Goodwill and other Intangible Assets

Goodwill was $324.1 million at June 18, 2019 compared to $321.5 million at January 1, 2019. The change is due to the sale of 13 company-operated restaurants and the purchase of three franchise-operated restaurants as described in more detail in Note 4.

There have been no changes in the carrying amount of trademarks since January 1, 2019.

The Company’s other intangible assets at June 18, 2019 and January 1, 2019 consisted of the following (in thousands):



	June 18, 2019							January 1, 2019
	Gross Carrying Amount		Accumulated Amortization			Net		Gross Carrying Amount		Accumulated Amortization			Net
Favorable lease assets	$	—	$	—		$	—	$	13,118	$	(5,542	)	$	7,576
Favorable sublease assets	1,090		(39		)	1,051		—		—			—
Franchise rights	14,562		(4,891		)	9,671		15,032		(4,411		)	10,621
Reacquired franchise rights	800		(152		)	648		417		(107		)	310
Total amortized other intangible assets	$	16,452	$	(5,082	)	$	11,370	$	28,567	$	(10,060	)	$	18,507

During the twenty-four weeks ended June 18, 2019, the Company recorded $1.0 million of favorable sublease assets in connection with the sale of company-operated restaurants (see Note 4 for more information). Favorable sublease assets represents favorable subleases with franchisees recorded in connection with the sale of company-operated restaurants to franchisees.

In connection with the adoption of Topic 842, the Company reclassified $7.6 million of favorable lease assets, net to operating lease right-of-use assets (see Note 2 for more information) as of January 2, 2019. During the twenty-four weeks ended June 18, 2019, the Company reclassified $0.4 million of franchise rights as reacquired franchise rights related to the Company's acquisition of three franchise-operated restaurants and wrote off $11,000 of franchise rights associated with the closure of one franchise-operated restaurant.