XML 23 R10.htm IDEA: XBRL DOCUMENT v3.22.4
SUMMARY OF REFRANCHISINGS AND FRANCHISE ACQUISITIONS
 4 Months Ended
Jan. 22, 2023
Summary Of Refranchisings, Franchisee Development And Acquisitions [Abstract]  
SUMMARY OF REFRANCHISINGS AND FRANCHISE ACQUISITIONS SUMMARY OF REFRANCHISINGS AND FRANCHISE ACQUISITIONS
Refranchisings — The following table summarizes the number of restaurants sold to franchisees and gains recognized (dollars in thousands):
Sixteen Weeks Ended
January 22,
2023		January 23, 2022 (2)
Restaurants sold to Jack in the Box franchisees5— 
Restaurants sold to Del Taco franchisees16— 
Proceeds from the sale of company-operated restaurants$17,609 $48 
Net assets sold (primarily property and equipment)(4,093)— 
Goodwill related to the sale of company-operated restaurants(7,310)— 
Franchise fees(577)— 
Sublease liabilities(1,197)— 
Lease termination(393)— 
Other (1)(214)— 
Gains on the sale of company-operated restaurants$3,825 $48 
________________________
(1)Amount in 2023 includes $0.2 million related to prior year refranchising transactions.
(2)Amount in 2022 relates to additional proceeds received in connection with the extension of franchise and lease agreements from the sale of restaurants in prior years.
Franchise acquisitions — In 2023, we did not acquire any franchise restaurants. In 2022, we acquired four Jack in the Box 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). These acquisitions were not material to our condensed consolidated financial statements.
Assets held for sale — Assets classified as held for sale on our condensed consolidated balance sheets as of January 22, 2023 and January 23, 2022, primarily relate to closed restaurant properties and owned properties which we are actively marketing for sale and/or sales and leaseback within the next 12 months with carrying amounts of $4.6 million and $17.0 million, respectively.