Goodwill and Other Intangible Assets

12 Months Ended

Dec. 25, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill is summarized below:



	December 25, 2016		December 27, 2015
Beginning of year	$	114,101	38,106
Additions	1,723		76,062
Adjustments	1,404		(67	)
End of year	$	117,228	114,101

Goodwill is not subject to amortization but nearly all is deductible for tax purposes.

Amortization expense primarily related to amortization of reacquired franchise rights, and also included amortization of capital lease assets and software licenses. Amortization expense for 2016, 2015, and 2014 was $18,294, $7,443, and $4,681, respectively.

Reacquired franchise rights consisted of the following:



	December 25, 2016			December 27, 2015
Reacquired franchise rights	$	153,870		152,070
Accumulated amortization	(34,897		)	(22,788	)
Reacquired franchise rights, net	$	118,973		129,282

Amortization expense related to reacquired franchise rights for 2016, 2015, and 2014 was $12,109, $7,301, and $4,652, respectively.

The weighted average amortization period is 14.1 years. Estimated future amortization expense related to reacquired franchise rights as of December 25, 2016 was as follows:



Fiscal year ending:
2017	$	13,251
2018	12,009
2019	10,994
2020	10,076
2021	10,216
Thereafter	62,427
Total future amortization expense	$	118,973

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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