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Goodwill and Other Intangible Assets
 3 Months Ended
Mar. 25, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
 
(In thousands)
Balance, December 25, 2019
$
36,832

Reclassification from assets held for sale
52

Balance, March 25, 2020
$
36,884



Other intangible assets consisted of the following:
 
 
March 25, 2020
 
December 25, 2019
 
Gross Carrying Amount
 
Accumulated Amortization
 
Gross Carrying Amount
 
Accumulated Amortization
 
(In thousands)
Intangible assets with indefinite lives:
 
 
 
 
 
 
 
Trade names
$
44,087

 
$
—

 
$
44,087

 
$
—

Liquor licenses
120

 
—

 
120

 
—

Intangible assets with definite lives:
 
 
 
 
 
 
 
Reacquired franchise rights
15,432

 
6,369

 
15,516

 
5,767

Intangible assets, net
$
59,639

 
$
6,369

 
$
59,723

 
$
5,767



Due to the recent impact of the COVID-19 pandemic to the global economy, including but not limited to, the volatility of the Company's stock price as well as that of its competitors, the negative impact on sales at Company and franchised restaurants and the challenging environment for the restaurant industry generally, the Company determined that there were indicators of potential impairment of its goodwill and indefinite-lived intangible assets during the quarter ended March 25, 2020. As such, the Company performed an impairment assessment for both goodwill and indefinite-lived intangible assets and concluded that the fair value of these assets substantially exceeded their carrying values. However, we recorded less than $0.1 million of impairment related to reacquired franchise rights. See Note 9.