Quarterly report [Sections 13 or 15(d)]

Intangibles, Net

v3.26.1
Intangibles, Net
6 Months Ended
Jun. 28, 2026
Intangibles, Net  
Intangibles, Net

Note 3 – Intangibles, Net

Intangibles, net consists of the following (in thousands):

​

​

​

​

​

​

​

​

​

June 28,

​

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

​

​

341

​

​

335

Total finite-lived intangible assets

​

​

1,141

​

​

1,135

Less: accumulated amortization

​

 

(2,400)

​

 

(2,347)

Total intangibles, net

​

$

128,941

​

$

128,988

​

Intangible assets consist of the indefinite-lived “Benihana”, “Kona Grill” and “RA” 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 less than $0.1 million for the three and six periods ended June 28, 2026 and June 29, 2025. The Company’s estimated aggregate amortization expense for each of the five succeeding fiscal years is $0.1 million annually.