Annual report pursuant to Section 13 and 15(d)

Goodwill, Other Assets and Other Intangible Assets

v2.4.0.6
Goodwill, Other Assets and Other Intangible Assets
12 Months Ended
Dec. 30, 2012
Goodwill, Other Assets and Other Intangible Assets

5. GOODWILL, OTHER ASSETS AND OTHER INTANGIBLE ASSETS

The major classes of goodwill, other assets and other intangibles assets along with related accumulated amortization at December 30, 2012 and December 25, 2011 are summarized as follows:

 

    Average Life at
December 30,
2012 (Years)
    2012     2011  
      Gross
Amount
    Accumulated
Amortization
    Net
Amount
    Gross
Amount
    Accumulated
Amortization
    Net
Amount
 

Other assets and intangible assets, net:

             

Liquor license

    Indefinite      $ 35      $ —        $ 35      $ 35      $ —        $ 35   

Loan origination costs

    4.9        216        (4     212        1,796        (206     1,590   

Lease acquisition costs

    13.5        908        (134     774        729        (84     645   

Smallwares

    —          1,334        —          1,334        922        —          922   
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total other assets and intangible assets, net

    $ 2,493      $ (138   $ 2,355      $ 3,482      $ (290   $ 3,192   
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Tradename

    $ 21,900      $ —        $ 21,900      $ 21,900        —        $ 21,900   
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Goodwill

    $ 24,069      $ —        $ 24,069      $ 24,069        —        $ 24,069   
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

Amortization expense was $1,971, $404 and $214 for the years ended December 30, 2012, December 25, 2011 and December 26, 2010, respectively. Amortization expense for the year ended December 30, 3012 excluded a write off of loan origination costs of $1,673.

The Company’s estimated amortization expense for the following fiscal years is as follows:

 

     Loan Origination
Costs
     Lease Acquisition
Costs
     Total  

2013

   $ 43       $ 54       $ 97   

2014

     43         54         97   

2015

     43         54         97   

2016

     43         54         97   

2017

     40         54         94   

Thereafter

     —            504         504   
  

 

 

    

 

 

    

 

 

 
   $ 212       $ 774       $ 986