5. Franchise Rights and Goodwill

	Apr. 3,		Jan. 3,		Mar. 29,
In Thousands	2016		2016		2015
Franchise rights	$	527,540	$	527,540	$	520,672
Goodwill		135,311		117,954		109,984
Total franchise rights and goodwill	$	662,851	$	645,494	$	630,656

A reconciliation of the activity for franchise rights and goodwill for Q1 2015 and Q1 2016 follows:

In Thousands	Franchise rights		Goodwill			Total
Balance on December 28, 2014	$	520,672	$	106,220		$	626,892
Q1 2015 Expansion Territories		0		3,804			3,804
Measurement period adjustment		0		(40	)		(40	)
Balance on March 29, 2015	$	520,672	$	109,984		$	630,656

Balance on January 3, 2016	$	527,540	$	117,954		$	645,494
Q1 2016 Expansion Transactions		0		16,935			16,935
Measurement period adjustment		0		422			422
Balance on April 3, 2016	$	527,540	$	135,311		$	662,851

The Company’s goodwill and franchise rights reside entirely within the Nonalcoholic Beverage segment. The Company performs its annual impairment test of franchise rights and goodwill as of the first day of the fourth quarter. During Q1 2016, the Company did not experience any triggering events or changes in circumstances that indicated the carrying amounts of the Company’s franchise rights or goodwill exceeded fair values.