Trademarks And Other Intangible Assets

12 Months Ended

Jan. 03, 2012

Trademarks And Other Intangible Assets [Abstract]

5. TRADEMARKS AND OTHER INTANGIBLE ASSETS

The carrying amount and accumulated amortization of trademarks and other intangible assets as of January 3, 2012 and December 28, 2010, were as follows (in thousands):


	Gross Amount		Accumulated Amortization			Net Amount
Amortized Intangible Assets
As of January 3, 2012
Trademarks	$	410	$	—		$	410
Favorable leases		2,051		(1,901	)		150
Franchise agreements		828		(315	)		513
Reacquired franchise rights		325		(268	)		57

Total	$	3,614	$	(2,484	)	$	1,130

As of December 28, 2010
Trademarks	$	267	$	—		$	267
Favorable leases		2,273		(1,913	)		360
Franchise agreements		891		(294	)		597
Reacquired franchise rights		375		(258	)		117

Total	$	3,806	$	(2,465	)	$	1,341

Intangible assets are amortized over their expected useful lives. Amortization expense for intangible assets for fiscal 2011, fiscal 2010 and fiscal 2009 was $0.3 million, $1.1 million and $1.9 million, respectively. Expected annual amortization expense for intangible assets recorded as of January 3, 2011 is as follows (in thousands):


Fiscal Year	Amortization Expense
2012		201
2013		105
2014		74
2015		69
2016		66
Thereafter		205

Trademarks are not subject to amortization and are tested for impairment annually (at year-end), or more frequently if events or changes in circumstances indicate that the asset might be impaired. The impairment test consisted of the comparison of the fair value of the trademarks to its carrying amount. The fair value of trademarks was estimated using the income approach which is based on assumptions about future cash flows resulting from franchise and license agreements. As of January 3, 2012 and December 28, 2010, the Company had trademarks of approximately $0.4 million and $0.3 million, respectively.

- 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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