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SUBSEQUENT EVENTS
6 Months Ended
Apr. 16, 2023
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTS
Refranchising — Subsequent to the end of the second quarter of 2023, the Company closed on the sale of 17 Del Taco company-operated restaurants to one franchisee for $13.7 million.
Additionally, subsequent to the end of the second quarter of 2023, the Company executed Asset Purchase Agreements for the sale of 39 additional Del Taco company-operated restaurants to three franchisees for $17.5 million.
Legal matters — On May 9, 2023, the court granted the Company’s post-trial motion, overturning the jury’s verdict in the J&D Restaurant Group matter. Refer to Note 14, Commitments and Contingencies, of the notes to these condensed consolidated financial statements for additional information regarding the case and the related reversal of a previous accrual.
Dividends — On May 12, 2023, the Board of Directors declared a cash dividend of $0.44 per common share, to be paid on June 13, 2023, to shareholders of record as of the close of business on May 31, 2023.