Intangible Assets and Goodwill (Tables)

6 Months Ended

Jun. 30, 2016

Intangible Assets and Goodwill

Schedule of components of intangible assets

The following table provides the components of the Company’s intangible assets, other than goodwill (in thousands, except weighted average amortization period in years):

	Weighted
	Average	As of June 30, 2016						As of December 31, 2015
	Amortization	Initial		Accumulated		Net		Initial		Accumulated		Net
	Period	Cost		Amortization		Balance		Cost		Amortization		Balance
Franchise agreements	12.7	$	168,067	$	(107,474)	$	60,593	$	162,438	$	(100,499)	$	61,939
Other intangible assets:
Software (a)	3.1	$	11,759	$	(6,843)	$	4,916	$	10,885	$	(7,325)	$	3,560
Trademarks	14.4		3,014		(1,688)		1,326		2,985		(1,604)		1,381
Total other intangible assets	6.4	$	14,773	$	(8,531)	$	6,242	$	13,870	$	(8,929)	$	4,941

(a) As of June 30, 2016 and December 31, 2015, capitalized software development costs of $4,057,000and $3,165,000, respectively, were recorded in “Other intangible assets” in the accompanying Condensed Consolidated Balance Sheets. As of these dates, the associated information technology infrastructure projects were not complete and ready for their intended use and thus were not subject to amortization.

Schedule of estimated future amortization of intangible assets, other than goodwill

The estimated future amortization of intangible assets, other than goodwill is as follows (in thousands):

As of June 30:
Remainder of 2016	$	7,641
2017		12,054
2018		8,438
2019		7,997
2020		6,865
Thereafter		23,840
	$	66,835

Schedule of changes to goodwill

Balance, January 1, 2016	$	71,871
Goodwill recognized in acquisition		3,890
Effect of changes in foreign currency exchange rates		216
Balance, June 30, 2016	$	75,977