Quarterly report [Sections 13 or 15(d)]

Intangibles, net

v3.26.1
Intangibles, net
3 Months Ended
Mar. 29, 2026
Intangibles, net  
Intangibles, net

Note 3 – Intangibles, net

Intangible assets consist of the following (in thousands):

March 29,

December 28,

  ​ ​ ​

2026

  ​ ​ ​

2025

Indefinite-lived intangible assets

Tradenames

$

130,200

$

130,200

Finite-lived intangible assets

Franchise agreements

800

800

Other finite-lived intangible assets

314

335

Total finite-lived intangible assets

1,114

1,135

Less: accumulated amortization

 

(2,375)

 

(2,347)

Total intangibles, net

$

128,939

$

128,988

Intangible assets consist of the indefinite-lived “Benihana”, “Kona Grill” and “RA Sushi” trade names and other finite-lived intangible assets that are amortized using the straight-line method over their estimated useful life of 5 to 15 years. The amortization expense was $0.1 million for both the three periods ended March 29, 2026 and March 30, 2025. The Company’s estimated aggregate amortization expense for each of the five succeeding fiscal years is $0.1 million annually.