Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets, Net (Tables)

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Goodwill and Intangible Assets, Net (Tables)
 3 Months Ended
Apr. 01, 2024
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 and impairment
charges:

April 1, 2024
(in thousands)
Weighted Average Remaining Useful Life (years)
 Amount Accumulated Amortization
Accumulated Impairment Charges
Net Carrying Value
Franchise agreements 3.7 $ 24,839  $ (11,680) $ —  13,159 
BurgerFi trade names / trademarks 26.7 83,033  (9,111) —  73,922 
Anthony's trade names / trademarks 27.6 60,690  (4,889) —  55,801 
Other intangibles 6.7 9,018  (1,221) (7,706) 91 
  Subtotal 177,580  (26,901) (7,706) 142,973 
Liquor licenses 5,930  —  (113) 5,818 
Total intangible assets, net $ 183,510  $ (26,901) $ (7,818) $ 148,791 


January 1, 2024
(in thousands)
Weighted Average Remaining Useful Life (years)
 Amount Accumulated Amortization
Accumulated Impairment Charges
Net Carrying Value
Franchise agreements 4.0 $ 24,839  $ (10,793) $ —  14,046 
BurgerFi trade names / trademarks 27.0 83,033  (8,419) —  74,614 
Anthony's trade names / trademarks 27.8 60,690  (4,383) —  56,307 
Other intangibles 7.0 9,018  (1,241) (7,706) 71 
  Subtotal 177,580  (24,836) (7,706) 145,038 
Liquor licenses 5,930  —  (113) 5,818 
Total intangible assets, net $ 183,510  $ (24,836) $ (7,818) $ 150,856 
Schedule of Goodwill
(in thousands) Anthony’s Segment
BurgerFi Segment
Total
Balance as of January 2, 2023
Goodwill
 $ 80,684  123,981  $ 204,665 
Accumulated impairment losses
 (49,064) (123,981) (173,045)
Goodwill, net as of January 1, 2024 $ 31,621  $ —  $ 31,621 
Goodwill
 $ 80,684  $ 123,981  $ 204,665 
Accumulated impairment losses
 (49,064) $ (123,981) (173,045)
Goodwill, net as of April 1, 2024 $ 31,621  $ —  $ 31,621