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Goodwill and Intangible Assets, Net | 12 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets, Net | Goodwill and Intangible Assets, Net Goodwill - The following table is a rollforward of goodwill for the periods indicated:
(dollars in thousands) | U.S. |  | INTERNATIONAL |  | CONSOLIDATED
Balance as of December 26, 2021 | $ | 170,657 |  |  | $ | 97,787 |  |  | $ | 268,444 |
Translation adjustments | — |  |  | 4,588 |  |  | 4,588 |
Balance as of December 25, 2022 | 170,657 |  |  | 102,375 |  |  | 273,032 |
Translation adjustments | — |  |  | 3,285 |  |  | 3,285 |
Balance as of December 31, 2023 | $ | 170,657 |  |  | $ | 105,660 |  |  | $ | 276,317 |
The following table is a summary of the Company’s gross goodwill balances and accumulated impairments as of the periods indicated:
| DECEMBER 31, 2023 |  | DECEMBER 25, 2022 |  | DECEMBER 26, 2021
(dollars in thousands) | GROSS CARRYING AMOUNT |  | ACCUMULATED IMPAIRMENTS |  | GROSS CARRYING AMOUNT |  | ACCUMULATED IMPAIRMENTS |  | GROSS CARRYING AMOUNT |  | ACCUMULATED IMPAIRMENTS
U.S. | $ | 838,827 |  |  | $ | (668,170) |  |  | $ | 838,827 |  |  | $ | (668,170) |  |  | $ | 838,827 |  |  | $ | (668,170) |
International | 225,543 |  |  | (119,883) |  |  | 222,258 |  |  | (119,883) |  |  | 217,670 |  |  | (119,883) |
Total goodwill | $ | 1,064,370 |  |  | $ | (788,053) |  |  | $ | 1,061,085 |  |  | $ | (788,053) |  |  | $ | 1,056,497 |  |  | $ | (788,053) |
The Company performs its annual assessment for impairment of goodwill and other indefinite-lived intangible assets each year during the second quarter. The Company’s 2023 assessment was quantitative and the 2022 and 2021 assessments were qualitative. As a result of these assessments, the Company did not record any goodwill asset impairment charges during 2023, 2022 or 2021. Intangible Assets, net - Intangible assets, net, consisted of the following as of the periods indicated:
| WEIGHTED AVERAGE REMAINING AMORTIZATION PERIOD (in years) |  | DECEMBER 31, 2023 |  | DECEMBER 25, 2022
(dollars in thousands) |  | GROSS CARRYING VALUE |  | ACCUMULATED AMORTIZATION |  | NET CARRYING VALUE |  | GROSS CARRYING VALUE |  | ACCUMULATED AMORTIZATION |  | NET CARRYING VALUE
Trade names | Indefinite |  | $ | 414,716 |  |  |  |  | $ | 414,716 |  |  | $ | 414,716 |  |  |  |  | $ | 414,716 |
Trademarks | 5 |  | 81,952 |  |  | $ | (63,752) |  |  | 18,200 |  |  | 81,952 |  |  | $ | (59,675) |  |  | 22,277 |
Reacquired franchise rights (1) | 8 |  | 36,506 |  |  | (26,437) |  |  | 10,069 |  |  | 34,602 |  |  | (23,269) |  |  | 11,333 |
Total intangible assets | 6 |  | $ | 533,174 |  |  | $ | (90,189) |  |  | $ | 442,985 |  |  | $ | 531,270 |  |  | $ | (82,944) |  |  | $ | 448,326 |
________________ (1)Included within Outback Steakhouse - Brazil. The Company did not record any intangible asset impairment charges during the periods presented. The following table presents goodwill, trade names and trademarks balances by reporting unit as of the periods indicated:
| DECEMBER 31, 2023 |  | DECEMBER 25, 2022
(dollars in thousands) | GOODWILL |  | TRADE NAMES |  | TRADEMARKS |  | GOODWILL |  | TRADE NAMES |  | TRADEMARKS
Outback Steakhouse | $ | 123,188 |  |  | $ | 287,000 |  |  | $ | — |  |  | $ | 123,188 |  |  | $ | 287,000 |  |  | $ | — |
Carrabba’s Italian Grill | 18,826 |  |  | 69,000 |  |  | — |  |  | 18,826 |  |  | 69,000 |  |  | — |
Bonefish Grill | 28,188 |  |  | — |  |  | 9,788 |  |  | 28,188 |  |  | — |  |  | 12,618 |
Fleming’s Prime Steakhouse & Wine Bar | 455 |  |  | — |  |  | 8,412 |  |  | 455 |  |  | — |  |  | 9,407 |
U.S. total | 170,657 |  |  | 356,000 |  |  | 18,200 |  |  | 170,657 |  |  | 356,000 |  |  | 22,025 |
Outback Steakhouse - Brazil | 62,994 |  |  | — |  |  | — |  |  | 59,709 |  |  | — |  |  | 252 |
International - Franchise | 42,666 |  |  | 58,716 |  |  | — |  |  | 42,666 |  |  | 58,716 |  |  | — |
International total | 105,660 |  |  | 58,716 |  |  | — |  |  | 102,375 |  |  | 58,716 |  |  | 252 |
Total | $ | 276,317 |  |  | $ | 414,716 |  |  | $ | 18,200 |  |  | $ | 273,032 |  |  | $ | 414,716 |  |  | $ | 22,277 |
Definite-lived intangible assets are amortized on a straight-line basis. The following table presents the aggregate expense related to the amortization of the Company’s trademarks and reacquired franchise rights for the periods indicated:
| FISCAL YEAR
(dollars in thousands) | 2023 |  | 2022 |  | 2021
Amortization expense | $ | 5,984 |  |  | $ | 6,172 |  |  | $ | 6,005 |
The following table presents expected annual amortization of intangible assets as of December 31, 2023:
(dollars in thousands) |
2024 | $ | 5,738 |
2025 | $ | 5,470 |
2026 | $ | 5,374 |
2027 | $ | 3,624 |
2028 | $ | 2,076 |

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