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OTHER GAINS AND CHARGES
 12 Months Ended
Jun. 24, 2020
Other Gains and Charges [Abstract]  
OTHER GAINS AND CHARGES
Other (gains) and charges in the Consolidated Statements of Comprehensive Income consist of the following:
 
Fiscal Years Ended
 
June 24, 2020
 
June 26, 2019
 
June 27, 2018
Restaurant impairment charges
$
19.1

 
$
10.8

 
$
10.9

COVID-19 related charges, net of (credits)
12.2

 
—

 
—

Restaurant closure charges
3.8

 
4.3

 
7.5

Remodel-related costs
3.2

 
7.7

 
1.5

Severance and other benefit charges
3.2

 
0.9

 
0.3

Corporate headquarters relocation charges
1.1

 
6.3

 
1.9

Property damages, net of (insurance recoveries)
(0.7
)
 
(0.7
)
 
5.1

Loss (gain) on sale of assets, net
(0.2
)
 
(6.9
)
 
(0.3
)
Sale leaseback (gain), net of transaction charges
—

 
(27.3
)
 
2.0

Other
5.7

 
0.4

 
5.6

 
$
47.4

 
$
(4.5
)
 
$
34.5


Fiscal 2020
•
Restaurant impairment charges primarily consisted of the long-lived assets of 25 underperforming Chili’s and 3 underperforming Maggiano’s restaurants, which included the $14.5 million impaired during the fourth quarter of fiscal 2020 during the COVID-19 pandemic related to 18 underperforming Chili’s and 3 underperforming Maggiano’s restaurants. Refer to Note 2 - Novel Coronavirus Pandemic and Note 16 - Fair Value Measurements for more information.
•
COVID-19 related charges, net of (credits) that included the employee retention credit, were recorded related to the initial impact and our efforts to address the COVID-19 pandemic beginning in the third quarter of fiscal 2020. Refer to Note 2 - Novel Coronavirus Pandemic for further details.
•
Restaurant closure charges primarily consisted of Chili’s lease termination charges and certain Chili’s restaurant closure costs.
•
Remodel-related costs were recorded related to existing fixed asset write-offs associated with the Chili’s remodel project.
•
Severance and other benefit charges primarily consisted of $2.7 million of expenses incurred for a corporate reorganization related to the elimination of 44 corporate positions to align and support our current operating model in the fourth quarter of fiscal 2020.
•
Corporate headquarters relocation charges were recorded related to costs associated with the previous corporate headquarters location.
•
Property damages, net of (insurance recoveries) primarily consisted of proceeds related to a previously filed fire claim, partially offset by costs incurred for damages from Tropical Storm Imelda.
•
Loss (gain) on sale of assets, net primarily consisted of gain on sale of liquor licenses of closed restaurants.
Fiscal 2019
•
Restaurant impairment charges primarily consisted of the long-lived assets of 11 underperforming Chili’s restaurants.
•
Restaurant closure charges primarily consisted of Chili’s lease termination charges and certain Chili’s restaurant closure costs.
•
Remodel-related costs were recorded related to existing fixed asset write-offs associated with the Chili’s remodel project.
•
Severance and other benefit charges primarily consisted of the restructuring of certain Maggiano’s back-office positions.
•
Corporate headquarters relocation charges primarily consisted of costs associated with the previous corporate headquarters location and accelerated depreciation on certain leasehold improvements associated with the leased portion of our previous corporate headquarters property which closed in the third quarter of fiscal 2019.
•
Property damages, net of (insurance recoveries) primarily consisted of insurance proceeds received related to a previously filed fire claim and final proceeds received from the Hurricane Harvey claim, partially offset by expenses associated with storm damages at certain restaurant locations.
•
Loss (gain) on sale of assets, net primarily consisted of $5.8 million for the net gain recognized on the sale of the owned-portion of our previous corporate headquarters building and $0.8 million of gain recognized on the sale of land in Scottsdale, AZ and Pensacola, FL.
•
Sale leaseback (gain), net of transaction charges were recorded related to the fiscal 2019 sale leaseback transactions, refer to Note 4 - Leases for further details on this transaction.
Fiscal 2018
•
Restaurant impairment charges primarily consisted of charges of $7.2 million recorded in the first quarter of fiscal 2018 associated with the closure of nine Alberta, Canada Chili’s restaurants in the second quarter of fiscal 2018 due to an economic recession primarily related to lower oil production. The decision to close these restaurants was driven by management’s belief that the long-term profitability of these restaurants would not meet our required level of return. Additionally, during fiscal 2018, we recorded Restaurant impairment charges of $3.7 million primarily related to the long-lived assets and reacquired franchise rights of certain underperforming Maggiano’s and Chili’s restaurants that will continue to operate.
•
Restaurant closure charges primarily consisted of expenses of $4.6 million associated with the Canada closures and related lease termination charges. We also recorded $1.8 million in lease termination expenses related to locations where we are the primary lessee of leases that were sublet to the Macaroni Grill, a divested brand, currently in bankruptcy proceedings, that discontinued sublease rental payments and closed the restaurants. Additionally, we recorded Restaurant closure charges of $1.1 million primarily related to lease termination charges and closure costs associated with Chili’s restaurants closed during fiscal 2018.
•
Remodel-related costs were recorded related to existing fixed asset write-offs associated with the Chili’s remodel project.
•
Corporate headquarters relocation charges primarily consisted of accelerated depreciation on certain leasehold improvements associated with the leased portion of our previous corporate headquarters property which closed in the third quarter of fiscal 2019.
•
Property damages, net of (insurance recoveries) primarily consisted of incurred expenses associated with Hurricanes Harvey and Irma primarily related to employee relief payments and inventory spoilage, net of insurance proceeds related to certain Hurricane Harvey property damage claims. Also in fiscal 2018, we received property damage insurance proceeds of $0.5 million related to natural flooding in Louisiana that were recorded within Other (gains) and charges in the Consolidated Statements of Comprehensive Income. Additionally, we received business interruption funds of $0.4 million related to the Louisiana flooding from insurers that are recorded within Restaurant expenses in the Consolidated Statements of Comprehensive Income.
•
Loss (gain) on sale of assets, net primarily consisted of the gain on sale of our Mexico joint venture. Refer to Note 6 - Equity Method Investment for more information.
•
Sale leaseback (gain), net of transaction charges primarily consisted of professional service fees for brokers, legal, due diligence and other professional services firms in connection with the marketing of sale-leaseback transactions of certain Company-owned restaurant properties.