Good Times Restaurants Inc. Goodwill & Intangibles Disclosure
2. Goodwill and Intangible Assets
The following table presents goodwill and intangible assets as of September 30, 2025 and September 24, 2024 (in thousands):
| September 30, 2025 | September 24, 2024 | |||||||||||||||||||||||
| Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | |||||||||||||||||||
| Indefinite-lived intangible assets: | ||||||||||||||||||||||||
| Trademarks | $ | 3,900 | $ | $ | 3,900 | $ | 3,900 | $ | $ | 3,900 | ||||||||||||||
| Goodwill | $ | 5,713 | $ | $ | 5,713 | $ | 5,713 | $ | $ | 5,713 | ||||||||||||||
There were impairments to goodwill or intangible assets during the fiscal years ended September 30, 2025 and September 24, 2024.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Dec 29, 2025 | Showing above |
| 2024 | Dec 12, 2024 | |
| 2023 | Dec 14, 2023 | |
| 2022 | Dec 15, 2022 | |
| 2021 | Dec 16, 2021 | |
| 2020 | Dec 18, 2020 | |
| 2019 | Dec 20, 2019 | |
| 2018 | Dec 14, 2018 | |
| 2017 | Dec 22, 2017 | |
| 2016 | Dec 27, 2016 | |
| 2015 | Dec 29, 2015 | |
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.