XML 38 R28.htm IDEA: XBRL DOCUMENT v3.22.2.2
Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 28, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Carrying Amounts of Goodwill
The following table reflects the changes in carrying amount of goodwill:

(In thousands)
Balance, December 29, 2021$36,884 
Addition related to the acquisition of Keke's35,213 
Addition related to the acquisition of a Denny's franchise unit643 
Balance, September 28, 202272,740 
Schedule of Indefinite-Lived Intangible Assets
Intangible assets consisted of the following:

 September 28, 2022December 29, 2021
 Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated Amortization
 (In thousands)
Intangible assets with indefinite lives:
    
Trade names (1)
$79,687 $— $44,087 $— 
Liquor licenses120 — 120 — 
Intangible assets with definite lives:
    
Reacquired franchise rights11,801 6,739 12,218 6,199 
Franchise agreements (1)
10,700 104 — — 
Intangible assets, net$102,308 $6,843 $56,425 $6,199 

(1)    The increases in trade names and franchise agreements is a result of the Keke's acquisition. See Note 3 for details on the Keke's acquisition.
Schedule of Finite-Lived Intangible Assets
Intangible assets consisted of the following:

 September 28, 2022December 29, 2021
 Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated Amortization
 (In thousands)
Intangible assets with indefinite lives:
    
Trade names (1)
$79,687 $— $44,087 $— 
Liquor licenses120 — 120 — 
Intangible assets with definite lives:
    
Reacquired franchise rights11,801 6,739 12,218 6,199 
Franchise agreements (1)
10,700 104 — — 
Intangible assets, net$102,308 $6,843 $56,425 $6,199 

(1)    The increases in trade names and franchise agreements is a result of the Keke's acquisition. See Note 3 for details on the Keke's acquisition.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
As of September 28, 2022, estimated amortization expense for intangible assets with definite lives in the next five years is as follows:

(In thousands)
Remainder of 2022$429 
20231,536 
20241,466 
20251,410 
20261,242