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Franchise Rights and Goodwill (Tables)
6 Months Ended
Jul. 03, 2016
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Franchise Rights and Goodwill

Franchise rights and goodwill consisted of the following:

 

In Thousands

 

July 3, 2016

 

 

January 3, 2016

 

 

June 28, 2015

 

Franchise rights

 

$

533,040

 

 

$

527,540

 

 

$

527,540

 

Goodwill

 

 

139,756

 

 

 

117,954

 

 

 

111,591

 

Total franchise rights and goodwill

 

$

672,796

 

 

$

645,494

 

 

$

639,131

 

 

Reconciliation of Activity for Franchise Rights and Goodwill

A reconciliation of the activity for franchise rights and goodwill for YTD 2015 and YTD 2016 follows:

 

In Thousands

 

Franchise rights

 

 

Goodwill

 

 

Total

 

Balance on December 28, 2014

 

$

520,672

 

 

$

106,220

 

 

$

626,892

 

YTD 2015 Expansion Territories

 

 

-

 

 

 

5,425

 

 

 

5,425

 

Asset Exchange Transaction

 

 

6,868

 

 

 

38

 

 

 

6,906

 

Measurement period adjustment

 

 

-

 

 

 

(92

)

 

 

(92

)

Balance on June 28, 2015

 

$

527,540

 

 

$

111,591

 

 

$

639,131

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance on January 3, 2016

 

$

527,540

 

 

$

117,954

 

 

$

645,494

 

YTD 2016 Expansion Transactions

 

 

-

 

 

 

20,528

 

 

 

20,528

 

Asset Exchange Transaction

 

 

5,500

 

 

 

(682

)

 

 

4,818

 

Measurement period adjustment

 

 

-

 

 

 

1,956

 

 

 

1,956

 

Balance on July 3, 2016

 

$

533,040

 

 

$

139,756

 

 

$

672,796