2.	SUMMARY OF REFRANCHISINGS, FRANCHISEE DEVELOPMENT AND ACQUISITIONS

Refranchisings and franchisee development — The following is a summary of the number of Jack in the Box restaurants sold to franchisees, the number of restaurants developed by franchisees and the related gains and fees recognized (dollars in thousands):


	Quarter						Year-to-Date
	July 10,			July 4,			July 10,			July 4,
	2011			2010			2011			2010
Restaurants sold to franchisees		112			58			226			111
New restaurants opened by franchisees		12			10			40			29
Initial franchise fees	$	5,130		$	2,583		$	11,009		$	5,558
Proceeds from the sale of company-operated restaurants:
Cash	$	27,327		$	32,942		$	76,915		$	52,035
Notes receivable		—			—			—			2,730

		27,327			32,942			76,915			54,765
Net assets sold (primarily property and equipment)		(16,372	)		(8,585	)		(36,244	)		(17,597	)
Goodwill related to the sale of company-operated restaurants		(556	)		(670	)		(1,522	)		(1,114	)
Other		(209	)		—			(209	)		—

Gains on the sale of company-operated restaurants	$	10,190		$	23,687		$	38,940		$	36,054

Franchise acquisitions — During fiscal 2011, we acquired 24 Qdoba franchise-operated restaurants, 22 in the second quarter and two in the third quarter, consistent with our strategy to opportunistically acquire Qdoba franchise markets where we believe there is continued opportunity for restaurant development. The acquisition in the third quarter did not have a material impact on our consolidated financial statements. The purchase price allocations were based on fair value estimates determined using significant unobservable inputs (Level 3). The goodwill recorded relates primarily to the second quarter acquisition of 20 restaurants in Indianapolis and is largely attributable to the growth potential of the market. The following table provides detail of the combined allocations (in thousands):


Property and equipment	$	4,858
Reacquired franchise rights		280
Liabilities assumed		(74	)
Goodwill		17,439
Gain on the acquisition of franchise-operated restaurants		(426	)

Total	$	22,077

In 2010, we acquired 16 Qdoba restaurants from a franchisee for net consideration of $8.1 million. The purchase price was allocated to property and equipment, reacquired franchise rights and goodwill.