XML 61 R41.htm IDEA: XBRL DOCUMENT v3.25.0.1
Goodwill and Intangible Assets, Net (Tables)
 12 Months Ended
Dec. 29, 2024
Goodwill [Line Items]  
Goodwill rollforward The following table is a rollforward of goodwill and the related accumulated impairment losses for the periods indicated:
(dollars in thousands)U.S.
INTERNATIONAL FRANCHISE (1)
CONSOLIDATED
Balance as of December 31, 2023
Goodwill, gross$838,827 $162,549 $1,001,376 
Accumulated impairment losses(668,170)(119,883)(788,053)
Goodwill, net170,657 42,666 213,323 
Changes in goodwill— — — 
Balance as of December 29, 2024
Goodwill, gross838,827 162,549 1,001,376 
Accumulated impairment losses(668,170)(119,883)(788,053)
Goodwill, net$170,657 $42,666 $213,323 
________________
(1)Excludes $51.9 million and $63.0 million of Goodwill, net as of December 29, 2024 and December 31, 2023, respectively, classified as held for sale.
Schedule of goodwill and intangible assets by reporting unit
The following table presents goodwill, trade names and trademarks balances by reporting unit as of the periods indicated:
DECEMBER 29, 2024DECEMBER 31, 2023
(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 — 6,957 28,188 — 9,788 
Fleming’s Prime Steakhouse & Wine Bar455 — 7,418 455 — 8,412 
U.S. total170,657 356,000 14,375 170,657 356,000 18,200 
International Franchise42,666 58,716 — 42,666 58,716 — 
Total$213,323 $414,716 $14,375 $213,323 $414,716 $18,200 
Finite-lived intangible assets amortization expense The following table presents the aggregate expense related to the amortization of the Company’s trademarks for the periods indicated:
FISCAL YEAR
(dollars in thousands)202420232022
Amortization expense$3,825 $4,076 $3,939 
Schedule of finite-lived intangible assets, future amortization expense
The following table presents expected annual amortization of intangible assets as of December 29, 2024:
FISCAL YEAR
(dollars in thousands)20252026202720282029
Amortization of intangible assets$3,825 $3,825 $2,292 $995 $995 
Intangible assets, net  
Goodwill [Line Items]  
Schedule of intangible assets Intangible assets, net, consisted of the following as of the periods indicated:
WEIGHTED AVERAGE REMAINING AMORTIZATION PERIOD (in years)DECEMBER 29, 2024DECEMBER 31, 2023
(dollars in thousands)GROSS CARRYING VALUEACCUMULATED AMORTIZATIONNET CARRYING VALUEGROSS CARRYING VALUEACCUMULATED AMORTIZATIONNET CARRYING VALUE
Trade namesIndefinite$414,716 $414,716 $414,716 $414,716 
Trademarks481,952 $(67,577)14,375 81,952 $(63,752)18,200 
Total intangible assets$496,668 $(67,577)$429,091 $496,668 $(63,752)$432,916