Annual report pursuant to Section 13 and 15(d)

Intangible Assets (Tables)

v3.22.1
Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2021
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:

December 31, 2021
December 31, 2020
(in thousands) Amount Accumulated Amortization Net Carrying Value Amount Accumulated Amortization Net Carrying Value
Franchise agreements $ 24,839  $ 3,696  $ 21,143  $ 24,839  $ 147  $ 24,692 
Trade names / trademarks 143,750  3,220  140,530  83,033  115  82,918 
Liquor license 6,678  —  6,678  235  —  235 
License agreement 1,176  925  251  8,882  37  8,845 
VegeFi product 135  14  121  135  1  134 
$ 176,578  $ 7,855  $ 168,723  $ 117,124  $ 300  $ 116,824 
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)
2022 $ 8,490 
2023 8,467 
2024 8,353 
2025 8,353 
2026 8,353 
Thereafter 120,029 
Total $ 162,045