Annual report pursuant to Section 13 and 15(d)

Intangible Assets and Goodwill (Tables)

v2.4.0.6
Intangible Assets and Goodwill (Tables)
 12 Months Ended
Dec. 31, 2012
Intangible Assets and Goodwill [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, 2012 and 2011 were as follows:

 

                 
    Franchise
Agreements		     Net
Goodwill		  
    (In thousands)  

Balance, December 31, 2010

   $ 64,835     $ 468,516 (1) 

Reductions from dispositions

     —       (51 ) 
   

 

 

    

 

 

  

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) 
   

 

 

    

 

 

  

 

(1) Net of accumulated impairment losses of $796,725.
Definite life intangible assets

Definite life intangible assets consist of the following:

 

                 
    December 31,  
    2012     2011  
    (In thousands)  

Lease agreements

   $ 19,918     $ 19,918  

Less accumulated amortization

     (10,032 )      (8,477 ) 
   

 

 

    

 

 

  

Definite life intangibles, net

   $ 9,886     $ 11,441  
   

 

 

    

 

 

  
Future amortization expense

Future amortization expense is as follows:

 

         

Year Ending December 31,

      
    (In thousands)  

2013

   $ 1,555  

2014

     1,189  

2015

     823  

2016

     823  

2017

     808  

Thereafter

     4,688  
   

 

 

  

Total

   $ 9,886