| 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.
|