INTANGIBLE ASSETS, NET

3 Months Ended

Mar. 29, 2020

Intangible Assets, net

Intangible Assets, net

(5)          Intangible Assets, net

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

The increase in intangible assets was due to the Granite City Acquisition described in Note 2.  Intangible assets consisted of the following:

(in thousands)	March 29, 2020		December 29, 2019
Reacquired franchise rights, net		1,683		1,788
Goodwill		690		640
Liquor licenses		837		425
Trademark/Logos/Patents		7,688		-
Database		250		-
Intangible assets, net	$	11,148	$	2,853