Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

The significant majority of the Company's goodwill arose from the November 29, 2007 acquisition of Applebee's which was allocated between the franchise and company restaurants segments.

Changes in the carrying amount of goodwill during the nine months ended September 30, 2025 were as follows:


	Franchise Segment		Company Restaurants Segment		Total
	(In millions)
Balance at December 31, 2024	$	247.0	$	1.6	$	248.6
Business acquisition	—		1.6		1.6
Purchase price adjustment	—		(0.9)		(0.9)
Adjustments resulting from the subsequent recognition of deferred tax assets	—		0.3		0.3
Balance at September 30, 2025	$	247.0	$	2.6	$	249.6

During the nine months ended September 30, 2025, the Company acquired 12 Applebee's restaurants from a franchisee as described in Note 17 - Business Acquisition of the Notes to the Condensed Consolidated Financial Statements, and allocated $1.6 million of resulting goodwill to the company restaurants segment.

Gross and net carrying amounts of goodwill at September 30, 2025 and December 31, 2024 are as follows:


	September 30, 2025						December 31, 2024
	Gross		Accumulated Impairment Loss		Net		Gross		Accumulated Impairment Loss		Net
	(In millions)
Franchise Segment	$	704.6	$	(457.6)	$	247.0	$	704.6	$	(457.6)	$	247.0
Company Restaurants Segment	2.6		—		2.6		1.6		—		1.6
Total	$707.2		$(457.6)		$249.6		$706.2		$(457.6)		$248.6

Other Intangible Assets

The significant majority of the Company's other intangible assets arose from the November 29, 2007 acquisition of Applebee's. Changes in the carrying amounts during the nine months ended September 30, 2025 are as follows:


	Tradenames		Franchising Rights		Favorable Leaseholds		Other		Total
	(In millions)
Balance at December 31, 2024	$	525.2	$	42.3	$	2.8	$	5.4	$	575.7
Impairment	—		—		(2.8)		—		(2.8)
Amortization expense	—		(8.1)		—		(0.2)		(8.3)
Additions	—		—		—		1.6		1.6
Disposition	—		—		—		—		—
Balance at September 30, 2025	$	525.2	$	34.3	$	—	$	6.8	$	566.2

Gross and net carrying amounts of intangible assets subject to amortization at September 30, 2025 and December 31, 2024 are as follows:


	September 30, 2025							December 31, 2024
	Gross		Accumulated Amortization		Net		Weighted Average Remaining Period	Gross		Accumulated Amortization		Net		Weighted Average Remaining Period
	(In millions, except weighted average remaining period in years)
Franchising rights	$	214.8	$	(180.5)	$	34.3	7.8	$	214.8	$	(172.5)	$	42.3	7.6
Favorable leaseholds	—		—		—		0.0	3.4		(0.6)		2.8		10.1
Other	1.9		(0.3)		1.6		8.1	0.5		(0.1)		0.4		13.0
Total	$	216.7	$	(180.8)	$	35.8	7.8	$	218.7	$	(173.2)	$	45.5	7.8