Driven Brands Holdings Inc. Goodwill & Intangibles Disclosure
| (in thousands) | Maintenance | Paint, Collision & Glass | Platform Services | Take 5 | Franchise Brands | Auto Glass Now | Total | ||||||||||||||||||||||||||||||||||
Balance at December 30, 2023 | $ | 482,025 | $ | 602,031 | $ | 154,450 | $ | — | $ | — | $ | — | $ | 1,238,506 | |||||||||||||||||||||||||||
| Acquisitions | 599 | — | — | — | — | — | 599 | ||||||||||||||||||||||||||||||||||
| Sale of business unit | — | (9,233) | (13,180) | — | — | — | (22,413) | ||||||||||||||||||||||||||||||||||
| Foreign exchange | (178) | (8,712) | (2,272) | — | — | — | (11,162) | ||||||||||||||||||||||||||||||||||
Balance at December 28, 2024 | $ | 482,446 | $ | 584,086 | $ | 138,998 | $ | — | $ | — | $ | — | $ | 1,205,530 | |||||||||||||||||||||||||||
| Resegmentation allocation | (482,446) | (584,086) | (138,998) | 435,986 | 620,264 | 149,280 | — | ||||||||||||||||||||||||||||||||||
| Acquisitions | — | — | — | 5,746 | — | — | 5,746 | ||||||||||||||||||||||||||||||||||
| Foreign exchange | — | — | — | 109 | 6,617 | — | 6,726 | ||||||||||||||||||||||||||||||||||
Balance at December 27, 2025 | $ | — | $ | — | $ | — | $ | 441,841 | $ | 626,881 | $ | 149,280 | $ | 1,218,002 | |||||||||||||||||||||||||||
| (in thousands) | Balance at December 27, 2025 | ||||||||||||||||
| Gross Carrying Value | Accumulated Amortization | Net Carrying Value | |||||||||||||||
| Definite Lived Amortizable | |||||||||||||||||
| Franchise agreements | $ | 219,876 | $ | (87,236) | $ | 132,640 | |||||||||||
| License agreements | 11,957 | (8,507) | 3,450 | ||||||||||||||
| Membership agreements | 11,600 | (9,180) | 2,420 | ||||||||||||||
| Customer relationships | 82,645 | (23,585) | 59,060 | ||||||||||||||
| Developed technology | 25,764 | (24,162) | 1,602 | ||||||||||||||
| Trademarks and other | 14,243 | (13,903) | 340 | ||||||||||||||
| Total definite lived amortizable | 366,085 | (166,573) | 199,512 | ||||||||||||||
| Indefinite-Lived | |||||||||||||||||
| Trademarks | 418,337 | — | 418,337 | ||||||||||||||
| Total | $ | 784,422 | $ | (166,573) | $ | 617,849 | |||||||||||
Balance at December 28, 2024 | |||||||||||||||||
| Gross Carrying Value | Accumulated Amortization | Net Carrying Value | |||||||||||||||
| Definite Lived Amortizable | |||||||||||||||||
| Franchise agreements | $ | 219,044 | $ | (77,513) | $ | 141,531 | |||||||||||
| License agreements | 11,893 | (7,132) | 4,761 | ||||||||||||||
| Membership agreements | 11,600 | (7,673) | 3,927 | ||||||||||||||
| Customer relationships | 82,108 | (17,224) | 64,884 | ||||||||||||||
| Developed technology | 25,561 | (22,433) | 3,128 | ||||||||||||||
| Trademarks and other | 14,244 | (13,696) | 548 | ||||||||||||||
| Total definite lived amortizable | 364,450 | (145,671) | 218,779 | ||||||||||||||
| Indefinite-Lived | |||||||||||||||||
| Trademarks | 416,015 | — | 416,015 | ||||||||||||||
| Total | $ | 780,465 | $ | (145,671) | $ | 634,794 | |||||||||||
| (in thousands) | Amount | ||||
| 2026 | $ | 19,006 | |||
| 2027 | 16,488 | ||||
| 2028 | 15,463 | ||||
| 2029 | 14,961 | ||||
| 2030 | 14,949 | ||||
| Thereafter | 118,645 | ||||
| Total | $ | 199,512 | |||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | May 19, 2026 | Showing above |
| 2024 | Feb 26, 2025 | |
| 2023 | Feb 28, 2024 | |
| 2022 | Mar 1, 2023 | |
| 2021 | Mar 18, 2022 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.