Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

Goodwill consists of the following:

	Restaurant Group			Corporate and Other		Total
	(In millions)
Balance, December 31, 2019	$	66.1		$	—	$	66.1
Impairments	(7.7		)	—		(7.7		)
Deconsolidation of Blue Ribbon	(4.9		)	—		(4.9		)
Balance, March 31, 2020	$	53.5		$	—	$	53.5

For the three months ended March 31, 2020, we recorded $7.7 million of impairment to goodwill in our Restaurant Group segment. The impairment recorded was calculated as the deficit between the carrying value of our O'Charley's reporting unit of our Restaurant Group compared to the fair value of the reporting unit determined by performing a combination of discounted cash flow and market approaches.

For the three months ended March 31, 2020, we recorded $4.5 million of impairment to tradenames in our Restaurant Group segment.

Both impairment charges are a result of a decrease in forecasted revenue and cash flows and increased uncertainty in future revenue and cash flow projections resulting from government imposed social restrictions and other mitigation measures in response to the COVID-19 pandemic beginning primarily in mid-March 2020.

See Note A for further discussion of our deconsolidation of Blue Ribbon as a result of the Blue Ribbon Reorganization.