| Goodwill and Intangible Assets |
Goodwill and Intangible Assets The following table reflects the changes in carrying amounts of goodwill and goodwill by segment: | | | | | | | | | | | | | | | June 25, 2025 | | | | (In thousands) | | Balance, beginning of year | | | $ | 66,357 | | | Additions related to the acquisition of five Keke’s franchise units | | | 2,157 | | | Additions related to the acquisition of a Denny’s franchise unit | | | 404 | | | Write-offs and reclassifications associated with the sale of Keke's units | | | (392) | | | | | | | | | | | Balance, end of period | | | $ | 68,526 | | | | | | | Goodwill by segment consisted of the following: | | | | | June 25, 2025 | | December 25, 2024 | | (In thousands) | | | | | | Denny’s | $ | 37,911 | | | $ | 37,507 | | | Other | 30,615 | | | 28,850 | | | Total goodwill | $ | 68,526 | | | $ | 66,357 | |
Intangible assets consisted of the following: | | | | | | | | | | | | | | | | | | | | | | | | | | June 25, 2025 | | December 25, 2024 | | | Gross Carrying Amount | | Accumulated Amortization | | Gross Carrying Amount | | Accumulated Amortization | | | (In thousands) | Intangible assets with indefinite lives: | | | | | | | | | Trade names | $ | 79,687 | | | $ | — | | | $ | 79,687 | | | $ | — | | | Liquor licenses | 120 | | | — | | | 120 | | | — | | Intangible assets with definite lives: | | | | | | | | | Reacquired franchise rights | 9,722 | | | 6,599 | | | 9,135 | | | 6,188 | | | Franchise agreements | 8,217 | | | 1,517 | | | 10,603 | | | 1,618 | | | Intangible assets, net | $ | 97,746 | | | $ | 8,116 | | | $ | 99,545 | | | $ | 7,806 | |
Amortization expense for intangible assets with definite lives totaled $0.4 million and $0.7 million for the quarter and year-to-date periods ended June 25, 2025, respectively. Amortization expense for intangible assets with definite lives totaled $0.4 million and $0.8 million for the quarter and year-to-date periods ended June 26, 2024, respectively.
|