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Goodwill and Other Intangible Assets
3 Months Ended
Mar. 26, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets:
Goodwill and other indefinite-lived intangible assets, including trade names, are reviewed for impairment annually, or more frequently if indicators of impairment exist. We concluded no indicators of impairment existed during the first three months of 2023 and 2022, respectively. We based our conclusions on our financial performance projections, as well as an updated analysis of macroeconomic and industry-specific conditions.

During the second quarter of 2022, we concluded the useful life of the trade name, California's Great America, was no longer indefinite due to the then-anticipated sale of the land and the eventual disposal of the remaining assets; see Note 4. As a result, we tested the California's Great America trade name totaling $0.7 million for impairment during the second quarter of 2022 resulting in no impairment. The fair value of the trade name was calculated using a relief-from-royalty model. We are amortizing the trade name over an approximate 5.5-year period, or through December 31, 2027.

Changes in the carrying value of goodwill for the three months ended March 26, 2023 and March 27, 2022 were:
(In thousands)Goodwill
Balance as of December 31, 2022$263,206 
Foreign currency translation(933)
Balance as of March 26, 2023$262,273 
Balance as of December 31, 2021$267,232 
Foreign currency translation885 
Balance as of March 27, 2022$268,117 

As of March 26, 2023, December 31, 2022, and March 27, 2022, other intangible assets consisted of the following:
(In thousands)Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Value
March 26, 2023
Other intangible assets:
Trade names$48,411 $(86)$48,325 
License / franchise agreements1,243 (861)382 
Total other intangible assets$49,654 $(947)$48,707 
December 31, 2022
Other intangible assets:
Trade names$48,619 $(63)$48,556 
License / franchise agreements4,293 (3,899)394 
Total other intangible assets$52,912 $(3,962)$48,950 
March 27, 2022
Other intangible assets:
Trade names$49,712 $— $49,712 
License / franchise agreements4,271 (3,798)473 
Total other intangible assets$53,983 $(3,798)$50,185