangible assets as of December 30, 2018 and December 31, 2017 (in thousands):
 
 
2018
 
2017
 
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
Intangible assets subject to amortization:
 
 
 
 
 
 
 
 
 
 
 
 
Franchise rights
 
$
54,404

 
$
(33,160
)
 
$
21,244

 
$
54,447

 
$
(29,685
)
 
$
24,762

Leasehold interests
 
13,001

 
(8,136
)
 
4,865

 
13,001

 
(7,459
)
 
5,542

Liquor licenses and other
 
10,810

 
(9,770
)
 
1,040

 
10,148

 
(9,667
)
 
481

 
 
$
78,215

 
$
(51,066
)
 
$
27,149

 
$
77,596

 
$
(46,811
)
 
$
30,785

Indefinite-lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
Liquor licenses
 
$
7,460

 
$
—

 
$
7,460

 
$
7,488

 
$
—

 
$
7,488

Intangible assets, net
 
$
85,675

 
$
(51,066
)
 
$
34,609

 
$
85,084

 
$
(46,811
)
 
$
38,273


No impairment charges were recorded related to indefinite-lived intangibles in 2018, 2017, and 2016. There were immaterial impairments of franchise rights, leasehold interests, and liquor licenses related to the 41 restaurants impaired in 2018 and immaterial impairments of franchise rights and liquor licenses related to the 13 restaurants impaired in 2017, which are discussed in Note 4, Other Charges. There were no other impairments of intangible assets subject to amortization in 2018, 2017, or 2016.
The aggregate amortization expense related to intangible assets subject to amortization for 2018, 2017, and 2016 was $4.3 million, $4.9 million, and $5.1 million.
The estimated aggregate future amortization expense as of December 30, 2018 is as follows (in thousands):
2019
$
4,285

2020
3,770

2021
3,341

2022
2,897

2023
2,647

Thereafter
10,209

 
$
27,149