Annual report pursuant to Section 13 and 15(d)

Intangible Assets and Goodwill (Tables)

v2.4.0.8
Intangible Assets and Goodwill (Tables)
 12 Months Ended
Dec. 31, 2013
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, 2013 and 2012 were as follows:

 

     Franchise
Assets		     Net 
Goodwill		  
     (In thousands)  

Balance, December 31, 2011

    $ 64,835      $ 468,465 (1) 

Reductions from dispositions

      (4,200 )      (14,241 ) 
  

 

 

    

 

 

  

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) 
  

 

 

    

 

 

  
 
(1) Net of accumulated impairment losses of $796,725.
Definite Life Intangible Assets

Definite life intangible assets consist of the following:

 

     December 31, 2013     December 31, 2012  
     (In thousands)  

Favorable lease agreements

    $ 19,918      $ 19,918   

Less accumulated amortization

      (11,587 )      (10,032 ) 
  

 

 

    

 

 

  

Definite life intangibles, net

    $ 8,331      $ 9,886   
  

 

 

    

 

 

  
Future Amortization Expense

Future amortization expense is as follows:

 

Year Ending December 31,

    (In thousands)  

2014

    $ 1,189   

2015

      823   

2016

      823   

2017

      808   

2018

      644   

Thereafter

      4,044   
  

 

 

  

Total

    $ 8,331