Annual report pursuant to Section 13 and 15(d)

Other Assets and Other Intangible Assets

v3.3.1.900
Other Assets and Other Intangible Assets
 12 Months Ended
Dec. 27, 2015
Other Assets and Other Intangible Assets [Abstract]  
Other Assets and Other Intangible Assets
The major classes of other assets and intangibles assets along with related accumulated amortization at December 27, 2015 and December 28, 2014 are summarized as follows:
 
Average Life at December 27, 2015
2015
 
2014
 
Gross Amount
 
Accumulated Amortization
 
Net Amount
 
Gross Amount
 
Accumulated Amortization
 
Net Amount
Finite-lived assets:
 
 
 
 
 
 
 
 
 
 
 
 
Loan origination costs
4.9
$
294

 
$
(136
)
 
$
158

 
$
224

 
$
(93
)
 
$
131

Lease acquisition costs
12.4
1,881

 
(351
)
 
1,530

 
1,581

 
(265
)
 
1,316

Total finite-lived assets
 
2,175

 
(487
)
 
1,688

 
1,805

 
(358
)
 
1,447

Indefinite-lived assets:
 
 
 
 
 
 
 
 
 
 
 
 
Liquor license
 
75

 
—

 
75

 
75

 
—

 
75

Total indefinite-lived assets
 
75

 
—

 
75

 
75

 
—

 
75

Total other assets and intangible assets
 
$
2,250

 
$
(487
)
 
$
1,763

 
$
1,880

 
$
(358
)
 
$
1,522


Amortization expense was $0.1 million for the years ended December 27, 2015, December 28, 2014 and December 29, 2013.
The following table represents the total estimated amortization of finite-lived intangible assets for the five succeeding fiscal years and thereafter:
For the Fiscal Years Ended:
 
2016
$
129

2017
129

2018
127

2019
124

2020
116

Thereafter
1,063

 
$
1,688