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Franchise Rights Acquired, Goodwill and Other Intangible Assets (Tables)
 6 Months Ended
Jul. 01, 2023
Goodwill And Intangible Assets Disclosure [Abstract]  
Change in Carrying Amount of Goodwill For the six months ended July 1, 2023, the change in the carrying amount of goodwill was due to the acquisition of Sequence and the effect of exchange rate changes as follows:

 

 

 

North America

 

 

International

 

 

Total

 

Balance as of January 1, 2022

 

$

147,530

 

 

$

9,844

 

 

$

157,374

 

Goodwill acquired during the period

 

 

—

 

 

 

5,936

 

 

 

5,936

 

Goodwill impairment

 

 

(1,101

)

 

 

(2,023

)

 

 

(3,124

)

Effect of exchange rate changes

 

 

(2,862

)

 

 

(1,326

)

 

 

(4,188

)

Balance as of December 31, 2022

 

$

143,567

 

 

$

12,431

 

 

$

155,998

 

Goodwill acquired during the period

 

 

89,190

 

 

 

—

 

 

 

89,190

 

Effect of exchange rate changes

 

 

916

 

 

 

104

 

 

 

1,020

 

Balance as of July 1, 2023

 

$

233,673

 

 

$

12,535

 

 

$

246,208

 
Schedule of Assumptions Utilized in Annual Goodwill Impairment Analysis

The following are the more significant assumptions utilized in the Company's annual goodwill impairment analyses for fiscal 2023 and fiscal 2022:

 

 

 

Fiscal 2023

 

Fiscal 2022

Debt-Free Cumulative Annual Cash Flow Growth Rate

 

3.9% to 24.9%

 

1.2% to 20.6%

Discount Rate

 

10.8%

 

9.6%
Schedule of Carrying Values of Finite-lived Intangible Assets

The carrying values of finite-lived intangible assets as of July 1, 2023 and December 31, 2022 were as follows:

 

 

 

July 1, 2023

 

 

December 31, 2022

 

 

 

Gross

 

 

 

 

 

Gross

 

 

 

 

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Accumulated

 

 

 

Amount

 

 

Amortization

 

 

Amount

 

 

Amortization

 

Capitalized software costs

 

$

109,044

 

 

$

99,369

 

 

$

107,229

 

 

$

94,375

 

Website development costs

 

 

157,812

 

 

 

104,186

 

 

 

133,818

 

 

 

91,482

 

Trademarks

 

 

12,175

 

 

 

11,968

 

 

 

12,162

 

 

 

11,882

 

Other

 

 

13,980

 

 

 

6,397

 

 

 

13,961

 

 

 

6,125

 

Trademarks and other intangible assets

 

$

293,011

 

 

$

221,920

 

 

$

267,170

 

 

$

203,864

 

Franchise rights acquired

 

 

8,266

 

 

 

5,350

 

 

 

8,164

 

 

 

5,101

 

Total finite-lived intangible assets

 

$

301,277

 

 

$

227,270

 

 

$

275,334

 

 

$

208,965

 
Schedule of Estimated Amortization Expense of Finite-lived Intangible Assets

Estimated amortization expense of existing finite-lived intangible assets for the next five fiscal years and thereafter is as follows:

 

Remainder of fiscal 2023

 

$

20,896

 

Fiscal 2024

 

$

26,108

 

Fiscal 2025

 

$

15,626

 

Fiscal 2026

 

$

3,481

 

Fiscal 2027

 

$

725

 

Fiscal 2028

 

$

357

 

Thereafter

 

$

6,814