Goodwill and Intangible Assets

12 Months Ended

Jan. 02, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

The Company had no goodwill impairment charges in 2023, 2022 or 2021. As of January 2, 2024 and January 3, 2023, the goodwill balance remained at $7.2 million.

The following table presents intangible assets subject to amortization as of January 2, 2024 and January 3, 2023, (in thousands):

	2023		2022
Amortized intangible assets:
Reacquired franchise rights	$	933	$	933
Accumulated amortization	(627)		(560)
Amortized intangible assets, net	306		373
Non-amortized intangible assets:
Trademark rights	232		235
Intangibles, net	$	538	$	608

The estimated aggregate future amortization expense as of January 2, 2024 is as follows, (in thousands):

2024	$	66
2025	66
2026	52
2027	40
2028	29
Thereafter	53
	$	306

No impairment charges were recorded related to non-amortized intangible assets in 2023, 2022 or 2021.