Jack In The Box 2010 Annual Report Download - page 53

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Table of Contents


using significant unobservable inputs (Level 3). The following table provides detail of the allocation ( ):
Property and equipment $ 6,756
Reacquired franchise rights 301
Goodwill 1,058
Total consideration $ 8,115
In 2009, we acquired 22 Qdoba restaurants from franchisees for net consideration of $6.8 million. The purchase price was
allocated to property and equipment, goodwill and other income (included in selling, general and administrative expenses in the
accompanying consolidated statement of earnings).
 
The changes in the carrying amount of goodwill during 2010 and 2009 by operating segment were as follows :
  
Balance at September 28, 2008 $ 56,992 $ 28,797 $ 85,789
Acquisition of franchised restaurants - 2,536 2,536
Sale of company-operated restaurants to franchisees (2,482) - (2,482)
Balance at September 27, 2009 54,510 31,333 85,843
Acquisition of franchised restaurants - 1,058 1,058
Sale of company-operated restaurants to franchisees (1,860) - (1,860)
Balance at October 3, 2010 $ 52,650 $ 32,391 $ 85,041
Intangible assets, net consist of the following as of October 3, 2010 and September 27, 2009 :
 
Amortized intangible assets:
Gross carrying amount $ 17,035 $ 17,679
Less accumulated amortization (7,849) (8,045)
Net carrying amount 9,186 9,634
Non-amortized intangible assets:
Trademark 8,800 8,800
Net carrying amount $ 17,986 $ 18,434
Amortized intangible assets include lease acquisition costs and acquired franchise contracts. The weighted-average life of the
amortized intangible assets is approximately 20 years. Total amortization expense related to intangible assets was $0.7 million in
fiscal 2010 and $0.8 million in fiscal 2009 and 2008.
The following table summarizes, as of October 3, 2010, the estimated amortization expense for each of the next five fiscal years 
:

2011 $ 780
2012 769
2013 735
2014 702
2015 688
Total $ 3,674
F-13