Intangible Assets, net

9 Months Ended

Sep. 30, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Net

(5)       Intangible Assets, net

The Company has intangible assets that consist of liquor licenses and lease interest assets. The liquor licenses are indefinite lived assets and are not subject to amortization. The lease interest assets are amortized, to occupancy costs, on a straight-line basis over the remaining term of each respective lease.

       A reconciliation of beginning and ending amounts of intangible assets for the nine and twelve months ended September 30,2012 and January 1, 2012, respectively, are presented in the table below:

		Remaining estimated useful life (years)	Original Cost	Accumulated Amortization	Net Book Value	Less Current Portion	Non Current Portion
(in thousands)
Balance at September 30, 2012
	Lease interest assets	27	1,417	(123)	1,294	(48)	1,246
	Liquor licenses		1,560	0	1,560	0	1,560
	Total		2,977	(123)	2,854	(48)	2,806
		Remaining estimated useful life (years)	Original Cost	Accumulated Amortization	Net Book Value	Less Current Portion	Net Book Value
(in thousands)
Balance at January 1, 2012
	Lease interest assets	28	1,417	(88)	1,329	(48)	1,281
	Liquor licenses		1,560	0	1,560	0	1,560
	Total		2,977	(88)	2,889	(48)	2,841

Amortization for each of the next five years is expected to be approximately $48,000per year.