Buffalo Wild Wings 2009 Annual Report Download - page 70

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Other assets consist primarily of reacquired franchise rights and liquor licenses. Reacquired franchise rights are amortized over
the life of the related franchise agreement. We evaluate reacquired franchise rights in conjunction with our impairment evaluation of
long-lived assets. Liquor licenses are either amortized over their annual renewal period or, if purchased, are carried at the lower of fair
value or cost. We identify potential impairments for liquor licenses by comparing the fair value with its carrying amount. If the fair
value exceeds the carrying amount, the liquor licenses are not impaired. If the carrying amount exceeds the fair value, we calculate the
possible impairment by comparing the implied fair value of the liquor licenses with the carrying amount. If the implied value of the
asset is less than the carrying amount, a write-down is recorded. The carrying amount of the liquor licenses not subject to amortization
as of December 27, 2009 and December 28, 2008 was $443 and $482, respectively, and is included in other assets in the
accompanying consolidated balance sheets.
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Source: BUFFALO WILD WINGS INC, 10-K, February 26, 2010 Powered by Morningstar® Document Research℠