Asset Disposals, Closure Costs and Restaurant Impairments (Notes)

3 Months Ended

Mar. 31, 2015

Property, Plant and Equipment Impairment or Disposal [Abstract]

Restaurant Impairments, Asset Disposals and Closure Costs

Restaurant Impairments, Asset Disposals and Closure Costs

The following table presents restaurant impairments, asset disposals and closure costs for the first quarter ended March 31, 2015 and April 1, 2014 (in thousands):

	Fiscal Quarter Ended
	March 31, 2015		April 1, 2014
Restaurant impairments	$	5,913	$	—
Loss on disposal of assets	134		134
Closure costs and other	39		80
	$	6,086	$	214

During the quarter ended March 31, 2015, the Company recognized restaurant impairment expense of $5.9 million, primarily related to management's current assessment of the expected future cash flows at eight restaurants, based on recent results. Impairment expense is a Level 3 fair value measure and was determined by comparing the carrying value of restaurant assets to the estimated fair market value, which is based on projected cash flows. Fair value is generally determined based on appraisals or sales prices of comparable assets and estimates of future cash flows. These expenses are included in the "Restaurant impairment, asset disposals and closure costs" line in the Consolidated Statements of Income.