Asset Disposals, Closure Costs and Restaurant Impairments (Notes)

6 Months Ended

Jun. 30, 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 two quarters ended June 30, 2015 and July 1, 2014 (in thousands):

	Fiscal Quarter Ended				Two Fiscal Quarters Ended
	June 30, 2015		July 1, 2014		June 30, 2015		July 1, 2014
Restaurant impairments (1)	$	31	$	—	$	5,944	$	5
Loss on disposal of assets	187		146		321		281
Closure costs and other (1)	32		47		71		122
	$	250	$	193	$	6,336	$	408

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(1) Restaurant impairments and closure costs can include expenditures related to restaurants previously impaired or closed.

During the first two quarters of 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.