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Summary Of Refranchisings, Franchisee Development And Acquisitions
 9 Months Ended
Jul. 08, 2012
Summary Of Refranchisings, Franchisee Development And Acquisitions [Abstract]  
Summary Of Refranchisings, Franchisee Development And Acquisitions
SUMMARY OF REFRANCHISINGS, FRANCHISE DEVELOPMENT AND ACQUISITIONS
Refranchisings and franchise development — The following is a summary of the number of Jack in the Box restaurants sold to franchisees, the number of restaurants developed by franchisees and the related gains and fees recognized (dollars in thousands):
 
Quarter
 
Year-to-Date
 
July 8,
2012
 
July 10,
2011
 
July 8,
2012
 
July 10,
2011
Restaurants sold to franchisees
18

 
112

 
55

 
226

New restaurants opened by franchisees
7

 
12

 
36

 
40

 
 
 
 
 
 
 
 
Initial franchise fees
$
933

 
$
5,130

 
$
3,423

 
$
11,009

 
 
 
 
 
 
 
 
Proceeds from the sale of company-operated restaurants (1)
$
7,289

 
$
27,327

 
$
29,253

 
$
76,915

Net assets sold (primarily property and equipment)
(2,586
)
 
(16,372
)
 
(8,419
)
 
(36,244
)
Goodwill related to the sale of company-operated restaurants
(199
)
 
(556
)
 
(851
)
 
(1,522
)
Other
(771
)
 
(209
)
 
(1,050
)
 
(209
)
Gains on the sale of company-operated restaurants
$
3,733

 
$
10,190

 
$
18,933

 
$
38,940

____________________________
(1)
Amounts in 2012 include additional proceeds of $0.2 million in the quarter and $2.3 million year-to-date recognized upon the extension of the underlying franchise and lease agreements related to restaurants sold in a prior year.
Franchise acquisitions — During fiscal 2012 and 2011, we acquired Qdoba franchise restaurants in select markets where we believe there is continued opportunity for restaurant development. We account for the acquisition of franchised restaurants using the acquisition method of accounting for business combinations. The purchase price allocations were based on fair value estimates determined using significant unobservable inputs (Level 3). The goodwill recorded primarily relates to the sales growth potential of the markets acquired. The following table provides detail of the combined allocations in each period (dollars in thousands):
 
Year-to-Date
 
July 8,
2012
 
July 10, 2011
Restaurants acquired from franchisees
45

 
24

Property and equipment
$
12,330

 
$
4,858

Reacquired franchise rights
604

 
280

Liabilities assumed
(121
)
 
(74
)
Goodwill
35,449

 
17,439

Gain on the acquisition of franchise-operated restaurants
—

 
(426
)
Total consideration
$
48,262

 
$
22,077