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Goodwill and Intangible Assets, Net
12 Months Ended
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.INTERNATIONALCONSOLIDATED
Balance as of December 26, 2021$170,657 $97,787 $268,444 
Translation adjustments— 4,588 4,588 
Balance as of December 25, 2022170,657 102,375 273,032 
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, 2023DECEMBER 25, 2022DECEMBER 26, 2021
(dollars in thousands)GROSS CARRYING AMOUNTACCUMULATED IMPAIRMENTSGROSS CARRYING AMOUNTACCUMULATED IMPAIRMENTSGROSS CARRYING AMOUNTACCUMULATED IMPAIRMENTS
U.S.$838,827 $(668,170)$838,827 $(668,170)$838,827 $(668,170)
International225,543 (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, 2023DECEMBER 25, 2022
(dollars in thousands)GROSS CARRYING VALUEACCUMULATED AMORTIZATIONNET CARRYING VALUEGROSS CARRYING VALUEACCUMULATED AMORTIZATIONNET CARRYING VALUE
Trade namesIndefinite$414,716 $414,716 $414,716 $414,716 
Trademarks581,952 $(63,752)18,200 81,952 $(59,675)22,277 
Reacquired franchise rights (1)836,506 (26,437)10,069 34,602 (23,269)11,333 
Total intangible assets6$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, 2023DECEMBER 25, 2022
(dollars in thousands)GOODWILLTRADE NAMESTRADEMARKSGOODWILLTRADE NAMESTRADEMARKS
Outback Steakhouse$123,188 $287,000 $— $123,188 $287,000 $— 
Carrabba’s Italian Grill18,826 69,000 — 18,826 69,000 — 
Bonefish Grill28,188 — 9,788 28,188 — 12,618 
Fleming’s Prime Steakhouse & Wine Bar455 — 8,412 455 — 9,407 
U.S. total170,657 356,000 18,200 170,657 356,000 22,025 
Outback Steakhouse - Brazil62,994 — — 59,709 — 252 
International - Franchise42,666 58,716 — 42,666 58,716 — 
International total105,660 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)202320222021
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