SUMMARY OF REFRANCHISINGS, FRANCHISE DEVELOPMENT AND ACQUISITIONS

Refranchisings and franchise development — The following is a summary of the number of restaurants sold to franchisees, number of restaurants developed by franchisees and the related gains and fees recognized (dollars in thousands):



	Quarter						Year-to-Date
	April 13, 2014			April 14, 2013			April 13, 2014			April 14, 2013
Restaurants sold to franchisees	14			4			14			4
New restaurants opened by franchisees	6			9			19			29

Initial franchise fees	$	755		$	389		$	1,154		$	1,035

Net proceeds (1)	$	7,374		$	2,033		$	7,842		$	2,866
Net assets sold (primarily property and equipment)	(2,240		)	(1,635		)	(2,240		)	(1,720		)
Goodwill related to the sale of company-operated restaurants	(120		)	(67		)	(129		)	(67		)
Other	(142		)	—			(140		)	—
Gains on the sale of company-operated restaurants	4,872			331			5,333			1,079

Losses on anticipated sale of Jack in the Box company-operated markets	(3,115		)	(2,749		)	(3,115		)	(2,749		)

Total gains (losses) on the sale of company-operated restaurants	$	1,757		$	(2,418	)	$	2,218		$	(1,670	)

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(1)	Amounts in 2014 and 2013 include additional proceeds recognized upon the extension of the underlying franchise and lease agreements related to restaurants sold in a prior year of $0.7 million and $0.2 million, respectively, in the quarter and $1.2 million and $1.0 million, respectively, year-to-date.

Franchise acquisitions — During 2014, we repurchased four Jack in the Box franchise restaurants. In 2013, we acquired twelve 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 year-to-date period (dollars in thousands):



	April 13, 2014		April 14, 2013
	Jack in the Box		Qdoba			Jack in the Box			Total
Restaurants acquired from franchisees	4		12			1			13

Property and equipment	$	1,398	$	2,632		$	145		$	2,777
Reacquired franchise rights	96		106			34			140
Liabilities assumed	—		(281		)	(2		)	(283		)
Goodwill	256		7,207			1,173			8,380
Total consideration	$	1,750	$	9,664		$	1,350		$	11,014