Goodwill and Intangible Assets, Net:

There were no changes to the carrying value of goodwill for the periods ended December 29, 2019 and December 30, 2018.

The following table presents our indefinite and definite-lived intangible assets at December 29, 2019 and December 30, 2018:



		December 29, 2019							December 30, 2018
	Weighted Average Life (Years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
		(in thousands)
Chuck E. Cheese tradename	Indefinite	$	400,000	$	—		$	400,000	$	400,000	$	—		$	400,000
Peter Piper Pizza tradename	Indefinite	26,700		—			26,700		26,700		—			26,700
Favorable lease agreements	10	—		—			—		14,880		(8,550		)	6,330
Franchise agreements	25	53,300		(11,294		)	42,006		53,300		(9,245		)	44,055
		$	480,000	$	(11,294	)	$	468,706	$	494,880	$	(17,795	)	$	477,085

In connection with the adoption of ASU 2016-02 effective December 31, 2018, we reclassified $6.3 million related to the net carrying amount of our favorable lease definite-lived intangible asset from “Intangible assets, net” to “Operating lease right-of-use assets, net” on our Consolidated Balance Sheets. See Note 1. “Description of Business and Summary of Significant Accounting Policies” and Note 7. “Leases” for further discussion of the adoption of ASU 2016-02.

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



	Franchise Agreements
Fiscal 2020	$	2,088
Fiscal 2021	2,049
Fiscal 2022	2,049
Fiscal 2023	2,049
Fiscal 2024	2,049
Thereafter	31,722
	$42,006

Amortization expense related to favorable lease agreements was $1.2 million for Fiscal 2018 and $1.6 million for Fiscal 2017, respectively, and is included in “Lease costs” in our Consolidated Statements of Earnings. As described above, in connection with the adoption of ASU 2016-02 at the beginning of Fiscal 2019, our favorable lease definite-lived intangible asset was reclassified from “Intangible Assets, Net” to “Operating lease right-of-use assets, net” and therefore we no longer have any amortization expense related to favorable lease agreements. Amortization expense related to franchise agreements was $2.0 million for Fiscal 2019, Fiscal 2018 and Fiscal 2017, respectively, and is included in “Depreciation and amortization” in our Consolidated Statements of Earnings.