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Goodwill and Intangible Assets, Net
 12 Months Ended
Dec. 29, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, Net Goodwill and Intangible Assets, Net

Goodwill - The following table is a rollforward of goodwill:
(dollars in thousands)
U.S.
 
INTERNATIONAL
 
CONSOLIDATED
Balance as of December 31, 2017
$
170,767

 
$
139,467

 
$
310,234

Translation adjustments
—

 
(14,697
)
 
(14,697
)
Transfer to Assets held for sale
(110
)
 
—

 
(110
)
Balance as of December 30, 2018
$
170,657

 
$
124,770

 
$
295,427

Translation adjustments
—

 
(6,988
)
 
(6,988
)
Balance as of December 29, 2019
$
170,657

 
$
117,782

 
$
288,439


The following table is a summary of the Company’s gross goodwill balances and accumulated impairments as of the periods indicated:
 
DECEMBER 29, 2019
 
DECEMBER 30, 2018
 
DECEMBER 31, 2017
(dollars in thousands)
GROSS CARRYING AMOUNT
 
ACCUMULATED IMPAIRMENTS
 
GROSS CARRYING AMOUNT
 
ACCUMULATED IMPAIRMENTS
 
GROSS CARRYING AMOUNT
 
ACCUMULATED IMPAIRMENTS
U.S.
$
838,827

 
$
(668,170
)
 
$
838,827

 
$
(668,170
)
 
$
838,937

 
$
(668,170
)
International
235,692

 
(117,910
)
 
242,680

 
(117,910
)
 
257,377

 
(117,910
)
Total goodwill
$
1,074,519

 
$
(786,080
)
 
$
1,081,507

 
$
(786,080
)
 
$
1,096,314

 
$
(786,080
)


The Company performs its annual assessment for impairment of goodwill and other indefinite-lived intangible assets each year during the second quarter. The Company’s 2019 and 2017 assessments utilized a qualitative assessment and its 2018 assessment utilized a quantitative approach. As a result of these assessments, the Company did not record any goodwill asset impairment charges during the periods presented.

Intangible Assets, net - Intangible assets, net, consisted of the following as of the periods indicated:
 
WEIGHTED AVERAGE AMORTIZATION PERIOD
(IN YEARS)
 
DECEMBER 29, 2019
 
DECEMBER 30, 2018
(dollars in thousands)
 
GROSS CARRYING VALUE
 
ACCUMULATED AMORTIZATION
 
NET CARRYING VALUE
 
GROSS CARRYING VALUE
 
ACCUMULATED AMORTIZATION
 
NET CARRYING VALUE
Trade names
Indefinite
 
$
414,616

 
 
 
$
414,616

 
$
414,516

 
 
 
$
414,516

Trademarks
9
 
81,381

 
$
(47,882
)
 
33,499

 
81,381

 
$
(44,057
)
 
37,324

Favorable leases
0
 
—

 
—

 
—

 
64,307

 
(41,447
)
 
22,860

Franchise agreements
1
 
14,881

 
(14,356
)
 
525

 
14,881

 
(13,212
)
 
1,669

Reacquired franchise rights
11
 
42,390

 
(20,415
)
 
21,975

 
46,446

 
(18,843
)
 
27,603

Total intangible assets
9
 
$
553,268

 
$
(82,653
)
 
$
470,615

 
$
621,531

 
$
(117,559
)
 
$
503,972



The Company did not record any indefinite-lived intangible asset impairment charges during the periods presented.

Definite-lived intangible assets are amortized on a straight-line basis. The following table presents the aggregate expense related to the amortization of the Company’s trademarks, favorable leases, franchise agreements and reacquired franchise rights for the periods indicated:
 
FISCAL YEAR
(dollars in thousands)
2019
 
2018
 
2017
Amortization expense (1)
$
8,621

 
$
13,377

 
$
14,191

________________
(1)
Amortization expense is recorded in Depreciation and amortization for fiscal year 2019 and Depreciation and amortization and Other restaurant operating expense for fiscal years 2018 and 2017 in the Company’s Consolidated Statements of Operations and Comprehensive Income.

The following table presents expected annual amortization of intangible assets as of December 29, 2019:
(dollars in thousands)
 
2020
$
7,213

2021
6,374

2022
6,304

2023
6,217

2024
6,046