Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 28, 2014

Finite-Lived Intangible Assets [Line Items]

Schedule of Goodwill Activity

The following table presents changes in the carrying value of goodwill for the periods ended December 29, 2013 and September 28, 2014 (in thousands):

Predecessor:
Balance at December 29, 2013(1)	$	3,458
Successor:
Goodwill assigned in acquisition accounting(1)	$	430,293
Additions(2)	404
Balance at September 28, 2014	$	430,697

_________________________

(1) The historical goodwill was eliminated in acquisition accounting. See Note 2 "Acquisition of CEC Entertainment, Inc." for a discussion of goodwill recorded in connection with the Merger.

(2) The Company acquired a franchisee in the second quarter of 2014.

Schedule of Indefinite-Lived Intangible Assets

The following table presents our indefinite and definite-lived intangible assets at September 28, 2014:

	Successor
	Weighted Average Life (Years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
		(in thousands)
Tradename	Indefinite	$	400,000	$	—		$	400,000
Favorable lease agreements(1)	10	14,000		(1,142		)	12,858
Franchise agreements	15	14,000		(554		)	13,446
		$	428,000	$	(1,696	)	$	426,304

__________________

(1) In connection with the Merger, we also recorded an unfavorable lease liability of $10.2 million, which is being amortized over a weighted average life of 10 years and is included in "Rent expense" in our Consolidated Statements of Earnings.

Schedule of Finite-Lived Intangible Assets

The following table presents our indefinite and definite-lived intangible assets at September 28, 2014:

	Successor
	Weighted Average Life (Years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
		(in thousands)
Tradename	Indefinite	$	400,000	$	—		$	400,000
Favorable lease agreements(1)	10	14,000		(1,142		)	12,858
Franchise agreements	15	14,000		(554		)	13,446
		$	428,000	$	(1,696	)	$	426,304

__________________

(1) In connection with the Merger, we also recorded an unfavorable lease liability of $10.2 million, which is being amortized over a weighted average life of 10 years and is included in "Rent expense" in our Consolidated Statements of Earnings.

Favorable Lease Agreements [Member]

Finite-Lived Intangible Assets [Line Items]

Schedule of Estimated Future Amortization Expense

Our estimated future amortization expense related to favorable lease agreements is set forth as follows (in thousands):

September 29, 2014 through December 28, 2014	$	491
Fiscal 2015	1,930
Fiscal 2016	1,809
Fiscal 2017	1,530
Fiscal 2018	1,187
Fiscal 2019	1,043
Thereafter	4,868
	$	12,858

Franchise Agreements [Member]

Finite-Lived Intangible Assets [Line Items]

Schedule of Estimated Future Amortization Expense

Our estimated future amortization expense related to franchise agreements is set forth as follows (in thousands):

September 29, 2014 through December 28, 2014	$	233
Fiscal 2015	948
Fiscal 2016	930
Fiscal 2017	930
Fiscal 2018	930
Fiscal 2019	930
Thereafter	8,545
	$	13,446