Chuy's Holdings, Inc. General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

Goodwill, Other Assets and Other Intangibles Assets

Goodwill, Other Assets and Other Intangibles Assets

9 Months Ended

Sep. 23, 2012

Goodwill, Other Assets and Other Intangibles 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 26, 2010 and December 25, 2011 are summarized as follows:


	AVERAGE LIFE AT DECEMBER 25, 2011 (YEARS)		2010							2011
	AVERAGE LIFE AT DECEMBER 25, 2011 (YEARS)		GROSS AMOUNT		ACCUMULATED AMORTIZATION			NET AMOUNT		GROSS AMOUNT		ACCUMULATED AMORTIZATION			NET AMOUNT
Other assets and intangibles assets, net:
Liquor License		Indefinite	$	35	$	—		$	35	$	35	$	—		$	35
Loan origination cost		4.3		898		(741	)		157		1,796		(206	)		1,590
Lease acquisition cost		12.0		576		(43	)		533		729		(84	)		645
Other assets		—		577		—			577		922		—			922

Total other assets and intangible assets, net:			$	2,086	$	(784	)	$	1,302	$	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 $202, $214 and $404 for the years ended December 27, 2009, December 26, 2010 and December 25, 2011, respectively.

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


	LOAN ORIGINATION COSTS		LEASE ACQUISITION COSTS		TOTAL
2012	$	357	$	46	$	403
2013		359		46		405
2014		361		46		407
2015		364		46		410
2016		149		46		195
Thereafter		—		415		415

	$	1,590	$	645	$	2,235

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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