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):


	Sixteen Weeks Ended
	January 22,			January 23,
	2012			2011
Restaurants sold to franchisees		—			88
New restaurants opened by franchisees		20			17
Initial franchise fees	$	720		$	4,239
Proceeds from the sale of company-operated restaurants (1)		1,249			44,083
Net assets sold (primarily property and equipment)		—			(15,352	)
Goodwill related to the sale of company-operated restaurants		(48	)		(859	)
Other		(79	)		—

Gains on the sale of company-operated restaurants	$	1,122		$	27,872

(1)

The amount in 2012 primarily represents additional proceeds recognized upon the extension of the underlying franchise and lease agreements related to a restaurant sold in a prior year.

Franchise acquisitions — During fiscal 2012, we acquired 11 Qdoba franchise-operated restaurants in two markets where we believe there is continued opportunity for restaurant development. The purchase price allocations were based on fair value estimates determined using significant unobservable inputs (Level 3). The goodwill recorded is largely attributable to the growth potential of the markets acquired. The following table provides detail of the combined allocations (in thousands):


Property and equipment	$	2,942
Reacquired franchise rights		126
Liabilities assumed		(30	)
Goodwill		3,157

Total consideration	$	6,195