Annual report pursuant to Section 13 and 15(d)

Intangible Assets (Tables)

v3.23.1
Intangible Assets (Tables)
 12 Months Ended
Jan. 02, 2023
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:

January 2, 2023
December 31, 2021
(in thousands) Amount Accumulated Amortization Net Carrying Value Amount Accumulated Amortization Net Carrying Value
Franchise agreements $ 24,839  $ 7,245  $ 17,594  $ 24,839  $ 3,696  $ 21,143 
Trade names / trademarks 143,726  8,010  135,716  143,750  3,220  140,530 
Liquor license 6,678  —  6,678  6,678  —  6,678 
License agreement 1,176  1,063  113  1,176  925  251 
VegeFi product 135  28  107  135  14  121 
$ 176,554  $ 16,346  $ 160,208  $ 176,578  $ 7,855  $ 168,723 
Summary of Components of Related Amortization Expense The estimated aggregate amortization expense for intangible assets over the next five years ending January 2 and thereafter is as follows:
(in thousands)
2023 $ 8,467 
2024 8,353 
2025 8,353 
2026 8,353 
2027 8,204 
Thereafter 111,800 
Total $ 153,530