Goodwill and Intangible Assets (Tables)

9 Months Ended

Oct. 02, 2016

Finite-Lived Intangible Assets [Line Items]

Schedule of Indefinite-Lived Intangible Assets

The following table presents our indefinite and definite-lived intangible assets at October 2, 2016:

	Weighted Average Life (Years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
		(in thousands)
Chuck E. Cheese's tradename	Indefinite	$	400,000				$	400,000
Peter Piper Pizza tradename	Indefinite	26,700					26,700
Favorable lease agreements (1)	10	14,880		(5,187		)	9,693
Franchise agreements	25	53,300		(4,636		)	48,664
		$	494,880	$	(9,823	)	$	485,057

__________________

(1) In connection with the Merger and the acquisition of Peter Piper Pizza (“PPP”), we also recorded unfavorable lease liabilities of $10.2 million and $3.9 million, respectively, which are included in “Other current liabilities” and “Other noncurrent liabilities” in our Consolidated Balance Sheets. Such amounts are being amortized over a weighted average life of 10 years, and are 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 October 2, 2016:

	Weighted Average Life (Years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
		(in thousands)
Chuck E. Cheese's tradename	Indefinite	$	400,000				$	400,000
Peter Piper Pizza tradename	Indefinite	26,700					26,700
Favorable lease agreements (1)	10	14,880		(5,187		)	9,693
Franchise agreements	25	53,300		(4,636		)	48,664
		$	494,880	$	(9,823	)	$	485,057

__________________

(1) In connection with the Merger and the acquisition of Peter Piper Pizza (“PPP”), we also recorded unfavorable lease liabilities of $10.2 million and $3.9 million, respectively, which are included in “Other current liabilities” and “Other noncurrent liabilities” in our Consolidated Balance Sheets. Such amounts are being amortized over a weighted average life of 10 years, and are included in “Rent expense” in our Consolidated Statements of Earnings.