Fair Value Measurements (Going Concern Basis) (Tables)

4 Months Ended

Dec. 16, 2020

Non-recurring fair value measurements related to impaired operating lease right-of-use assets and property held for sale for the quarter ended December 18, 2019 consisted of the following:


			Fair Value Measurement Using
	December 18, 2019		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Impairments(3)
Nonrecurring Fair Value Measurements			(In thousands)
Continuing Operations
Property held for sale (1)	$	4,661	$	—	$	—	$	4,661	$	(19)

Operating lease right-of-use assets (2)	—		—		—		—		(488)

Total Nonrecurring Fair Value Measurements	$	4,661	$	—	$	—	$	4,661	$	(507)

(1) In accordance with Subtopic 360-10, long-lived assets held for sale with a carrying value of approximately $4.7 million were written down to their fair value, less costs to sell, of approximately $4.7 million, resulting in an impairment charge of approximately $19 thousand.

(2) In accordance with Subtopic 360-10, operating lease right-of-use assets with a carrying amount of approximately $0.5 million were written down to their fair value of zero, resulting in an impairment charge of approximately $0.5 million.

(3) Total impairments are included in provision for asset impairments and restaurant closings in our unaudited consolidated statement of operations for the quarter ended December 18, 2019.