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System Optimization Gains, Net (Tables)
 3 Months Ended
Mar. 29, 2020
System optimization gains, net  
Summary of Disposition Activity
The following is a summary of the disposition activity recorded as a result of our system optimization initiative:
 
Three Months Ended
 
March 29,
2020
 
March 31,
2019
Post-closing adjustments on sales of restaurants (a)
$
345

 
$
(8
)
(Loss) gain on sales of other assets, net (b)
(22
)
 
20

System optimization gains, net
$
323

 
$
12

_______________

(a)
The three months ended March 29, 2020 represents the recognition of deferred gains as a result of the resolution of certain contingencies related to the extension of lease terms for restaurants previously sold to franchisees.

(b)
During the three months ended March 29, 2020, the Company received cash proceeds of $195 primarily from the sale of surplus properties
Assets Held for Sale
 
March 29,
2020
 
December 29,
2019
Number of restaurants classified as held for sale
43

 
—

Net restaurant assets held for sale (a)
$
20,278

 
$
—

Other assets held for sale (b)
$
1,804

 
$
1,437

_______________

(a)
Net restaurant assets held for sale include the New York Company-operated restaurants we expect to sell during the next twelve months and consist primarily of cash, inventory, property and an estimate of allocable goodwill.

(b)
Other assets held for sale primarily consist of surplus properties.