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Goodwill and Intangible Assets

12 Months Ended

Dec. 26, 2023

(7) Goodwill and Intangible Assets

All of our goodwill and intangible assets reside within the Texas Roadhouse reportable segment. The gross carrying amounts of goodwill and intangible assets were as follows:


	Goodwill		Intangible Assets
Balance as of December 28, 2021	$	127,001	$	1,520
Additions		21,731		6,900
Amortization expense		—		(2,813)
Balance as of December 27, 2022	$	148,732	$	5,607
Additions		20,952		900
Amortization expense		—		(3,024)
Balance as of December 26, 2023	$	169,684	$	3,483

Intangible assets consist of reacquired franchise rights. The gross carrying amount and accumulated amortization of the intangible assets at December 26, 2023 were $24.4 million and $20.9 million, respectively. As of December 27, 2022, the gross carrying amount and accumulated amortization of the intangible assets were $23.5 million and $17.9

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 zero to $2.2 million. Refer to Note 4 for discussion of the acquisitions completed for the years ended December 26, 2023 and December 27, 2022.