Annual report pursuant to Section 13 and 15(d)

Intangible Assets and Goodwill

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Intangible Assets and Goodwill
 12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill Intangible Assets and Goodwill
The changes in the carrying amount of franchise assets and goodwill for 2019 and 2018 were as follows:
 
Franchise
Assets
Net
Goodwill
  
(In thousands)
Balance at December 31, 2017 $ 69,900    $ 525,780    (1)  
Reductions from dispositions (2,100)   (16,188)  
Reductions from impairment (2,100)   —   
Balance at December 31, 2018 $ 65,700    $ 509,592    (1)  
Reductions from dispositions (1,400)   (33,801)  
Balance at December 31, 2019 $ 64,300    $ 475,791    (1)  
(1) Net of accumulated impairment losses of $797.6 million.
Other Intangible Assets
Other intangible assets consist of franchise assets and definite life intangible assets, and are presented net of accumulated amortization on the accompanying consolidated balance sheets. Pursuant to applicable accounting pronouncements, we evaluate our franchise assets and definite life intangible assets for impairment annually (as of October 1 of each year) or more frequently if indications of impairment exist. There were no franchise asset impairment charges for 2019 and $2.1 million for 2018, which was recorded in continuing operations based on the impairment evaluations performed. As discussed below in Note 16, “Leases,” due to the adoption of ASC 842, “Leases,” effective January 1, 2019, previously existing definite life intangible assets have been reclassified from other intangible assets, net to right-of-use assets in the accompanying consolidated balance sheet as of December 31, 2019.