Franchise Rights Acquired, Goodwill and Other Intangible Assets (Tables)
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9 Months Ended |
Oct. 01, 2022 |
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| Goodwill And Intangible Assets Disclosure [Abstract] |
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| Change in Carrying Amount of Goodwill |
For the nine months ended October 1, 2022, the change in the carrying amount of goodwill was due to the Republic of Ireland franchisee and Northern Ireland franchisee acquisitions as described in Note 5, the impairment of the Company's wholly-owned subsidiary Kurbo, Inc. (“Kurbo”) as discussed below and the effect of exchange rate changes as follows:
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North |
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Continental |
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United |
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America |
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Europe |
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Kingdom |
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Other |
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Total |
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Balance as of January 2, 2021 |
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$ |
145,071 |
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$ |
7,792 |
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$ |
1,268 |
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$ |
1,486 |
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$ |
155,617 |
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Goodwill acquired during the period |
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2,153 |
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— |
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— |
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— |
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2,153 |
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Effect of exchange rate changes |
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306 |
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(606 |
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(14 |
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(82 |
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(396 |
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Balance as of January 1, 2022 |
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$ |
147,530 |
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$ |
7,186 |
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$ |
1,254 |
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$ |
1,404 |
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$ |
157,374 |
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Goodwill acquired during the period |
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— |
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— |
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5,936 |
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— |
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5,936 |
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Goodwill impairment |
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(1,101 |
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— |
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— |
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— |
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(1,101 |
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Effect of exchange rate changes |
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(3,651 |
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(1,152 |
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(1,084 |
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(167 |
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(6,054 |
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Balance as of October 1, 2022 |
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$ |
142,778 |
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$ |
6,034 |
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$ |
6,106 |
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$ |
1,237 |
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$ |
156,155 |
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| Schedule of Carrying Values of Finite-lived Intangible Assets |
The carrying values of finite-lived intangible assets as of October 1, 2022 and January 1, 2022 were as follows:
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October 1, 2022 |
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January 1, 2022 |
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Gross |
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Gross |
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Carrying |
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Accumulated |
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Carrying |
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Accumulated |
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Amount |
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Amortization |
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Amount |
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Amortization |
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Capitalized software costs |
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$ |
115,746 |
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$ |
101,017 |
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$ |
115,065 |
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$ |
94,771 |
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Website development costs |
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130,738 |
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90,790 |
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110,678 |
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78,629 |
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Trademarks |
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12,145 |
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11,833 |
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12,116 |
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11,677 |
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Other |
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13,880 |
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5,917 |
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14,021 |
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5,677 |
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Trademarks and other intangible assets |
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$ |
272,509 |
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$ |
209,557 |
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$ |
251,880 |
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$ |
190,754 |
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Franchise rights acquired |
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8,126 |
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5,001 |
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7,905 |
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4,766 |
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Total finite-lived intangible assets |
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$ |
280,635 |
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$ |
214,558 |
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$ |
259,785 |
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$ |
195,520 |
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| Schedule of Estimated Amortization Expense of Finite-lived Intangible Assets |
Estimated amortization expense of existing finite-lived intangible assets for the next five fiscal years and thereafter is as follows:
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Remainder of fiscal 2022 |
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$ |
8,223 |
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Fiscal 2023 |
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$ |
27,053 |
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Fiscal 2024 |
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$ |
16,687 |
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Fiscal 2025 |
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$ |
5,378 |
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Fiscal 2026 |
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$ |
845 |
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Fiscal 2027 |
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$ |
720 |
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Thereafter |
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$ |
7,171 |
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