Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets, Net (Tables)

v3.23.2
Goodwill and Intangible Assets, Net (Tables)
6 Months Ended
Jul. 03, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Components of Intangible Assets
The following is a summary of the components of goodwill and intangible assets, net:

July 3, 2023 January 2, 2023
(in thousands) Amount Accumulated Amortization Net Carrying Value Amount Accumulated Amortization Net Carrying Value
Intangible assets subject to amortization:
Franchise agreements $ 24,839  $ (9,019) $ 15,820  $ 24,839  $ (7,245) $ 17,594 
BurgerFi trade names / trademarks 83,033  (7,035) 75,998  83,035  (5,650) 77,385 
Anthony's trade names / trademarks 60,690  (3,372) 57,318  60,691  (2,360) 58,331 
License agreement 1,177  (1,131) 46  1,176  (1,063) 113 
VegeFi product 135  (34) 101  135  (28) 107 
Subtotal $ 169,874  $ (20,591) $ 149,283  $ 169,876  $ (16,346) $ 153,530 
Liquor licenses $ 5,930  $ —  $ 5,930  $ 6,678  $ —  $ 6,678 
Total intangible assets, net $ 155,213  $ 160,208 
Goodwill:
BurgerFi $ —  $ — 
Anthony's 31,621  31,621 
Total $ 31,621  $ 31,621