Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets, Net

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Goodwill and Intangible Assets, Net
9 Months Ended
Oct. 02, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, Net Goodwill and Intangible Assets, Net
The following is a summary of the components of goodwill and intangible assets, net:

October 2, 2023 January 2, 2023
(in thousands) Amount Accumulated Amortization Net Carrying Value Amount Accumulated Amortization Net Carrying Value
Intangible assets subject to amortization:
Franchise agreements $ 24,840  $ (9,906) $ 14,934  $ 24,839  $ (7,245) $ 17,594 
BurgerFi trade names / trademarks 83,033  (7,727) 75,306  83,035  (5,650) 77,385 
Anthony's trade names / trademarks 60,690  (3,877) 56,813  60,691  (2,360) 58,331 
License agreement 1,177  (1,166) 11  1,176  (1,063) 113 
VegeFi product 135  (38) 97  135  (28) 107 
Subtotal $ 169,875  $ (22,714) $ 147,161  $ 169,876  $ (16,346) $ 153,530 
Liquor licenses $ 5,930  $ —  $ 5,930  $ 6,678  $ —  $ 6,678 
Total intangible assets, net $ 153,091  $ 160,208 
Goodwill:
BurgerFi $ —  $ — 
Anthony's 31,621  31,621 
Total $ 31,621  $ 31,621 


Intangible asset amortization expense totaled $2.1 million for both the quarters ended October 2, 2023 and October 3, 2022, and $6.4 million for both the nine months ended October 2, 2023 and October 3, 2022.