GOODWILL AND OTHER INTANGIBLE ASSETS, NET

6 Months Ended

Jun. 26, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets, Net

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

Changes in Carrying Value of Goodwill and Other Intangible Assets (in millions)

	Amortizing Intangible Assets		Non-Amortizing Intangible Assets
			Goodwill		Trademarks
December 26, 2021	$	175.6	$	295.1	$	477.2
Amortization	(7.4)		—		—
Additions	1.8		—		—
Adjustment to preliminary purchase price	(0.3)		1.4		—
June 26, 2022	$	169.7	$	296.5	$	477.2

Gross Carrying Value and Accumulated Amortization of Other Intangible Assets (in millions)

	June 26, 2022							December 26, 2021
		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortizing intangible assets
Franchise agreements		$	109.2	(10.3)		$	98.9	$	109.4	$	(5.7)	$	103.7
Customer relationships		73.9		(5.2)		68.7		73.9		(2.4)		71.5
Other		2.1		—		2.1		0.4		—		0.4
		$	185.2	$	(15.5)	$	169.7	183.7		$	(8.1)	$	175.6
Non-amortizing intangible assets
Trademarks						477.2						477.2
Total amortizing and non-amortizing intangible assets, net						$	646.9					$	652.8

The expected future amortization of the Company’s capitalized franchise agreements is as follows (in millions):

Fiscal year:
Remaining 2022	$	7.6
2023	15.0
2024	14.7
2025	14.5
2026	14.5
Thereafter	103.4
Total	$	169.7

A review of the carrying value of goodwill as of June 26, 2022 and June 27, 2021 did not result in any impairment charges for the twenty-six weeks ended as of that date.