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Goodwill and Intangible Assets, Net (Tables)
12 Months Ended
Dec. 29, 2019
Dec. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]    
Schedule of Goodwill Activity
There were no changes to the carrying value of goodwill for the periods ended December 29, 2019 and December 30, 2018
 
Schedule of Indefinite-Lived Intangible Assets
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


 
Schedule of Finite-Lived Intangible Assets
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


 
Schedule of Estimated Future Amortization Expense  
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