XML 32 R14.htm IDEA: XBRL DOCUMENT
v3.22.2.2

GOODWILL AND INTANGIBLES | 12 Months Ended
--- | ---
Jun. 29, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLES | There have been no impairments of Goodwill for the fiscal years ended June 29, 2022, June 30, 2021 and June 24, 2020. The changes in the carrying amount of Goodwill by segment are as follows:
| June 29, 2022 |  | June 30, 2021
| Chili’s |  | Maggiano’s |  | Consolidated |  | Chili’s |  | Maggiano’s |  | Consolidated
Balance at beginning of year | $ | 149.8 |  |  | $ | 38.4 |  |  | $ | 188.2 |  |  | $ | 149.2 |  |  | $ | 38.4 |  |  | $ | 187.6 |
Changes in goodwill: |  |  |  |  |  |  |  |  |  |  |
Additions(1) | 7.2 |  |  | — |  |  | 7.2 |  |  | — |  |  | — |  |  | — |
Foreign currency translation adjustment | (0.3) |  |  | — |  |  | (0.3) |  |  | 0.6 |  |  | — |  |  | 0.6 |
Balance at end of year | $ | 156.7 |  |  | $ | 38.4 |  |  | $ | 195.1 |  |  | $ | 149.8 |  |  | $ | 38.4 |  |  | $ | 188.2 |
(1)In the fiscal year ended June 29, 2022, we acquired 68 domestic Chili’s restaurants previously owned by three franchise partners. Refer to Note 2 - Chili's Restaurant Acquisitions for further information. Intangible assets, net are as follows:
| June 29, 2022 |  | June 30, 2021
| 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) | $ | 29.3 |  |  | $ | (12.2) |  |  | $ | 17.1 |  |  | $ | 20.0 |  |  | $ | (9.2) |  |  | $ | 10.8 |
Chili’s other | 0.4 |  |  | (0.4) |  |  | — |  |  | 0.4 |  |  | (0.4) |  |  | — |
| $ | 29.7 |  |  | $ | (12.6) |  |  | $ | 17.1 |  |  | $ | 20.4 |  |  | $ | (9.6) |  |  | $ | 10.8 |
Indefinite-lived intangible assets |  |  |  |  |  |  |  |  |  |  |
Chili’s liquor licenses | $ | 9.4 |  |  |  |  |  |  | $ | 9.4 |  |  |  |  |
Maggiano’s liquor licenses | 0.9 |  |  |  |  |  |  | 0.9 |  |  |  |  |
| $ | 10.3 |  |  |  |  |  |  | $ | 10.3 |  |  |  |  |
(1)Additions, net of accumulated amortization, of $8.4 million in fiscal 2022 were recorded related to reacquired franchise rights associated with the 68 acquired Chili’s restaurants previously owned by three franchise partners. Refer to Note 2 - Chili's Restaurant Acquisitions for further information. Amortization expenses for all definite-lived intangible assets were recorded in Depreciation and amortization in the Consolidated Statements of Comprehensive Income as follows:
| Fiscal Years Ended
| June 29, 2022 |  | June 30, 2021 |  | June 24, 2020
Definite-lived intangible amortization expense | $ | 3.0 |  |  | $ | 2.0 |  |  | $ | 1.9 |
Annual amortization expenses for definite-lived intangible assets are estimated to be $3.3 million for each of the next two fiscal years, and $3.0 million for fiscal 2025, fiscal 2026 and fiscal 2027.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration