Goodwill and Intangible Assets

12 Months Ended

Dec. 28, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

The following table reflects the changes in carrying amounts of goodwill and goodwill by segment:

	December 28, 2022		December 29, 2021
	(In thousands)
Balance, beginning of year	$	36,884	$	36,884
Additions related to acquisition of Keke’s	35,213		—
Adjustments related to the acquisition of a Denny’s franchise unit	643		—
Balance, end of year	$	72,740	$	36,884
Goodwill by segment
Denny’s	$	37,527	$	36,884
Other	35,213		—
Total goodwill	$	72,740	$	36,884

Intangible assets consist of the following:

	December 28, 2022				December 29, 2021
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
	(In thousands)
Intangible assets with indefinite lives:
Trade names	$	79,687	$	—	$	44,087	$	—
Liquor licenses	120		—		120		—
Intangible assets with definite lives:
Reacquired franchise rights	10,489		5,697		12,218		6,199
Franchise agreements	10,700		265		—		—
Intangible assets, net	$	100,996	$	5,962	$	56,425	$	6,199

The weighted-average life of reacquired franchise rights is approximately seven years. The weighted-average life of franchise agreements is approximately 14 years. The amortization expense for definite-lived intangibles and other assets for 2022, 2021 and 2020 was $2.0 million, $2.1 million and $3.0 million, respectively. Estimated amortization expense for intangible assets with definite lives in the next five years is as follows: 

	(In thousands)
2023	$	1,550
2024	1,480
2025	1,424
2026	1,256
2027	1,207

We performed an annual impairment test as of December 28, 2022 and determined that none of the recorded goodwill or other intangible assets with indefinite lives were impaired.