Goodwill and Intangible Assets

9 Months Ended

Jun. 25, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Note 3. Goodwill and Intangible Assets

The following table presents goodwill and intangible assets as of June 25, 2019 and September 25, 2018:

	June 25, 2019							September 25, 2018
		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Intangible assets subject to amortization
Franchise rights		116		(98	)		18		116		(81	)		35
Non-compete agreements		65		(23	)		42		15		(15	)		-
	$	181	$	(121	)	$	60	$	131	$	(96	)	$	35
Indefinite-lived intangible assets:
Trademarks	$	3,900	$	-		$	3,900	$	3,900	$	-		$	3,900
Intangible assets, net	$	4,081	$	(121	)	$	3,960	$	4,031	$	(96	)	$	3,935
Goodwill	$	15,150	$	-		$	15,150	$	15,150	$	-		$	15,150

The Company had no goodwill impairment losses in the periods presented in the above table or any prior periods.

In February 2019 the Company acquired all of the membership interests of three joint venture entities to which the Company was already a party to and the transaction resulted in an increase to non-compete agreements of $50,000, see Note 11.

There were no impairments to intangible assets during the three quarters ended June 25, 2019 and June 26, 2018. The aggregate amortization expense related to these intangible assets subject to amortization was approximately $25,000 for the three quarters ended June 25, 2019.

The estimated aggregate future amortization expense as of June 25, 2019 is as follows:

Remainder of 2019	$	9
2020		28
2021		17
2022		6
	$	60