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 and fees recognized (dollars in thousands):



	Sixteen Weeks Ended
	January 17, 2016			January 18, 2015
Restaurants sold to Jack in the Box franchisees	1			1
New restaurants opened by franchisees:
Jack in the Box	5			6
Qdoba	6			6

Initial franchise fees	$	385		$	375

Proceeds from the sale of company-operated restaurants (1)	$	1,021		$	1,174
Net assets sold (primarily property and equipment)	(193		)	(489		)
Goodwill related to the sale of company-operated restaurants	(10		)	(16		)
Other	—			181
Gains on the sale of company-operated restaurants	$	818		$	850

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(1)	Amounts in 2016 and 2015 include additional proceeds recognized upon the extension of the underlying franchise and lease agreements related to restaurants sold in a prior year of $1.0 million and $0.1 million, respectively.

Franchise acquisitions — In 2016, we acquired one Jack in the Box franchise restaurant, and in 2015, there was no acquisition activity. 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 2016 acquisition was not material to our accompanying condensed consolidated financial statements.