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Acquisitions | 3 Months Ended
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Apr. 01, 2025
Acquisitions |
Acquisitions | (7) Acquisitions ​ During the 13 weeks ended April 1, 2025, we completed the acquisition of 14 domestic franchise Texas Roadhouse restaurants. Pursuant to the terms of the acquisition agreements, we paid a total purchase price of $78.3 million, net of cash acquired. These transactions were accounted for using the acquisition method as defined in Accounting Standards Codification 805, Business Combinations. These acquisitions are consistent with our long-term strategy to increase net income and earnings per share. The following table summarizes the consideration paid for these acquisitions, and the estimated fair value of the assets acquired and the liabilities assumed at the acquisition dates, which are adjusted for measurement-period adjustments through April 1, 2025. ​
​ | ​ | ​ | ​
Inventory | ​ | $ | 794
Property and equipment | ​ | ​ | 14,595
Operating lease right-of-use assets | ​ | ​ | 37,196
Goodwill | ​ | ​ | 49,237
Intangible assets | ​ | ​ | 16,780
Other assets | ​ | ​ | 439
Deferred revenue-gift cards | ​ | ​ | (1,768)
Current portion of operating lease liabilities | ​ | ​ | (1,306)
Operating lease liabilities, net of current portion | ​ | ​ | (37,670)
​ | ​ | $ | 78,297
​ The aggregate purchase price is preliminary as we are finalizing working capital adjustments. Intangible assets represent reacquired franchise rights which are being amortized over a weighted-average useful life of 4.1 years. We expect all of the goodwill will be deductible for tax purposes and believe the resulting amount of goodwill reflects the benefit of sales and unit growth opportunities as well as the benefit of the assembled workforce of the acquired restaurants. Pro forma financial detail and operating results have not been presented as the results of the acquired restaurants are not material to our unaudited condensed consolidated financial position, results of operations, or cash flows.

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