(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 $36,000 per year, for the remaining useful life.

A reconciliation of beginning and ending amounts of intangible assets at April 2, 2017 and January 1, 2017, respectively, are presented in the table below:


(in thousands)		Remaining estimated useful life (years)		Original Cost	Impairment		Accumulated Amortization		Net Book Value		Less Current Portion⁽¹⁾		Non- Current Portion
Balance at April 2, 2017
	Lease interest assets	22.8	$	1,091	---	$	(259)	$	832	$	(36)	$	796
	Liquor licenses			1,760	---		---		1,760		---		1,760

	Total		$	2,851	---	$	(259)	$	2,592	$	(36)	$	2,556


(in thousands)		Remaining estimated useful life (years)		Original Cost	Impairment		Accumulated Amortization		Net Book Value		Less Current Portion⁽¹⁾		Non- Current Portion
Balance at January 1, 2017
	Lease interest assets	23.1	$	1,417	(326)⁽²⁾	$	(249)	$	842	$	(37)	$	805
	Liquor licenses			1,810	(50)⁽³⁾		---		1,760		---		1,760

	Total		$	3,227	(376)	$	(249)	$	2,602	$	(37)	$	2,565


	⁽¹⁾The current portion is included in prepaid expenses and other current assets on the consolidated balance sheets.
	⁽²⁾Recorded in connection with the restaurant optimization.
	⁽³⁾Based upon a quantitative analysis of this intangible asset, the Company determined that the fair value of one liquor license was less than its carrying value.