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GOODWILL AND INTANGIBLES
 12 Months Ended
Jun. 24, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLES
We performed our annual impairment test in the second quarter of fiscal 2020 by utilizing the qualitative approach and determined that there were no events or circumstances to indicate that it was more likely than not that the fair value of our reporting units was less than their carrying values. During the third of fiscal 2020, we also performed a quantitative assessment of our goodwill due to the COVID-19 pandemic impact on our business and determined that the fair value of our reporting units was substantially in excess of the carrying values. No indicators of impairment were identified through the end of fiscal 2020. Refer to Note 2 - Novel Coronavirus Pandemic for additional disclosures around goodwill and the related COVID-19 assessments.
There have been no impairments of Goodwill for the fiscal years ended June 24, 2020, June 26, 2019 and June 27, 2018. The changes in the carrying amount of Goodwill by segment are as follows:
 
June 24, 2020
 
June 26, 2019
 
Chili’s
 
Maggiano’s
 
Consolidated
 
Chili’s
 
Maggiano’s
 
Consolidated
Balance at beginning of year
$
127.1

 
$
38.4

 
$
165.5

 
$
125.4

 
$
38.4

 
$
163.8

Changes in goodwill:
 
 
 
 
 
 
 
 
 
 
 
Additions(1)
22.4

 
—

 
22.4

 
1.6

 
—

 
1.6

Foreign currency translation adjustment
(0.3
)
 
—

 
(0.3
)
 
0.1

 
—

 
0.1

Balance at end of year
$
149.2

 
$
38.4

 
$
187.6

 
$
127.1

 
$
38.4

 
$
165.5


(1) 
In the fiscal years ended June 24, 2020 and June 26, 2019, we acquired 116 and three domestic Chili’s restaurants, respectively, previously owned by franchise partners. Refer to Note 3 - Chili's Restaurant Acquisition for information about the fiscal 2020 acquisition.
Intangible assets, net are as follows:
 
June 24, 2020
 
June 26, 2019
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
Definite-lived intangible assets
 
 
 
 
 
 
 
 
 
 
 
Chili’s reacquired franchise rights(1)
$
19.8

 
$
(7.1
)
 
$
12.7

 
$
13.3

 
$
(5.5
)
 
$
7.8

Chili’s other
0.4

 
(0.4
)
 
0.0

 
5.6

 
(1.5
)
 
4.1

 
$
20.2

 
$
(7.5
)
 
$
12.7

 
$
18.9

 
$
(7.0
)
 
$
11.9

 
 
 
 
 
 
 
 
 
 
 
 
Indefinite-lived intangible assets
 
 
 
 
 
 
 
 
 
 
 
Chili’s liquor licenses
$
9.4

 
 
 
 
 
$
9.5

 
 
 
 
Maggiano’s liquor licenses
0.9

 
 
 
 
 
0.9

 
 
 
 
 
$
10.3

 
 
 
 
 
$
10.4

 

 
 

(1) 
We recorded an impairment charges of $0.2 million in fiscal 2020, and $0.5 million in fiscal 2019, in Other (gains) and charges in the Consolidated Statements of Comprehensive Income. Refer to Note 8 - Other Gains and Charges and Note 16 - Fair Value Measurements and for additional disclosures.
Additions, net of accumulated amortization of $6.2 million in fiscal 2020 were recorded related to the reacquired franchise rights associated with the 116 acquired Chili’s restaurants previously owned by a franchise partner.
Foreign currency translation impact is included in the gross carrying amount and accumulated amortization, and was a loss of $0.1 million and gain of $0.1 million for fiscal 2020 and fiscal 2019, respectively.
Amortization expenses for all definite-lived intangible assets were recorded in Depreciation and amortization in the Consolidated Statements of Comprehensive Income as follows:
 
Fiscal Years Ended
 
June 24, 2020
 
June 26, 2019
 
June 27, 2018
Definite-lived intangible amortization expense
$
1.9

 
$
1.2

 
$
1.3


Annual amortization expenses for definite-lived intangible assets are estimated to be $2.0 million for each of the next three fiscal years, $1.9 million in fiscal 2024, and $1.6 million in fiscal 2025.