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Intangible Assets and Goodwill (Tables)
12 Months Ended
Dec. 31, 2017
Goodwill And Intangible Assets Disclosure [Abstract]  
Changes in Carrying Amount of Franchise Assets and Goodwill

The changes in the carrying amount of franchise assets and goodwill for 2017 and 2016 were as follows:  

 

 

 

Franchise

Assets

 

 

Net

Goodwill

 

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2015

 

$

74,900

 

 

$

471,493

 

(1)

Prior year acquisition allocations

 

 

-

 

 

 

944

 

 

Balance at December 31, 2016

 

$

74,900

 

 

$

472,437

 

(1)

Additions through current year acquisitions

 

 

-

 

 

 

60,024

 

 

Reductions from dispositions

 

 

(1,400

)

 

 

(5,737

)

 

Reductions from impairment

 

 

(3,600

)

 

 

(900

)

 

Prior year acquisition allocations

 

 

-

 

 

 

(44

)

 

Balance at December 31, 2017

 

$

69,900

 

 

$

525,780

 

(2)

(1)

Net of accumulated impairment losses of $796,725.

(2)

Net of accumulated impairment losses of $797,625.

Definite Life Intangible Assets

Definite life intangible assets consist of the following:

 

 

 

December 31, 2017

 

 

December 31, 2016

 

 

 

(In thousands)

 

Favorable lease agreements

 

$

17,317

 

 

$

17,318

 

Less accumulated amortization

 

 

(12,628

)

 

 

(11,985

)

Definite life intangibles, net

 

$

4,689

 

 

$

5,333

 

 

Future Amortization Expense

Future amortization expense is as follows:

 

Year Ending December 31,

 

(In thousands)

 

2018

 

$

644

 

2019

 

 

644

 

2020

 

 

614

 

2021

 

 

475

 

2022

 

 

408

 

Thereafter

 

 

1,904

 

Total

 

$

4,689