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Intangible Assets and Goodwill | 9 Months Ended
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Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets and Goodwill | NOTE 7 — Intangible Assets and Goodwill Intangible Assets The details of the intangible assets are as follows:
(in thousands) |  |  |  | Weighted-average amortization period (in years) |  | September 30, 2022 |  | December 31, 2021
Reacquired franchise rights |  |  |  | 3.6 |  | $ | 27,049 |  |  | $ | 25,314 |
Less: accumulated amortization |  |  |  |  |  | (17,223) |  |  | (14,211) |
Intangibles, net |  |  |  |  |  | $ | 9,826 |  |  | $ | 11,103 |
Amortization expense included in the Company’s condensed consolidated statements of operations was as follows:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30, |  |
(in thousands) |  | 2022 |  | 2021 |  | 2022 |  | 2021 |  |
Cost of sales |  | $ | 1,055 |  |  | $ | 948 |  |  | $ | 3,012 |  |  | $ | 2,579 |  |  |
The estimated future amortization expense of the reacquired franchise rights as of September 30, 2022 is as follows:
(in thousands) |  |
Remainder of 2022 |  | $ | 1,022 |
2023 |  | 3,389 |
2024 |  | 2,469 |
2025 |  | 1,435 |
2026 |  | 681 |
Thereafter |  | 830 |
Total |  | $ | 9,826 |
Goodwill Goodwill is allocated entirely to the Company-operated shops segment. The carrying amount and activity of goodwill was as follows:
(in thousands) |  |  |  |  |  |
Balance, December 31, 2021 |  |  |  |  |  | $ | 18,715 |
Business combinations |  |  |  |  |  | 2,914 |
Balance, September 30, 2022 |  |  |  |  |  | $ | 21,629 |
No impairment charges were recognized for the nine months ended September 30, 2022 and 2021.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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