Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 27, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in goodwill are summarized below (in thousands):



Balance December 30, 2014	$	294,626
Fiscal 2015 activity	—
Balance December 29, 2015	294,626
Acquisition of Wendy’s businesses	1,500
Balance December 27, 2016	$	296,126

Weighted average amortization period for all intangible assets

The weighted average amortization period for all intangible assets is as follows:



	Years
Franchise rights, Pizza Hut operations	41
Franchise rights, Wendy’s operations	18
Favorable leasehold interests	16
Unfavorable leasehold interests	9

Intangible assets subject to amortization

Intangible assets subject to amortization are summarized below (in thousands):



	December 27, 2016
	Gross Carrying Amount			Accumulated Amortization			Net Book Value
Amortizable intangible assets:
Franchise rights	$	706,265		$	(87,944	)	$	618,321
Favorable leasehold interests	13,172			(5,030		)	8,142
Unfavorable leasehold interests	(16,873		)	9,830			(7,043		)
	$	702,564		$	(83,144	)	$	619,420



	December 29, 2015
	Gross Carrying Amount			Accumulated Amortization			Net Book Value
Amortizable intangible assets:
Franchise rights	$	688,825		$	(68,307	)	$	620,518
Favorable leasehold interests	13,850			(4,354		)	9,496
Unfavorable leasehold interests	(17,105		)	8,139			(8,966		)
	$	685,570		$	(64,522	)	$	621,048

Amortization expense on intangible assets was $18.6 million, $17.9 million and $17.3 million for fiscal 2016, fiscal 2015 and fiscal 2014, respectively.

Annual amortization during the next five fiscal years is expected to be as follows (in thousands):



Fiscal years:
	2017	$	18,900
	2018	18,940
	2019	19,015
	2020	18,882
	2021	19,125

NPC Restaurant Holdings, LLC 10-K