Discontinued Operations (Tables)

4 Months Ended

Jan. 19, 2020

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The following table presents Qdoba’s results of operations in periods which have been included in discontinued operations (in thousands, except per share data):

	Sixteen Weeks Ended
	January 20, 2019
Selling, general and administrative expenses	$	(302)
Loss on Qdoba Sale	85
Earnings from discontinued operations before income taxes	217
Income tax benefit (1)	2,760
Earnings from discontinued operations, net of income taxes	$	2,977
Basic and diluted earnings per share from discontinued operations:	$	0.11

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(1)In fiscal 2019, the Company entered into a bilateral California election with Quidditch Acquisition, Inc. to retroactively treat the divestment of Qdoba Restaurant Corporation on March 21, 2018 as a sale of assets instead of a stock sale for income tax purposes. This election reduced the Company’s fiscal year 2018 California tax liability on the divestment by $2.8 million.