SUMMARY OF REFRANCHISINGS, FRANCHISEE DEVELOPMENT AND ACQUISITIONS

Refranchisings and franchisee development — The following table summarizes the number of restaurants sold to franchisees, the number of restaurants developed by franchisees and the related (losses) gains and fees recognized in each fiscal year (dollars in thousands):



	2015			2014			2013
Restaurants sold to franchisees	21			37			81
New restaurants opened by franchisees	38			33			45
Initial franchise fees	$	1,453		$	1,886		$	4,017

Proceeds from the sale of company-operated restaurants (1)	$	3,951		$	10,536		$	30,619
Net assets sold (primarily property and equipment)	(4,283		)	(5,558		)	(15,680		)
Goodwill related to the sale of company-operated restaurants	(47		)	(170		)	(629		)
Other (2)	(2,760		)	(6,500		)	(9,670		)
(Losses) gains on the sale of company-operated restaurants	(3,139		)	(1,692		)	4,640
Loss on anticipated sale of a Jack in the Box company-operated market (3)	—			(1,856		)	—
(Losses) gains on the sale of company-operated restaurants	$	(3,139	)	$	(3,548	)	$	4,640

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(1)	Amounts in 2015, 2014 and 2013 include additional proceeds of $1.5 million, $2.1 million and $3.3 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 charges for operating restaurant leases with lease commitments in excess of our sublease rental income.


(3)	In 2014, the loss on the anticipated sale of a Jack in the Box market relates to 25 company-operated restaurants of which we sold 20, and closed the remaining five, in the second quarter of fiscal 2015.

Franchise acquisitions — We acquired seven, four and one Jack in the Box franchise restaurants in 2015, 2014 and 2013, respectively, and in 2013, we acquired 13 Qdoba franchise restaurants. 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 fiscal year (dollars in thousands):



	2015			2014		2013
Restaurants acquired from franchisees	7			4		14

Property and equipment	$	646		$	1,398	$	3,030
Reacquired franchise rights	—			96		148
Goodwill	—			256		9,169
Gains on the acquisition of franchise-operated restaurants	(33		)	—		—
Liabilities assumed	(613		)	—		(283		)
Total consideration	$	—		$	1,750	$	12,064