v3.21.2

INTANGIBLE ASSETS, NET

9 Months Ended

Oct. 03, 2021

Intangible Assets, net

Intangible Assets, net

(5)          Intangible Assets, net

The Company has intangible assets that consist of liquor licenses, database, trademarks, logos and patents, pre-acquisition costs, and franchise rights, net. The liquor licenses and trademarks/logos are indefinite-lived assets and are not subject to amortization. Franchise rights are amortized to depreciation and amortization expense on a straight-line basis over the remaining life of the franchise agreement. The database is amortized over three years.

Intangible assets consisted of the following:

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​	​	​	​	​	​	​	​	​
(in thousands)	​	​	​	October 3, 2021			January 3, 2021
Franchise rights, net	​	​	​	​	11,467	​	​	1,246
Liquor licenses	​	​	​	​	868	​	​	868
Trademark/Logos/Patents	​	​	​	​	10,333	​	​	7,688
Database	​	​	​	​	108	​	​	165
Pre-acquisition costs	​	​	​	​	455	​	​	-
Intangible assets, net	​	​	​	$	23,231	​	$	9,967

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- References

No definition available.

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X

- Definition

The entire disclosure for all or part of the information related to intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-URI http://asc.fasb.org/topic&trid=2144416

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