The carrying amount and accumulated amortization of trademarks and other intangible assets as of December 31, 2013 and January 1, 2013, were as follows (in thousands):

 

		Gross Amount				Accumulated Amortization				Net Amount
Intangible Assets
As of December 31, 2013
Favorable leases		$	1,971			$	(1,965	)		$	6
Trademarks			716				—				716
Franchise agreements and customer lists			1,059				(474	)			585
Reacquired franchise rights			275				(265	)			10
Total		$	4,021			$	(2,704	)		$	1,317

 

		Gross Amount				Accumulated Amortization				Net Amount
As of January 1, 2013
Favorable leases		$	2,051			$	(2,015	)		$	36
Trademarks			608				—				608
Franchise agreements and customer lists			1,100				(364	)			736
Reacquired franchise rights			325				(293	)			32
Total		$	4,084			$	(2,672	)		$	1,412

Intangible assets are amortized over their expected useful lives. Amortization expense for intangible assets for fiscal 2013, fiscal 2012 and fiscal 2011 was $0.1 million, $0.2 million and $0.3 million, respectively. Expected annual amortization expense for intangible assets recorded as of December 31, 2013 is as follows (in thousands):

 

Fiscal Year		Amortization Expense
2014		$	104
2015			98
2016			96
2017			94
2018			94
Thereafter			115

Trademarks are not subject to amortization and the Company evaluates for impairment on an annual basis during the fourth quarter or more frequently if events or changes in circumstances indicate that the asset might be impaired. There was no impairment charge for trademarks in fiscal 2013 and fiscal 2012. As of December 31, 2013 and January 1, 2013, the Company had trademarks of approximately $0.7 million and $0.6 million, respectively.