Reorganization and Realignment Costs (Tables)

12 Months Ended

Dec. 31, 2023

Restructuring Cost and Reserve

Restructuring and Related Costs

The following is a summary of the initiatives included in “Reorganization and realignment costs:”

	Year Ended
	2023		2022		2021
Organizational Redesign Plan	$	9,064	$	—	$	—
System optimization initiative	136		611		6,852
Other reorganization and realignment plans	—		87		1,696
Reorganization and realignment costs	$	9,200	$	698	$	8,548

Organizational Redesign

Restructuring Cost and Reserve

Restructuring and Related Costs

The following is a summary of the costs recorded as a result of the Organizational Redesign Plan:

	Year Ended
	2023
Severance and related employee costs	$	6,243
Recruitment and relocation costs	554
Third-party and other costs	996
	7,793
Share-based compensation (a)	1,271
Total organizational redesign	$	9,064

_______________

(a)Primarily represents the accelerated recognition of share-based compensation resulting from the termination of employees under the Organizational Redesign Plan.

Schedule of Restructuring Reserve by Type of Cost

The table below presents a rollforward of our accruals for the Organizational Redesign Plan, which are included in “Accrued expenses and other current liabilities” as of December 31, 2023.

	Balance January 1, 2023		Charges		Payments		Balance December 31, 2023
Severance and related employee costs	$	—	$	6,243	$	(4,551)	$	1,692
Recruitment and relocation costs	—		554		(554)		—
Third-party and other costs	—		996		(996)		—
	$	—	$	7,793	$	(6,101)	$	1,692

System Optimization Initiative

Restructuring Cost and Reserve

Restructuring and Related Costs

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

	Year Ended						Total Incurred Since Inception
	2023		2022		2021
Severance and related employee costs	$	—	$	4	$	661	$	18,902
Professional fees	3		395		1,570		24,075
Other (a)	73		145		1,765		7,836
	76		544		3,996		50,813
Accelerated depreciation and amortization (b)	—		—		—		25,398
NPC lease termination costs (c)	60		67		2,856		2,983
Share-based compensation (d)	—		—		—		5,013
Total system optimization initiative	$	136	$	611	$	6,852	$	84,207

_______________

(a)2021 includes transaction fees of $1,350 associated with the NPC bankruptcy sale process.

(b)Primarily includes accelerated amortization of previously acquired franchise rights related to the Company-operated restaurants in territories that have been sold to franchisees in connection with our system optimization initiative.

(c)2021 includes the write-off of lease assets of $1,376 and lease termination fees paid of $1,480.

(d)Represents incremental share-based compensation resulting from the modification of stock options and performance-based awards in connection with the termination of employees under our system optimization initiative.