INTANGIBLE ASSETS, GOODWILL AND TRADEMARKS

12 Months Ended

Sep. 29, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

7. INTANGIBLE ASSETS, GOODWILL AND TRADEMARKS

Intangible assets consist of the following:

	September 29, 2018		September 30, 2017
	(In thousands)
Purchased leasehold rights (a)	$	2,395	$	2,395
Noncompete agreements and other		253		253
		2,648		2,648
Less accumulated amortization		2,299		2,239
Total intangible assets	$	349	$	409

(a) Purchased leasehold rights arose from acquiring leases and subleases of various restaurants.

Amortization expense related to intangible assets for the years ended September 29, 2018 and September 30, 2017 was $60,000 and $42,000, respectively. Amortization expense for each of the next five years is expected to be $38,000.

Goodwill is the excess of cost over fair market value of tangible and intangible net assets acquired. Goodwill is not presently amortized but tested for impairment annually or when the facts or circumstances indicate a possible impairment of goodwill as a result of a continual decline in performance or as a result of fundamental changes in a market. Trademarks, which have indefinite lives, are not currently amortized and are tested for impairment annually or when facts or circumstances indicate a possible impairment as a result of a continual decline in performance or as a result of fundamental changes in a market.

The changes in the carrying amount of goodwill and trademarks for the years ended September 29, 2018 and September 30, 2017 are as follows:

	Goodwill		Trademarks
	(In thousands)
Balance as of October 1, 2016	$	7,895	$	1,611
Acquired during the year		1,985		1,720
Impairment losses		-		-
Balance as of September 30, 2017		9,880		3,331
Acquired during the year		-		-
Impairment losses		-		-
Balance as of September 29, 2018	$	9,880	$	3,331