Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

v2.4.0.6
Goodwill and Intangible Assets
3 Months Ended
Mar. 31, 2013
Goodwill and Intangible Assets [Abstract]  
Goodwill and Intangible Assets

5. Goodwill and Intangible Assets

 

                 
(In thousands)   Franchise
Agreements
    Net Goodwill  
     

Balance, December 31, 2012

  $ 60,635     $ 454,224  (1) 
     

Reductions from dispositions

    —         —    
   

 

 

   

 

 

 
     

Balance, March 31, 2013

  $ 60,635     $ 454,224  (1) 
   

 

 

   

 

 

 

 

(1) Net of accumulated impairment losses of $796,725.

At December 31, 2012, Sonic had approximately $9.9 million of definite life intangibles recorded related to favorable lease agreements. After the effect of amortization of the definite life intangibles, the balance recorded at March 31, 2013 was approximately $9.5 million and was included in other intangible assets, net, in the accompanying Unaudited Condensed Consolidated Balance Sheets.