Quarterly report pursuant to Section 13 or 15(d)

Long-Lived Assets (Tables)

v3.21.2
Long-Lived Assets (Tables)
9 Months Ended
Sep. 30, 2021
Long-Lived Assets [Abstract]  
Schedule of Impaired Intangible Assets
The following table details impairment charges related to intangible assets recorded in the second quarter of 2020:

Intangible Asset Book Value Impairment Charges Adjusted Fair Value
Owned hotel reporting unit goodwill $ 14  $ (14) $ — 
La Quinta trademark 710  (155) 555 
Other trademarks (a)
103  (36) 67 
Total $ 827  $ (205) $ 622 
_____________________
(a)    Represents the impairments of three of the Company’s trademarks
Schedule of Intangible Assets and Goodwill
Intangible assets as of September 30, 2021 and December 31, 2020 consisted of the following:
September 30, 2021 December 31, 2020
Gross
Carrying
Amount
Accumulated
Impairment
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Impairment
Net
Carrying
Amount
Goodwill
$ 1,539  $ 14  $ 1,525  $ 1,539  $ 14  $ 1,525 
September 30, 2021 December 31, 2020
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Unamortized intangible assets:
Trademarks $ 1,201  $ 1,202 
Amortized intangible assets:
Franchise agreements $ 895  $ 507  $ 388  $ 895  $ 487  $ 408 
Management agreements 136  40  96  136  33  103 
Trademarks
Other
—  — 
$ 1,034  $ 549  $ 485  $ 1,034  $ 521  $ 513