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 (losses) and fees recognized (dollars in thousands):



	Quarter						Year-to-Date
	July 7, 2013			July 8, 2012			July 7, 2013			July 8, 2012
Restaurants sold to franchisees	18			18			22			55
New restaurants opened by franchisees	6			7			35			36

Initial franchise fees	$	1,005		$	933		$	2,040		$	3,423

Proceeds from the sale of company-operated restaurants (1)	$	5,549		$	7,289		$	8,415		$	29,253
Net assets sold (primarily property and equipment)	(3,554		)	(2,586		)	(5,274		)	(8,419		)
Goodwill related to the sale of company-operated restaurants	(129		)	(199		)	(196		)	(851		)
Other (2)	(2,292		)	(771		)	(2,292		)	(1,050		)
Gains (losses) on the sale of company-operated restaurants	(426		)	3,733			653			18,933

Loss on anticipated sale of Jack in the Box company-operated market	—			—			(2,749		)	—
Loss on anticipated sale of Qdoba company-operated market	(1,083		)	—			(1,083		)	—
Total gains (losses) on the sale of company-operated restaurants	$	(1,509	)	$	3,733		$	(3,179	)	$	18,933

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(1)	Amounts in 2013 and 2012 include additional proceeds recognized upon the extension of the underlying franchise and lease agreements related to restaurants sold in a prior year of $0.8 million and $0.2 million, respectively, in the quarter and $1.9 million and $2.3 million, respectively, year-to-date.


(2)	Amounts in both years primarily represent impairment and lease commitment charges related to restaurants closed in connection with the sale of the related market.

Franchise acquisitions — During 2013 and 2012, we acquired 12 and 45 Qdoba franchise restaurants, respectively, in select markets where we believe there is continued opportunity for restaurant development. Additionally, in 2013 we exercised our right of first refusal and acquired one Jack in the Box franchise restaurant. 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 locations acquired and is expected to be deductible for tax purposes. The following table provides detail of the combined allocations in each year-to-date period (dollars in thousands):



	July 7, 2013									July 8, 2012
	Qdoba			Jack in the Box			Total			Qdoba
Restaurants acquired from franchisees	12			1			13			45

Property and equipment	$	2,632		$	145		$	2,777		$	12,330
Reacquired franchise rights	106			34			140			604
Liabilities assumed	(281		)	(2		)	(283		)	(121		)
Goodwill	7,207			1,173			8,380			35,449
Total consideration	$	9,664		$	1,350		$	11,014		$	48,262