Intangible Assets and Goodwill (Tables)

9 Months Ended

Sep. 30, 2017

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 September 30, 2017						As of December 31, 2016
	Amortization	Initial		Accumulated		Net		Initial		Accumulated		Net
	Period	Cost		Amortization		Balance		Cost		Amortization		Balance
Franchise agreements	12.1	$	197,977	$	(98,343)	$	99,634	$	224,167	$	(115,027)	$	109,140
Other intangible assets:
Software (a)	4.5	$	13,902	$	(8,177)	$	5,725	$	13,207	$	(7,154)	$	6,053
Trademarks	14.1		3,153		(1,921)		1,232		3,102		(1,782)		1,320
Non-compete	10.0		2,500		(250)		2,250		2,500		(62)		2,438
Total other intangible assets	7.6	$	19,555	$	(10,348)	$	9,207	$	18,809	$	(8,998)	$	9,811

(a)

As of September 30, 2017 and December 31, 2016, capitalized software development costs of $782,000 and $356,000, respectively, were information technology infrastructure projects not yet 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

As of September 30, 2017, the estimated future amortization expense for the next five years related to intangible assets is as follows (in thousands):


As of September 30, 2017:
Remainder of 2017	$	4,031
2018		15,685
2019		15,522
2020		15,293
2021		14,786
	$	65,317

Schedule of changes to goodwill

The following table presents changes to goodwill for the period from January 1, 2017 to September 30, 2017 (in thousands):


Balance, January 1, 2017	$	126,633
Change in purchase price allocations for 2016 acquisitions		(3,865)
Effect of changes in foreign currency exchange rates		245
Balance, September 30, 2017	$	123,013