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Goodwill and Other Intangible Assets, net
6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets, net Goodwill and Other Intangible Assets, net
Goodwill
Changes in the carrying amount of goodwill by reportable segment are as follows:
U.S.
International
Market Development
Total
Balance as of December 31, 2023$677,956 $294,468 $129,515 $1,101,939 
Foreign currency impact
— (5,690)— (5,690)
Balance as of June 30, 2024$677,956 $288,778 $129,515 $1,096,249 
Other Intangible Assets, net
Other intangible assets consist of the following:
 June 30, 2024December 31, 2023
Gross
Carrying
Amount
Accumulated
Amortization
Net Amount
Gross
Carrying
Amount  
Accumulated
Amortization
Net Amount
Intangible assets with indefinite lives   
 
 
Trade names and trademarks$658,033 $— $658,033 $657,980 $— $657,980 
Intangible assets with definite lives
Franchise agreements30,390 (11,471)18,919 30,390 (10,744)19,646 
Customer relationships15,000 (6,845)8,155 15,000 (6,413)8,587 
Reacquired franchise rights (1)
391,537 (148,930)242,607 397,279 (137,143)260,136 
Total intangible assets with definite lives436,927 (167,246)269,681 442,669 (154,300)288,369 
Total intangible assets$1,094,960 $(167,246)$927,714 $1,100,649 $(154,300)$946,349 
(1)Reacquired franchise rights include the impact of foreign currency fluctuations associated with the respective countries.
Amortization expense related to intangible assets included in depreciation and amortization expense was $7.4 million and $14.8 million for the quarter and two quarters ended June 30, 2024, and $7.3 million and $14.6 million for the quarter and two quarters ended July 2, 2023.