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Franchise Rights Acquired, Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 29, 2018
Goodwill And Intangible Assets Disclosure [Abstract] |
Franchise Rights Acquired, Goodwill and Other Intangible Assets |
6. | Franchise Rights Acquired, Goodwill and Other Intangible Assets
The Company performed its annual impairment review of goodwill and other indefinite-lived intangible assets for fiscal 2018 and fiscal 2017 on May 6 and May 7, respectively. In addition, for the Company’s Brazil reporting unit only, given the ongoing challenging economic environment, the negative performance trends and the Company’s reduced expectations regarding the future impact of its business growth strategies in the country, the Company performed an interim goodwill impairment analysis at December 30, 2017. . In performing the interim goodwill impairment analysis for its Brazil reporting unit, the Company recorded a $13,323 impairment charge at December 30, 2017. In performing its annual impairment analysis as of May 6, 2018 and May 7, 2017, the Company determined that the carrying amounts of its goodwill reporting units and franchise rights acquired with indefinite lives units of account did not exceed their respective fair values and therefore, no impairment existed Franchise rights acquired are due to acquisitions of the Company’s franchised territories as well as the acquisition of franchise promotion agreements and other factors associated with the acquired franchise territories. For the fiscal year ended December 29, 2018, the change in the carrying value of franchise rights acquired is due to the franchisee acquisitions as described in Note 5 and the effect of exchange rate changes. Goodwill primarily relates to the acquisition of the Company by H.J. Heinz Company in 1978 and the Company’s acquisition of WeightWatchers.com, Inc. in 2005, acquisitions of the Company’s franchised territories, acquisitions of the majority interest in Vigilantes do Peso Marketing Ltda. (“VPM”) and of Knowplicity, Inc., d/b/a Wello, in fiscal 2014 and the acquisition of Weilos, Inc. in fiscal 2015. See Note 5 for additional information about acquisitions by the Company. For the fiscal year ended December 29, 2018, the change in the carrying amount of goodwill is due to the Kurbo acquisition, a franchise acquisition and the effect of exchange rate changes as follows:
|  | North |  |  | Continental |  |  | United |  |  |  |  |  |  |  |  |
|  | America |  |  | Europe |  |  | Kingdom |  |  | Other |  |  | Total |
Balance as of December 30, 2017 |  | $ | 140,389 |  |  | $ | 7,759 |  |  | $ | 1,253 |  |  | $ | 6,880 |  |  | $ | 156,281 |
Goodwill acquired during the period |  |  | 1,101 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 1,101 |
Effect of exchange rate changes |  |  | (3,334 | ) |  |  | (517 | ) |  |  | (75 | ) |  |  | (937 | ) |  |  | (4,863 | )
Balance as of December 29, 2018 |  | $ | 138,156 |  |  | $ | 7,242 |  |  | $ | 1,178 |  |  | $ | 5,943 |  |  | $ | 152,519 |
Finite-lived Intangible Assets The below table reflects the carrying values of finite-lived intangible assets as of December 29, 2018 and December 30, 2017:
|  | December 29, 2018 |  |  | December 30, 2017 |
|  | Gross |  |  |  |  |  |  | Gross |  |  |  |  |
|  | Carrying |  |  | Accumulated |  |  | Carrying |  |  | Accumulated |
|  | Amount |  |  | Amortization |  |  | Amount |  |  | Amortization |
Capitalized software costs |  | $ | 121,508 |  |  | $ | 102,659 |  |  | $ | 111,617 |  |  | $ | 94,697 |
Website development costs |  |  | 105,710 |  |  |  | 77,825 |  |  |  | 90,096 |  |  |  | 61,125 |
Trademarks |  |  | 11,620 |  |  |  | 11,010 |  |  |  | 11,231 |  |  |  | 10,833 |
Other |  |  | 13,967 |  |  |  | 4,149 |  |  |  | 3,793 |  |  |  | 3,546 |
Trademarks and other intangible assets |  | $ | 252,805 |  |  | $ | 195,643 |  |  | $ | 216,737 |  |  | $ | 170,201 |
Franchise rights acquired |  |  | 8,110 |  |  |  | 4,319 |  |  |  | 4,526 |  |  |  | 4,526 |
Total finite-lived intangible assets |  | $ | 260,915 |  |  | $ | 199,962 |  |  | $ | 221,263 |  |  | $ | 174,727 |
Aggregate amortization expense for finite-lived intangible assets was recorded in the amounts of $28,995, $36,040 and $35,752, for the fiscal years ended December 29, 2018, December 30, 2017 and December 31, 2016, respectively. The franchise rights acquired related to the VPM acquisition were amortized ratably over a 2 year period. The franchise rights acquired related to the Miami Acquisition were amortized ratably over a 3 month period. The franchise rights acquired related to the South Carolina Acquisition will be amortized ratably over an 18 year period. Estimated amortization expense of existing finite-lived intangible assets for the next five fiscal years and thereafter is as follows:
Fiscal 2019 |  | $ | 23,689 |
Fiscal 2020 |  | $ | 16,232 |
Fiscal 2021 |  | $ | 7,971 |
Fiscal 2022 |  | $ | 1,641 |
Fiscal 2023 and thereafter |  | $ | 11,420 |

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- 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
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