XML 86 R27.htm IDEA: XBRL DOCUMENT v2.4.0.8
Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in goodwill for the fiscal year
Changes in goodwill are summarized below (in thousands):
 
Balance at December 27, 2011
$
191,701

  Purchase accounting adjustment
(191,701
)
  Allocation of purchase price, net of taxes
196,617

  Purchase accounting adjustment for impact of deferred income taxes
92,829

  Acquisition of business assets-Pizza Hut units
1,056

Balance December 25, 2012
290,502

  Acquisition of business assets-Wendy’s units
2,121

Balance December 31, 2013
$
292,623
Weighted average amortization period for all intangible assets
The weighted average amortization period for all intangible assets is as follows:
 
Years
Franchise rights
40
Favorable leasehold interests
15
Unfavorable leasehold interests
9
Intangible assets subject to amortization
Intangible assets subject to amortization are summarized below (in thousands):
 
 
December 31, 2013
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Book
Value
Amortizable intangible assets:
 
 
 
 
 
Franchise rights
$
671,780

 
$
(31,629
)
 
$
640,151

Favorable leasehold interests, net
13,937

 
(2,616
)
 
11,321

Unfavorable leasehold interests, net
(18,107
)
 
5,026

 
(13,081
)
 
$
667,610

 
$
(29,219
)
 
$
638,391

 
December 25, 2012
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Book
Value
Amortizable intangible assets:
 
 
 
 
 
Franchise rights
$
638,169

 
$
(15,535
)
 
$
622,634

Favorable leasehold interests, net
13,095

 
(1,215
)
 
11,880

Unfavorable leasehold interests, net
(17,735
)
 
2,684

 
(15,051
)
 
$
633,529

 
$
(14,066
)
 
$
619,463