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Goodwill and Intangible Assets

12 Months Ended

Sep. 24, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

2.	Goodwill and Intangible Assets:

The following table presents goodwill and intangible assets as of September 24, 2019 and September 25, 2018 (in thousands):

	September 24, 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		(104	)		12		116		(81	)		35
Non-compete agreements		65		(26	)		39		15		(15	)		-
	$	181	$	(130	)	$	51	$	131	$	(96	)	$	35
Indefinite-lived intangible assets:
Trademarks	$	3,900	$	-		$	3,900	$	3,900	$	-		$	3,900
Intangible assets, net	$	4,081	$	(130	)	$	3,951	$	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 7 for additional information.

There were no impairments to intangible assets during the fiscal years ended September 24, 2019 and September 25, 2018. The aggregate amortization expense related to intangible assets subject to amortization was $34,000 and $25,000 in each of the fiscal years ended September 24, 2019 and September 25, 2018, respectively.

The estimated aggregate future amortization expense as of September 24, 2019 is as follows (in thousands):

2020	$	28
2021		17
2022		6
	$	51