Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

v2.4.0.6
Goodwill and Intangible Assets
9 Months Ended
Sep. 30, 2011
Goodwill and Intangible Assets [Abstract]  
Goodwill and Intangible Assets

5. Goodwill and Intangible Assets

 

                                 
    Franchise
Agreements
    Gross
Goodwill
    Accumulated
Impairment
    Net
Goodwill
 
    (In thousands)  

Balance, December 31, 2010

  $ 64,835       $ 1,265,241      $ (796,725)     $ 468,516   

Reductions from sales of businesses

    -         (51)             (51)  
   

 

 

   

 

 

   

 

 

   

 

 

 

Balance, September 30, 2011

  $ 64,835       $ 1,265,190      $ (796,725)     $ 468,465   
   

 

 

   

 

 

   

 

 

   

 

 

 

At December 31, 2010, Sonic had $14.3 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 September 30, 2011 was $13.1 million and was included in Other Intangible Assets, net, in the accompanying Unaudited Condensed Consolidated Balance Sheets.