SUMMARY OF REFRANCHISINGS, FRANCHISEE DEVELOPMENT AND ACQUISITIONS

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



	Quarter						Year-to-date
	July 5, 2015			July 6, 2014			July 5, 2015			July 6, 2014
Restaurants sold to Jack in the Box franchisees	—			—			21			14
New restaurants opened by franchisees:
Jack in the Box	1			3			12			10
Qdoba	4			5			15			17

Initial franchise fees	$	130		$	207		$	1,113		$	1,361

Proceeds from the sale of company-operated restaurants (1)	$	21		$	357		$	2,651		$	8,199
Net assets sold (primarily property and equipment)	(204		)	(7		)	(2,638		)	(2,247		)
Goodwill related to the sale of company-operated restaurants	—			(5		)	(32		)	(134		)
Other (2)	—			1			(4,334		)	(139		)
(Losses) gains on the sale of company-operated restaurants	$	(183	)	$	346		$	(4,353	)	$	5,679

Losses on expected sale of Jack in the Box company-operated markets (3)	—			(322		)	—			(3,437		)

Total (losses) gains on the sale of company-operated restaurants	$	(183	)	$	24		$	(4,353	)	$	2,242

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(1)	Amounts in 2015 and 2014 include additional proceeds recognized upon the extension of the underlying franchise and lease agreements related to restaurants sold in a prior year of $0.1 million and $0.4 million, respectively, in the quarter, and $0.2 million and $1.5 million, respectively, year-to-date.


(2)	Amounts in 2015 include lease commitment charges related to restaurants closed in connection with the sale of the related market, and charges for operating restaurant leases with lease commitments in excess of our sublease rental income.


(3)	Amounts in 2014 relate to losses on the expected sale of approximately 43 company-operated restaurants in three Jack in the Box markets sold in the fourth quarter of 2014 and the second quarter of 2015.

Franchise acquisitions — In 2015, we acquired seven Jack in the Box franchise restaurants in two markets, and during 2014, we repurchased four Jack in the Box franchise restaurants in another market. 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). Acquisitions were not material to our condensed consolidated financial statements in either year.