XML 35 R25.htm IDEA: XBRL DOCUMENT v3.22.1
Intangible Assets (Policies)
3 Months Ended
Apr. 03, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block] Goodwill. The Company is required to review goodwill for impairment annually, or more frequently when events and circumstances indicate that the carrying amount may be impaired. If the determined fair value of goodwill is less than the related carrying amount, an impairment loss is recognized. The Company performs its annual impairment assessment as of the last day of the eighth month of its fiscal year. As part of this goodwill impairment assessment, the Company considers certain qualitative factors, such as the Company’s performance, business forecasts and expansion plans. Using both the income approach and the market approach, the Company compares the fair value of each of its reporting units to carrying value. The Company assessed events and circumstances from the date of its annual goodwill impairment test through April 3, 2022 and there were no indicators representing a triggering event.
Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block] Franchise Rights. Amounts allocated to franchise rights for each acquisition of Burger King and Popeyes restaurants are amortized using the straight-line method over the average remaining term of the acquired franchise agreements plus one twenty-year renewal period.