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Franchise Rights (Tables)
3 Months Ended
Apr. 02, 2017
Goodwill And Intangible Assets Disclosure [Abstract]  
Reconciliation of Activity for Franchise Rights

There was no material activity for franchise rights for the first quarter of 2016. A reconciliation of the activity for franchise rights for the first quarter of 2017 is as follows:

 

(in thousands)

 

Franchise rights

 

Balance on January 1, 2017

 

$

533,040

 

Conversion from franchise rights to distribution rights

 

 

(533,040

)

Balance on April 2, 2017

 

$

-