Acquisitions

During 2018 and 2016, the Company acquired 16 restaurants and two restaurants from franchisees, respectively. The Company did not incur any material acquisition-related costs associated with the acquisitions and such transactions were not significant to our consolidated financial statements. The table below presents the allocation of the total purchase price to the fair value of assets acquired and liabilities assumed for restaurants acquired from franchisees:



	Year Ended
	2018			2017		2016
Restaurants acquired from franchisees	16			—		2

Total consideration paid, net of cash received	$	21,401		$	—	$	2,209
Identifiable assets acquired and liabilities assumed:
Properties	4,363			—		2,218
Acquired franchise rights	10,127			—		—
Capital lease assets	5,360			—		—
Other assets	621			—		9
Capital leases obligations	(3,135		)	—		—
Unfavorable leases	(733		)	—		—
Other liabilities	(2,240		)	—		(18		)
Total identifiable net assets	14,363			—		2,209
Goodwill	$	7,038		$	—	$	—

On May 31, 2017, the Company also entered into the DavCo and NPC Transactions. See Note 3 for further information.