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Summary Of Refranchisings, Franchisee Development And Acquisitions
6 Months Ended
Apr. 15, 2012
Summary Of Refranchisings, Franchisee Development And Acquisitions [Abstract]  
Summary Of Refranchisings, Franchisee Development And Acquisitions
SUMMARY OF REFRANCHISINGS, FRANCHISE DEVELOPMENT AND ACQUISITIONS
Refranchisings and franchise 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
 
April 15,
2012
 
April 17,
2011
 
April 15,
2012
 
April 17,
2011
Restaurants sold to franchisees
37

 
26

 
37

 
114

New restaurants opened by franchisees
9

 
11

 
29

 
28

 
 
 
 
 
 
 
 
Initial franchise fees
$
1,770

 
$
1,640

 
$
2,490

 
$
5,879

 
 
 
 
 
 
 
 
Proceeds from the sale of company-operated restaurants (1)
$
20,715

 
$
5,505

 
$
21,964

 
$
49,588

Net assets sold (primarily property and equipment)
(5,754
)
 
(4,520
)
 
(5,833
)
 
(19,872
)
Goodwill related to the sale of company-operated restaurants
(604
)
 
(107
)
 
(652
)
 
(966
)
Other
(279
)
 

 
(279
)
 

Gains on the sale of company-operated restaurants (1)
$
14,078

 
$
878

 
$
15,200

 
$
28,750

____________________________
(1)
Amounts in 2012 include additional proceeds and gains of $0.9 million in the quarter and $2.1 million year-to-date recognized upon the extension of the underlying franchise and lease agreements related to restaurants sold in a prior year.
Franchise acquisitions — During fiscal 2012 and 2011, we acquired Qdoba franchise restaurants in select markets where we believe there is continued opportunity for restaurant development. We account for the acquisition of franchised restaurants using the purchase method of accounting for business combinations. The purchase price allocations were based on fair value estimates determined using significant unobservable inputs (Level 3). The goodwill recorded primarily relates to the sales growth potential of the markets acquired. The following table provides detail of the combined allocations in each period (dollars in thousands):
 
Year-to-Date
 
April 15, 2012
 
April 17, 2011
Restaurants acquired from franchisees
36

 
22

Property and equipment
$
9,559

 
$
3,877

Reacquired franchise rights
461

 
232

Liabilities assumed
(108
)
 
(71
)
Goodwill
29,283

 
17,439

Total consideration
$
39,195

 
$
21,477