Goodwill And Other Intangible Assets (Tables)

12 Months Ended

Dec. 30, 2018

Goodwill activity for 2018 and 2017 was as follows:



	Year End
	December 30, 2018			December 31, 2017
Balance at beginning of year:
Goodwill, gross	$	752,731		$	750,807
Accumulated impairment losses (a)	(9,397		)	(9,397		)
Goodwill, net	743,334			741,410
Changes in goodwill:
Restaurant acquisitions (b)	7,038			65,961
Restaurant dispositions (b)	(208		)	(65,961		)
Currency translation adjustment	(2,280		)	1,924
Balance at end of year:
Goodwill, gross	757,281			752,731
Accumulated impairment losses (a)	(9,397		)	(9,397		)
Goodwill, net	$	747,884		$	743,334

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(a)	Accumulated impairment losses resulted from the full impairment of goodwill of the Wendy’s international franchise restaurants during the fourth quarter of 2013.


(b)	Goodwill acquired and disposed of during 2017 resulted from the DavCo and NPC Transactions. See Note 3 for further information.

The following is a summary of the components of other intangible assets and the related amortization expense:



	Year End
	December 30, 2018							December 31, 2017
	Cost		Accumulated Amortization			Net		Cost		Accumulated Amortization			Net
Indefinite-lived:
Trademarks	$	903,000	$	—		$	903,000	$	903,000	$	—		$	903,000
Definite-lived:
Franchise agreements	348,200		(170,134		)	178,066		349,499		(154,140		)	195,359
Favorable leases	233,990		(79,776		)	154,214		239,096		(69,128		)	169,968
Reacquired rights under franchise agreements	11,807		(1,971		)	9,836		1,680		(1,589		)	91
Software	154,919		(105,882		)	49,037		137,913		(84,746		)	53,167
	$	1,651,916	$	(357,763	)	$	1,294,153	$	1,631,188	$	(309,603	)	$	1,321,585



Aggregate amortization expense:
Actual for fiscal year:
2016	$	48,824
2017	47,302
2018	52,064
Estimate for fiscal year:
2019	$	47,987
2020	43,247
2021	38,225
2022	33,701
2023	30,499
Thereafter	197,494