XML 53 R31.htm IDEA: XBRL DOCUMENT v3.19.2
GOODWILL AND INTANGIBLES (Tables)
12 Months Ended
Jun. 26, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes In Carrying Amount Of Goodwill
There have been no impairments of Goodwill for the fiscal years ended June 26, 2019, June 27, 2018 and June 28, 2017. The changes in the carrying amount of Goodwill by segment are as follows:
 
June 26, 2019
 
June 27, 2018
 
Chili’s
 
Maggiano’s
 
Consolidated
 
Chili’s
 
Maggiano’s
 
Consolidated
Balance at beginning of year
$
125.4

 
$
38.4

 
$
163.8

 
$
125.6

 
$
38.4

 
$
164.0

Changes in goodwill:
 
 
 
 
 
 
 
 
 
 
 
Additions(1)
1.6

 

 
1.6

 

 

 

Foreign currency translation adjustment
0.1

 

 
0.1

 
(0.2
)
 

 
(0.2
)
Balance at end of year
$
127.1

 
$
38.4

 
$
165.5

 
$
125.4

 
$
38.4

 
$
163.8


(1) 
During the fiscal year ended June 26, 2019, we acquired 3 domestic Chili’s restaurants previously owned by franchise partners.
Schedule of Intangible Assets
Intangible assets, net are as follows:
 
June 26, 2019
 
June 27, 2018
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
Definite-lived intangible assets
 
 
 
 
 
 
 
 
 
 
 
Chili’s reacquired franchise rights(1)
$
13.3

 
$
(5.5
)
 
$
7.8

 
$
13.6

 
$
(4.4
)
 
$
9.2

Chili’s other
5.6

 
(1.5
)
 
4.1

 
5.6

 
(1.3
)
 
4.3

 
$
18.9

 
$
(7.0
)
 
$
11.9

 
$
19.2

 
$
(5.7
)
 
$
13.5

 
 
 
 
 
 
 
 
 
 
 
 
Indefinite-lived intangible assets
 
 
 
 
 
 
 
 
 
 
 
Chili’s liquor licenses
$
9.5

 
 
 
 
 
$
9.6

 
 
 
 
Maggiano’s liquor licenses
0.9

 
 
 
 
 
0.9

 
 
 
 
 
$
10.4

 
 
 
 
 
$
10.5

 

 
 

(1) 
We recorded an impairment charge of $0.5 million during fiscal 2019, and $1.5 million during fiscal 2018, in Other (gains) and charges in the Consolidated Statements of Comprehensive Income. Refer to Note 5 - Other Gains and Charges and Note 11 - Fair Value Measurements and for additional disclosures.
Additions of $0.1 million during the fiscal year ended June 26, 2019 were recorded related to the reacquired franchise rights associated with the 3 acquired Chili’s restaurants previously owned by franchise partners.
Foreign currency translation impact is included in the gross carrying amount and accumulated amortization, and was $0.1 million and $0.1 million for fiscal 2019 and fiscal 2018, respectively.