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Goodwill and Intangible Assets
4 Months Ended
Apr. 19, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
The following table presents goodwill as of April 19, 2020 and December 29, 2019 (in thousands):
Balance, December 29, 2019$96,397  
Foreign currency translation adjustment(983) 
Goodwill impairment(1)
(95,414) 
Balance, April 19, 2020$—  
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(1) See Note 2, COVID-19 Pandemic, for further discussion of goodwill impairment recognized during the sixteen weeks ended April 19, 2020.
The following table presents intangible assets as of April 19, 2020 and December 29, 2019 (in thousands):
April 19, 2020December 29, 2019
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Intangible assets subject to amortization:
Franchise rights$50,584  $(35,520) $15,064  $53,336  $(35,896) $17,440  
Favorable leases13,001  (8,957) 4,044  13,001  (8,794) 4,207  
Liquor licenses and other10,713  (9,912) 801  10,737  (9,869) 868  
$74,298  $(54,389) $19,909  $77,074  $(54,559) $22,515  
Indefinite-lived intangible assets:
Liquor licenses and other$7,460  $—  $7,460  $7,460  $—  $7,460  
Intangible assets, net$81,758  $(54,389) $27,369  $84,534  $(54,559) $29,975