GOODWILL AND INTANGIBLE ASSETS, NET

4 Months Ended

Jan. 21, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS, NET

GOODWILL AND INTANGIBLE ASSETS, NET

The changes in the carrying amount of goodwill during the quarter ended January 21, 2024 was as follows (in thousands):

	Jack in the Box		Del Taco		Total
Balance at October 1, 2023	$	136,027	$	193,959	$	329,986
Reclassified to assets held for sale	—		(403)		(403)
Balance at January 21, 2024	$	136,027	$	193,556	$	329,583

The net carrying amounts of intangible assets other than goodwill with definite lives are as follows (in thousands):

	January 21, 2024						October 1, 2023
	Gross Amount		Accumulated Amortization		Net Amount		Gross Amount		Accumulated Amortization		Net Amount
Definite-lived intangible assets:
Sublease assets	$	2,671	$	(455)	$	2,216	$	2,671	$	(381)	$	2,290
Franchise contracts	9,700		(1,016)		8,684		9,700		(850)		8,850
Reacquired franchise rights	464		(113)		351		297		(107)		190
	$	12,835	$	(1,584)	$	11,251	$	12,668	$	(1,338)	$	11,330
Indefinite-lived intangible assets:
Del Taco trademark	$	283,500	$	—	$	283,500	$	283,500	$	—	$	283,500
	$	283,500	$	—	$	283,500	$	283,500	$	—	$	283,500

The following table summarizes, as of January 21, 2024, the estimated amortization expense for each of the next five fiscal years and thereafter (in thousands):

Remainder of 2024	$	569
2025	816
2026	814
2027	827
2028	772
Thereafter	7,453
	$	11,251