Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

The following table presents goodwill as of December 31, 2019 and January 1, 2019, (in thousands):

	2019		2018
Balance at beginning of year	$	6,400	$	6,400
Acquisition(1)	754		—
Balance at end of year	$	7,154	$	6,400

____________________

(1)     During the first quarter of 2019, we acquired one franchise restaurant.

The Company had no goodwill impairment charges in 2019, 2018 or 2017.

The following table presents intangible assets subject to amortization as of December 31, 2019 and January 1, 2019, (in thousands):

	2019			2018
Amortized intangible assets:
Reacquired franchise rights	$	992		$	1,125
Favorable leases	—			150
	992			1,275
Accumulated Amortization	(388		)	(436		)
	604			839
Non-amortized intangible assets:
Trademark rights and transferable liquor licenses	279			452
	$	883		$	1,291

Upon adoption of the new lease guidance on January 2, 2019, the net book value of favorable lease intangible assets amounting to $0.1 million was reclassified to the right-of-use asset.

The estimated aggregate future amortization expense as of December 31, 2019 is as follows, (in thousands):

2020	$	70
2021	70
2022	72
2023	70
2024	70
Thereafter	252
	$	604

No impairment charges were recorded related to non-amortized intangible assets in 2019, 2018 or 2017.