v3.10.0.1
INTANGIBLE ASSETS
9 Months Ended
Sep. 30, 2018
Intangible Assets Disclosure [Abstract]  
Intangible Assets Disclosure [Text Block]

(2)          Intangible Assets, net

The Company has intangible assets that consist of liquor licenses, lease interest assets and goodwill. The liquor licenses and goodwill 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 September 30, 2018 and December 31, 2017, respectively, are presented in the table below:

 

 

 

 

 

 

 

(in thousands)

 

September 30, 2018

    

December 31, 2017

Lease interest assets, gross carrying amount

 

$

1,091

 

$

1,091

Lease interest assets, accumulated amortization

 

 

(313)

 

 

(286)

Lease interest assets, net carrying amount

 

 

778

 

 

805

Goodwill

 

 

 6

 

 

 —

Liquor licenses

 

 

635

 

 

1,035

Intangible assets, net

 

$

1,419

 

$

1,840

The following table provides the projected future amortization of lease interest assets for the next five years, as of September 30, 2018:

 

 

 

 

(in thousands)

 

September 30, 2018

Fiscal 2018

 

$

 9

Fiscal 2019

 

 

36

Fiscal 2020

 

 

36

Fiscal 2021

 

 

36

Fiscal 2022

 

 

36

Thereafter

 

 

625

 

 

$

778