XML 88 R27.htm IDEA: XBRL DOCUMENT v3.2.0.727
GOODWILL AND INTANGIBLES (Tables)
 12 Months Ended
Jun. 24, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes In Carrying Amount Of Goodwill
The changes in the carrying amount of goodwill for the fiscal years ended June 24, 2015 and June 25, 2014 are as follows (in thousands):
 
 
2015
 
2014
Balance at beginning of year:
 
 
 
Goodwill
$
196,268

 
$
204,937

Accumulated impairment losses(a)
(62,834
)
 
(62,834
)
 
133,434

 
142,103

Changes in goodwill:
 
 
 
Adjustments(b)
0

 
(8,387
)
Foreign currency translation adjustment
(1,053
)
 
(282
)
 
 
 
 
Balance at end of year:
 
 
 
Goodwill
195,215

 
196,268

Accumulated impairment losses
(62,834
)
 
(62,834
)
 
$
132,381

 
$
133,434

____________________________________________________________________
(a)
The impairment losses recorded in prior years are related to restaurant brands that we no longer own.
(b)
The valuation of assets and liabilities related to the acquired Canadian restaurants was finalized during fiscal 2014 resulting in an adjustment of approximately $8.4 million to goodwill.
Schedule of Intangible Assets
Intangible assets, net for the fiscal years ended June 24, 2015 and June 25, 2014 are as follows (in thousands):
 
2015
 
2014
 
Gross Carrying Amount
Accumulated Amortization
Net Carrying Amount
 
Gross Carrying Amount
Accumulated Amortization
Net Carrying Amount
Definite-lived intangible assets
 
 
 
 
 
 
 
     Reacquired franchise rights (a)
$
7,423

$
(1,625
)
$
5,798

 
$
9,107

$
(1,121
)
$
7,986

     Other
804

(358
)
446

 
872

(292
)
580

 
$
8,227

$
(1,983
)
$
6,244

 
$
9,979

$
(1,413
)
$
8,566

 
 
 
 
 
 
 
 
Indefinite-lived intangible assets
 
 
 
 
 
 
 
     Liquor licenses
$
10,398

 
 
 
$
10,275