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Franchise Rights (Tables)
9 Months Ended
Oct. 01, 2017
Goodwill And Intangible Assets Disclosure [Abstract]  
Reconciliation of Activity for Franchise Rights

A reconciliation of the activity for franchise rights for the first three quarters of 2017 and the first three quarters of 2016 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 October 1, 2017

 

$

-

 

 

 

 

 

 

Balance on January 3, 2016

 

$

527,540

 

Lexington Asset Exchange Transaction

 

 

5,500

 

Balance on October 2, 2016

 

$

533,040