Franchise Rights and Goodwill

12 Months Ended

Jan. 01, 2017

Goodwill And Intangible Assets Disclosure [Abstract]

Franchise Rights and Goodwill

7. Franchise Rights and Goodwill

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

(in thousands)	Franchise rights		Goodwill			Total
Balance on December 28, 2014	$	520,672	$	106,220		$	626,892
2015 Expansion Territories		-		10,319			10,319
Asset Exchange Transaction		6,868		316			7,184
Measurement period adjustment		-		1,099			1,099
Balance on January 3, 2016	$	527,540	$	117,954		$	645,494
2016 Expansion Transactions		-		26,272			26,272
Asset Exchange Transaction		5,500		(682	)		4,818
Measurement period adjustment		-		1,042			1,042
Balance on January 1, 2017	$	533,040	$	144,586		$	677,626

The Company’s goodwill resides entirely within the Nonalcoholic Beverages segment. The Company performed its annual impairment test of franchise rights and goodwill as of the first day of the fourth quarter of 2016, 2015 and 2014 and determined there was no impairment of the carrying value of these assets.