BRINKER INTERNATIONAL, INC Goodwill & Intangibles Disclosure
| June 25, 2025 | June 26, 2024 | ||||||||||||||||||||||||||||||||||
| Chili’s | Maggiano’s | Consolidated | Chili’s | Maggiano’s | Consolidated | ||||||||||||||||||||||||||||||
| Balance at beginning of year | $ | 156.4 | $ | 38.4 | $ | 194.8 | $ | 156.6 | $ | 38.4 | $ | 195.0 | |||||||||||||||||||||||
| Changes in Goodwill: | |||||||||||||||||||||||||||||||||||
| Foreign currency translation adjustment | (0.1) | — | (0.1) | (0.2) | — | (0.2) | |||||||||||||||||||||||||||||
| Balance at end of year | $ | 156.3 | $ | 38.4 | $ | 194.7 | $ | 156.4 | $ | 38.4 | $ | 194.8 | |||||||||||||||||||||||
| June 25, 2025 | June 26, 2024 | ||||||||||||||||||||||||||||||||||
| Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | ||||||||||||||||||||||||||||||
| Definite-lived intangible assets | |||||||||||||||||||||||||||||||||||
Chili’s reacquired franchise rights | $ | 26.0 | $ | (18.6) | $ | 7.4 | $ | 26.0 | $ | (16.2) | $ | 9.8 | |||||||||||||||||||||||
| Chili’s other | 0.4 | (0.4) | — | 0.4 | (0.4) | — | |||||||||||||||||||||||||||||
| $ | 26.4 | $ | (19.0) | $ | 7.4 | $ | 26.4 | $ | (16.6) | $ | 9.8 | ||||||||||||||||||||||||
| Indefinite-lived intangible assets | |||||||||||||||||||||||||||||||||||
| Chili’s liquor licenses | $ | 9.2 | $ | 9.3 | |||||||||||||||||||||||||||||||
| Maggiano’s liquor licenses | 0.8 | 0.8 | |||||||||||||||||||||||||||||||||
| $ | 10.0 | $ | 10.1 | ||||||||||||||||||||||||||||||||
| Fiscal Years Ended | |||||||||||||||||
| June 25, 2025 | June 26, 2024 | June 28, 2023 | |||||||||||||||
| Definite-lived intangibles amortization expense | $ | 2.3 | $ | 3.0 | $ | 3.2 | |||||||||||
| Fiscal Year | Amortization Expense | ||||
| 2026 | $ | 2.1 | |||
| 2027 | 1.9 | ||||
| 2028 | 0.8 | ||||
| 2029 | 0.5 | ||||
| 2030 | 0.5 | ||||
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Aug 15, 2025 | Showing above |
| 2024 | Aug 21, 2024 | |
| 2023 | Aug 23, 2023 | |
| 2022 | Aug 26, 2022 | |
| 2021 | Aug 26, 2021 | |
| 2020 | Aug 24, 2020 | |
| 2019 | Aug 22, 2019 | |
| 2018 | Aug 27, 2018 | |
| 2017 | Aug 28, 2017 | |
| 2016 | Aug 29, 2016 | |
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.