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Asset Disposals, Closure Costs and Restaurant Impairments (Notes)
 9 Months Ended
Sep. 29, 2015
Property, Plant and Equipment Impairment or Disposal [Abstract]  
Restaurant Impairments, Asset Disposals and Closure Costs
Restaurant Impairment, Asset Disposals and Closure Costs
The following table presents restaurant impairment, asset disposals and closure costs for the third quarters of 2015 and 2014 and first three quarters ended September 29, 2015 and September 30, 2014 (in thousands):
 
Fiscal Quarter Ended
 
Three Fiscal Quarters Ended
 
September 29,
2015
 
September 30,
2014
 
September 29,
2015
 
September 30,
2014
Restaurant impairments (1)
$
16,213

 
$
12

 
$
22,157

 
$
16

Loss on disposal of assets
204

 
141

 
524

 
421

Closure costs and other (1)
62

 
98

 
134

 
221

 
$
16,479

 
$
251

 
$
22,815

 
$
658


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


8. Restaurant Impairment, Asset Disposals and Closure Costs (continued)
During the third quarter of 2015 and the first three quarters of 2015, the Company recognized restaurant impairment expense of $16.2 million and $22.2 million, respectively, primarily related to management's current assessment of the expected future cash flows of various restaurants based on recent results. During the first quarter of 2015 and the third quarter of 2015, eight and 25 restaurants, respectively, were identified as impaired. Ten of the 25 restaurants impaired in the third quarter of 2015 are expected to be closed by the end of 2015. See Note 13-Subsequent Events. 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.