Annual report pursuant to Section 13 and 15(d)

Intangible Assets and Goodwill (Tables)

v2.4.1.9
Intangible Assets and Goodwill (Tables)
 12 Months Ended
Dec. 31, 2014
Goodwill And Intangible Assets Disclosure [Abstract]  
Changes in Carrying Amount of Franchise Assets and Goodwill

The changes in the carrying amount of franchise assets and goodwill for the years ended December 31, 2014 and 2013 were as follows:  

 

 

Franchise

Assets

 

 

Net

Goodwill

 

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Balance, December 31, 2012

 

$

60,635

 

 

$

454,224

 

(1)

Additions through current year acquisitions

 

 

19,500

 

 

 

22,091

 

 

Reductions from impairment

 

 

(600

)

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

Balance, December 31, 2013

 

 

79,535

 

 

 

476,315

 

(1)

Additions through current year acquisitions

 

 

7,500

 

 

 

10,176

 

 

Prior year acquisition allocations

 

 

-

 

 

 

(3

)

 

Reductions from dispositions

 

 

(7,735

)

 

 

(10,559

)

 

Reductions from impairment

 

 

(2,200

)

 

 

-

 

 

Balance, December 31, 2014

 

$

77,100

 

 

$

475,929

 

(1)

 

 

 

 

 

 

 

 

 

 

(1) Balances are net of accumulated impairment losses of $796,725.

 

 

 

 

 

 

 

 

 

 
Definite Life Intangible Assets

Definite life intangible assets consist of the following:

 

 

 

December 31, 2014

 

 

December 31, 2013

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

Favorable lease agreements

 

$

17,318

 

 

$

19,918

 

Less accumulated amortization

 

 

(10,698

)

 

 

(11,587

)

Definite life intangibles, net

 

$

6,620

 

 

$

8,331

 

 
Future Amortization Expense

Future amortization expense is as follows:

 

 

 

 

 

 

 

 

Year Ending December 31,

 

(In thousands)

 

 

 

 

 

 

2015

 

$

644

 

2016

 

 

644

 

2017

 

 

644

 

2018

 

 

644

 

2019

 

 

644

 

Thereafter

 

 

3,400

 

Total

 

$

6,620