SUMMARY OF REFRANCHISINGS, FRANCHISEE DEVELOPMENT AND ACQUISITIONS

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



	2014			2013			2012
Restaurants sold to franchisees	37			81			97
New restaurants opened by franchisees	33			45			50
Initial franchise fees	$	1,886		$	4,017		$	5,535
Proceeds from the sale of company-operated restaurants:
Cash (1)	$	10,536		$	30,619		$	47,115
Notes receivable	—			—			1,200
	10,536			30,619			48,315
Net assets sold (primarily property and equipment)	(5,558		)	(15,680		)	(16,833		)
Goodwill related to the sale of company-operated restaurants	(170		)	(629		)	(1,334		)
Other (2)	(6,500		)	(9,670		)	(1,003		)
Gains (losses) on the sale of company-operated restaurants	(1,692		)	4,640			29,145
Loss on anticipated sale of a Jack in the Box company-operated market	(1,856		)	—			—
Gains (losses) on the sale of company-operated restaurants	$	(3,548	)	$	4,640		$	29,145

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(1)	Amounts in 2014, 2013 and 2012 include additional proceeds of $2.1 million, $3.3 million and $2.3 million, respectively, recognized upon the extension of the underlying franchise and lease agreements related to restaurants sold in a prior year.


(2)	Amounts in all years presented primarily represent impairment and lease commitment charges related to restaurants closed in connection with the sale of the related markets, and in 2014 and 2013, charges for operating restaurant leases with lease commitments in excess of our sublease rental income.

In 2014, loss on anticipated sale of a Jack in the Box company-operated market relates to restaurants held for sale for which we have a signed letter of intent.

Franchise acquisitions — We repurchased four Jack in the Box franchise restaurants in 2014 and one in 2013. In 2013 and 2012, we acquired 13 and 46 Qdoba franchise restaurants, respectively. 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 and is expected to be deductible for income tax purposes. The following table provides detail of the combined acquisitions in each year (dollars in thousands):



	2014		2013			2012
Restaurants acquired from franchisees	4		14			46

Property and equipment	$	1,398	$	3,030		$	12,379
Reacquired franchise rights	96		148			604
Goodwill	256		9,169			36,084
Liabilities assumed	—		(283		)	(122		)
Total consideration	$	1,750	$	12,064		$	48,945