Quarterly report [Sections 13 or 15(d)]

Intangibles, Net

v3.25.3
Intangibles, Net
9 Months Ended
Sep. 28, 2025
Intangibles, Net  
Intangibles, Net

Note 4 – Intangibles, Net

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

September 28,

December 31,

    

2025

    

2024

Indefinite-lived intangible assets

Tradenames

$

134,400

$

134,400

Finite-lived intangible assets

Franchise agreements

800

800

Other finite-lived intangible assets

335

152

Total finite-lived intangible assets

1,135

952

Less: accumulated amortization

 

(2,289)

 

(2,241)

Total intangibles, net

$

133,246

$

133,111

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 nominal for the three and nine periods ended September 28, 2025 and the three and nine months ended September 30, 2024. The Company’s estimated aggregate amortization expense for each of the five succeeding fiscal years is $0.1 million annually.