v3.7.0.1
INTANGIBLE ASSETS (Tables)
 6 Months Ended
Jul. 02, 2017
Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets [Table Text Block]

 

 

Remaining

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

estimated

 

 

 

 

 

 

 

 

 

 

 

 

 

Less

 

Non-

 

 

useful life

 

Original

 

 

 

 

Accumulated

 

Net Book

 

Current

 

Current

(in thousands)

    

(years)

    

Cost

    

Impairment

    

Amortization

    

Value

    

Portion(1)

    

Portion

Balance at July 2, 2017

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Lease interest assets

 

22.6

 

$

1,091

 

$

 —

 

$

(268)

 

$

823

 

$

(36)

 

$

787

Liquor licenses

 

  

 

 

1,760

 

 

 —

 

 

 —

 

 

1,760

 

 

 —

 

 

1,760

Total

 

  

 

$

2,851

 

$

 —

 

$

(268)

 

$

2,583

 

$

(36)

 

$

2,547

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Remaining

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

estimated

 

 

 

 

 

 

 

 

 

 

 

 

 

Less

 

Non-

 

 

useful life

 

Original

 

 

 

 

Accumulated

 

Net Book

 

Current

 

Current

(in thousands)

    

(years)

    

Cost

    

Impairment

    

Amortization

    

Value

    

Portion(1)

    

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.