Goodwill and Intangible Assets

12 Months Ended

Dec. 29, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

The following table presents goodwill as of December 29, 2020 and December 31, 2019, (in thousands):

	2020		2019
Balance at beginning of year	$	7,154	$	6,400
Acquisition(1)	—		754
Balance at end of year	$	7,154	$	7,154

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

The Company had no goodwill impairment charges in 2020, 2019 or 2018.

The following table presents intangible assets subject to amortization as of December 29, 2020 and December 31, 2019, (in thousands):

	2020		2019
Amortized intangible assets:
Reacquired franchise rights	$	992	$	992
Accumulated Amortization	(458)		(388)
Amortized intangible assets, net	534		604
Non-amortized intangible assets:
Trademark rights	223		279
Intangibles, net	$	757	$	883

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 29, 2020 is as follows, (in thousands):

2021	$	70
2022	72
2023	70
2024	70
2025	70
Thereafter	182
	$	534

No impairment charges were recorded related to non-amortized intangible assets in 2020, 2019 or 2018.