(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.

A reconciliation of the Company’s intangible assets as of October 1, 2017 and January 1, 2017, respectively, are presented in the table below:


	October 1,		January 1,
(in thousands)	2017		2017
Lease interest assets, gross carrying amount	$	1,091	$	1,091
Lease interest assets, accumulated amortization		(277)		(249)
Lease interest assets, net carrying amount		814		842
Liquor licenses		1,760		1,760
Intangible assets, net	$	2,574	$	2,602

The following table provides the projected future amortization of lease interest assets for the next five years, as of October 1, 2017:


	October 1,
(in thousands)	2017
Fiscal 2017	$	9
Fiscal 2018		36
Fiscal 2019		36
Fiscal 2020		36
Fiscal 2021		36
Thereafter		661
	$	814