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Summary Of Refranchisings, Franchisee Development And Acquisitions (Tables)
9 Months Ended
Jul. 09, 2017
Summary Of Refranchisings, Franchisee Development And Acquisitions [Abstract]  
Number Of Restaurants Sold And Developed By Franchisees And Related Gains And Fees Recognized
The following table summarizes the number of restaurants as of the end of each period:
 
July 9,
2017
 
July 3,
2016
Jack in the Box:
 
 
 
Company-operated
340

 
415

Franchise
1,915

 
1,839

Total system
2,255

 
2,254

Qdoba:
 
 
 
Company-operated
381

 
344

Franchise
339

 
344

Total system
720

 
688

The following table summarizes the number of restaurants sold to franchisees, the number of restaurants developed by franchisees, and the related fees and gains recognized in each period (dollars in thousands):
 
Quarter
 
Year-to-date
 
July 9,
2017
 
July 3,
2016
 
July 9,
2017
 
July 3,
2016
Restaurants sold to Jack in the Box franchisees
58

 

 
118

 
1

New restaurants opened by franchisees:
 
 
 
 
 
 
 
Jack in the Box
2

 
4

 
15

 
9

Qdoba
1

 
1

 
13

 
11

 
 
 
 
 
 
 
 
Initial franchise fees
$
2,352

 
$
205

 
$
5,354

 
$
710

 
 
 
 
 
 
 
 
Proceeds from the sale of company-operated restaurants (1)
$
31,534

 
$
413

 
$
62,923

 
$
1,434

Net assets sold (primarily property and equipment)
(9,532
)
 

 
(19,838
)
 
(196
)
Lease commitment charges (2)
(3,203
)
 

 
(10,854
)
 

Goodwill related to the sale of company-operated restaurants
(4,453
)
 
(5
)
 
(4,795
)
 
(15
)
Other (3)
(1,096
)
 
1

 
(6,270
)
 
1

Gains on the sale of company-operated restaurants
$
13,250

 
$
409

 
$
21,166

 
$
1,224


____________________________
(1)
Amounts in 2017 include additional proceeds of $0.1 million year-to-date, and none in the quarter, related to restaurants sold in a prior year. Amounts in 2016 include additional proceeds of $0.4 million and $1.4 million in the quarter and year-to-date, respectively, related to the extension of the underlying franchise and lease agreements from the sale of restaurants in prior years.
(2)
Charges are for operating restaurant leases with lease commitments in excess of our sublease rental income.
(3)
Amounts in year-to-date 2017 primarily represent impairment of $3.2 million and equipment write-offs of $1.4 million related to restaurants closed in connection with the sale of the related markets. In the 2017 quarter, amounts primarily represent maintenance and repair charges related to the sales. As of July 9, 2017, there was $8.8 million of property related to these closed restaurants classified as assets held for sale on our condensed consolidated balance sheet.
Schedule of Assets Acquired and Liabilities Assumed
The following table provides detail of the acquisitions in each period (dollars in thousands):
 
Quarter
 
Year-to-date
 
July 9,
2017
 
July 3,
2016
 
July 9,
2017
 
July 3,
2016
Restaurants acquired from franchisees
31

 

 
50

 
1

 
 
 
 
 
 
 
 
Goodwill (gain on bargain purchase)
$
1,891

 
$

 
$
11,712

 
$
(289
)
Intangible assets
793

 

 
1,260

 
37

Inventory
189

 

 
189

 

Property and equipment

 

 
2,238

 
58

Cash

 

 

 
324

Liabilities assumed
(302
)
 

 
(1,116
)
 

Total consideration
$
2,571

 
$

 
$
14,283

 
$
130