(5) Intangible Assets, net

The Company has intangible assets that consist of liquor licenses and lease interest assets. The liquor licenses are indefinite lived assets and are not subject to amortization. The lease interest assets are amortized to occupancy costs on a straight-line basis over the remaining term of each respective lease. Amortization of the lease interest assets is expected to be approximately $47,500 per year, for the remaining useful life.

A reconciliation of beginning and ending amounts of intangible assets at October 2, 2016 and January 3, 2016, respectively, are presented in the table below:


(in thousands)		Remaining estimated useful life (years)		Original Cost		Accumulated Amortization		Net Book Value		Less Current Portion⁽¹⁾		Non- Current Portion
Balance at October 2, 2016
	Lease interest assets	23.3	$	1,417	$	(313)	$	1,104	$	(48)	$	1,056
	Liquor licenses			1,810		---		1,810		---		1,810

	Total		$	3,227	$	(313)	$	2,914	$	(48)	$	2,866


(in thousands)		Remaining estimated useful life (years)		Original Cost		Accumulated Amortization		Net Book Value		Less Current Portion⁽¹⁾		Non- Current Portion
Balance at January 3, 2016
	Lease interest assets	24.1	$	1,417	$	(277)	$	1,140	$	(48)	$	1,092
	Liquor licenses			1,810		---		1,810		---		1,810

	Total		$	3,227	$	(277)	$	2,950	$	(48)	$	2,902


	⁽¹⁾The current portion is included in prepaid expenses and other current assets on the consolidated balance sheets.