Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.22.1
Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2022
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:
March 31, 2022 December 31, 2021
(in thousands) Amount Accumulated Amortization Net Carrying Value Amount Accumulated Amortization Net Carrying Value
Franchise agreements $ 24,839  $ 4,583  $ 20,256  $ 24,839  $ 3,696  $ 21,143 
Trade names / trademarks 143,750  4,418  139,332  143,750  3,220  140,530 
Liquor license 6,678  —  6,678  6,678  —  6,678 
License agreement 1,177  960  217  1,176  925  251 
VegeFi product 135  17  118  135  14  121 
$ 176,579  $ 9,978  $ 166,601  $ 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 December 31 and thereafter is as follows:
(in thousands)
Remainder of 2022 $ 6,368 
2023 8,467 
2024 8,353 
2025 8,353 
2026 8,353 
Thereafter 120,029 
Total $ 159,923