System Optimization Gains, Net (Tables)

9 Months Ended

Sep. 27, 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				Nine Months Ended
	September 27, 2020		September 29, 2019		September 27, 2020		September 29, 2019
Post-closing adjustments on sales of restaurants (a)	$	23	$	1,033	$	368	$	1,087
Gain on sales of other assets, net (b)	—		7		1,965		75
System optimization gains, net	$	23	$	1,040	$	2,333	$	1,162

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(a)The three and nine months ended September 27, 2020 represent 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. The three and nine months ended September 29, 2019 include the recognition of such deferred gains of $911.

(b)During the nine months ended September 27, 2020, the Company received net cash proceeds of $3,570, and during the three and nine months ended September 29, 2019, received cash proceeds of $798 and $2,038, respectively, primarily from the sale of surplus and other properties.

Assets Held for Sale

	September 27, 2020		December 29, 2019
Number of restaurants classified as held for sale	43		—
Net restaurant assets held for sale (a)	$	20,178	$	—
Other assets held for sale (b)	$	2,817	$	1,437

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(a)Net restaurant assets held for sale include the New York Company-operated restaurants we expect to sell in the first quarter of 2021 and consist primarily of cash, inventory, property and an estimate of allocable goodwill.

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