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

Intangible Assets (Tables)

v3.21.1
Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Components of Intangible Assets
The following is a summary of the components of intangible assets and the related amortization expense:
 
    
Successor December 31, 2020
          
Predecessor December 31, 2019
 
Intangible Assets at
December 31, 2020 (in
thousands)
  
Amount
    
Accumulated
Amortization
    
Net
Carrying
Value
          
Amount
    
Accumulated
Amortization
    
Net
Carrying
Value
 
Franchise agreements
   $ 24,839      $ 147      $ 24,692        
 
   $ —        $ —        $ —    
Trade names / trademarks
     83,033        115        82,918        
 
     25        —          25  
Liquor license
     235        —          235        
 
     210        —          210  
Reef Kitchens license agreement
     8,882        37        8,845        
 
     —          —          —    
VegeFi product
     135        1        134        
 
     —          —          —    
    
 
 
    
 
 
    
 
 
            
 
 
    
 
 
    
 
 
 
     $ 117,124      $ 300      $ 116,824              $ 235      $ —        $ 235  
    
 
 
    
 
 
    
 
 
            
 
 
    
 
 
    
 
 
 
Summary of Components of Related Amortization Expense The estimated aggregate amortization expense for intangible assets over the next five years ending December 31 and thereafter is as follows:
(in thousands):
  
Successor
 
2021
   $ 7,218  
2022
     7,218  
2023
     7,218  
2024
     7,218  
2025
     7,218  
Thereafter
     80,499  
    
 
 
 
Total
     116,589