XML 29 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
Summary Of Refranchisings, Franchisee Development And Acquisitions
4 Months Ended
Jan. 19, 2014
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 restaurants developed by franchisees and the related fees recognized, and additional proceeds recognized upon the extension of underlying franchise and lease agreements related to restaurants sold in a prior year (dollars in thousands):
 
Sixteen Weeks Ended
 
January 19,
2014
 
January 20,
2013
New restaurants opened by franchisees
13

 
20

Initial franchise fees
$
399

 
$
646

 
 
 
 
Net proceeds
$
468

 
$
833

Net assets sold (primarily property and equipment)

 
(85
)
Goodwill related to the sale of company-operated restaurants
(9
)
 

Other
2

 

Gains on the sale of company-operated restaurants
$
461

 
$
748


Franchise acquisitions — During 2014, we repurchased four Jack in the Box franchise restaurants. In 2013, we acquired six Qdoba franchise restaurants and 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 acquisitions in each period (dollars in thousands):
 
Sixteen Weeks Ended
 
January 19, 2014
 
January 20, 2013
Restaurants acquired from franchisees
4

 
7

 
 
 
 
Property and equipment
$
1,398

 
$
1,138

Reacquired franchise rights
96

 
96

Liabilities assumed

 
(95
)
Goodwill
256

 
6,661

Total consideration
$
1,750

 
$
7,800