Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

v3.19.1
Goodwill and Intangible Assets
4 Months Ended
Apr. 21, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
Goodwill and Intangible Assets
The following table presents goodwill as of April 21, 2019 and December 30, 2018 (in thousands):
Balance, December 30, 2018
 
$
95,838

Foreign currency translation adjustment
 
242

Balance, April 21, 2019
 
$
96,080


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 April 21, 2019 and December 30, 2018 (in thousands):
 
 
April 21, 2019
 
December 30, 2018
 
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
Intangible assets subject to amortization:
 
 
 
 
 
 
 
 
 
 
 
 
Franchise rights
 
$
54,413

 
$
(34,239
)
 
$
20,174

 
$
54,404

 
$
(33,160
)
 
$
21,244

Favorable leases
 
13,001

 
(8,338
)
 
4,663

 
13,001

 
(8,136
)
 
4,865

Liquor licenses and other
 
10,810

 
(9,820
)
 
990

 
10,810

 
(9,770
)
 
1,040

 
 
$
78,224

 
$
(52,397
)
 
$
25,827

 
$
78,215

 
$
(51,066
)
 
$
27,149

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

 
$

 
$
7,460

 
$
7,460

 
$

 
$
7,460

Intangible assets, net
 
$
85,684

 
$
(52,397
)
 
$
33,287

 
$
85,675

 
$
(51,066
)
 
$
34,609



There were no impairments to intangible assets during the sixteen weeks ended April 21, 2019.