Quarterly report pursuant to Section 13 or 15(d)

Acquisition of Franchise Restaurant (Tables)

v3.19.3
Acquisition of Franchise Restaurant (Tables)
9 Months Ended
Sep. 29, 2019
Business Combinations [Abstract]  
Summary of Preliminary Allocation of Purchase Price

The preliminary allocation of purchase price is as follows (in thousands):

 

 

Balances at

 

 

 

September 29, 2019

 

Current assets

 

$

387

 

Property and equipment

 

 

2,398

 

Goodwill

 

 

9,027

 

Franchise Rights

 

 

7,100

 

Other intangibles

 

 

475

 

Total assets acquired

 

$

19,387

 

Current liabilities

 

 

725

 

Other liabilities

 

 

43

 

Total liabilities assumed

 

$

768

 

Net assets acquired

 

$

18,619