System Optimization Gains, Net (Tables)

9 Months Ended

Sep. 29, 2019

The following is a summary of the disposition activity recorded as a result of our system optimization initiative:



	Three Months Ended				Nine Months Ended
	September 29, 2019		September 30, 2018		September 29, 2019		September 30, 2018
Gain on sale of restaurants, net (a)	$	—	$	—	$	—	$	89
Post-closing adjustments on sales of restaurants (b)	1,033		279		1,087		54
Gain (loss) on sales of other assets, net (c)	7		207		75		(135		)
System optimization gains, net	$	1,040	$	486	$	1,162	$	8

_______________


(a)	During the nine months ended September 30, 2018, the Company received cash proceeds of $1,436 from the sale of three Company-operated restaurants. The value of the net assets that were included in the sale totaled $1,139 and consisted primarily of equipment. In addition, goodwill of $208 was written off in connection with the sale.


(b)	The three and nine months ended September 29, 2019 and September 30, 2018 include the recognition of deferred gains of $911 and $503, respectively, as a result of the resolution of certain contingencies related to the extension of lease terms for restaurants previously sold to franchisees. The nine months ended September 30, 2018 also includes cash proceeds, net of payments of $6.

(c)

During the three and nine months ended September 29, 2019, the Company received cash proceeds of $798 and $2,038, respectively, and during the three and nine months ended September 30, 2018 received cash proceeds of $1,049 and $1,421, respectively, primarily from the sale of surplus properties