Goodwill and Intangible Assets

12 Months Ended

Dec. 27, 2022

(7) Goodwill and Intangible Assets

All of our goodwill and intangible assets reside within the Texas Roadhouse reportable segment. The changes in the carrying amount of goodwill and intangible assets are as follows:


	Goodwill		Intangible Assets
Balance as of December 29, 2020 (1)	$	127,001	$	2,271
Additions		—		—
Amortization expense		—		(751)
Disposals and other, net		—		—
Impairment		—		—
Balance as of December 28, 2021	$	127,001	$	1,520
Additions		21,731		6,900
Amortization expense		—		(2,813)
Disposals and other, net		—		—
Impairment		—		—
Balance as of December 27, 2022	$	148,732	$	5,607

(1)	Net of $5.9 million of accumulated goodwill impairment losses.

Intangible assets consist of reacquired franchise rights. The gross carrying amount and accumulated amortization of the intangible assets at December 27, 2022 were $23.5 million and $17.9 million, respectively. As of December 28, 2021, the gross carrying amount and accumulated amortization of the intangible assets were $16.6 million and $15.1 million, respectively. We amortize reacquired franchise rights on a straight-line basis over the remaining term of the franchise operating agreements, which varies by franchise agreement. Amortization expense for the next four years is expected to range from $0.1 million to $2.6 million. Refer to Note 4 for discussion of the acquisitions completed for the year ended December 27, 2022.