XML 23 R8.htm IDEA: XBRL DOCUMENT
v3.20.4

Goodwill and Intangible Assets | 12 Months Ended
--- | ---
Sep. 29, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets |
2. | Goodwill and Intangible Assets:
The following table presents goodwill and intangible assets as of September 29, 2020 and September 24, 2019 (in thousands):
|  | September 29, 2020 |  |  | September 24, 2019 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Intangible assets subject to amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Franchise rights |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 116 |  |  | $ | (104 | ) |  | $ | 12 |
Non-compete agreements |  |  | 50 |  |  |  | (28 | ) |  |  | 22 |  |  |  | 65 |  |  |  | (26 | ) |  |  | 39 |
|  | $ | 50 |  |  | $ | (28 | ) |  | $ | 22 |  |  | $ | 181 |  |  | $ | (130 | ) |  | $ | 51 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trademarks |  | $ | 3,900 |  |  | $ | - |  |  | $ | 3,900 |  |  | $ | 3,900 |  |  | $ | - |  |  | $ | 3,900 |
Intangible assets, net |  | $ | 3,950 |  |  | $ | (28 | ) |  | $ | 3,922 |  |  | $ | 4,081 |  |  | $ | (130 | ) |  | $ | 3,951 |
Goodwill |  | $ | 5,150 |  |  | $ | - |  |  | $ | 5,150 |  |  | $ | 15,150 |  |  | $ | - |  |  | $ | 15,150 |
As previously discussed in Note 1, the Company recorded a $10,000,000 impairment to goodwill in the second fiscal quarter of 2020 related to goodwill attributable to its Bad Daddy’s reporting unit. There were no impairments to intangible assets during the fiscal year ended September 29, 2020. The aggregate amortization expense related to these intangible assets subject to amortization was $28,000 for the fiscal year ended September 29, 2020. The Company’s franchise rights were fully amortized at the end of the second fiscal quarter of 2020 and the intangible asset and the related accumulated amortization were written off in the third fiscal quarter of 2020. The estimated aggregate future amortization expense as of September 29, 2020 is as follows (in thousands):
2021 |  |  | 16 |
2022 |  |  | 6 |
|  | $ | 22 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration