Operating (Gains), Losses and Other Charges, Net

Operating (gains), losses and other charges, net were comprised of the following:



	Fiscal Year Ended
	December 26, 2012			December 28, 2011			December 29, 2010
	(In thousands)
Gains on sales of assets and other, net	$	(7,090	)	$	(3,187	)	$	(9,481	)
Restructuring charges and exit costs	3,912			1,234			4,162
Impairment charges	3,660			4,055			375
Operating (gains), losses and other charges, net	$	482		$	2,102		$	(4,944	)

Restructuring Charges and Exit Costs

Restructuring charges and exit costs were comprised of the following:



	Fiscal Year Ended
	December 26, 2012		December 28, 2011		December 29, 2010
	(In thousands)
Exit costs	$	1,926	$	848	$	1,247
Severance and other restructuring charges	1,986		386		2,915
Total restructuring charges and exit costs	$	3,912	$	1,234	$	4,162

Severance and other restructuring charges of $2.0 million for 2012 includes charges related to the departure of the Company's former Chief Operating Officer. Severance and other restructuring charges of $2.9 million for 2010 resulted primarily from severance costs related to the departure of our former Chief Executive Officer.

The components of the change in accrued exit cost liabilities were as follows:



	December 26, 2012			December 28, 2011
	(In thousands)
Balance, beginning of year	$	3,863		$	4,948
Exit costs (1)	1,926			848
Payments, net of sublease receipts	(2,227		)	(2,200		)
Reclassification of certain lease liabilities, net	171			(166		)
Interest accretion	328			433
Balance, end of year	4,061			3,863
Less current portion included in other current liabilities	1,361			1,116
Long-term portion included in other noncurrent liabilities	$	2,700		$	2,747



(1)	Included as a component of operating (gains), losses and other charges, net.

Estimated cash payments related to exit cost liabilities in the next five years are as follows:



	(In thousands)
2013	$	1,551
2014	1,070
2015	380
2016	321
2017	323
Thereafter	1,325
Total	4,970
Less imputed interest	909
Present value of exit cost liabilities	$	4,061

The present value of exit cost liabilities is net of $1.8 million of existing sublease arrangements and $3.3 million related to properties for which we expect to enter into sublease agreements in the future. See Note 9 for a schedule of future minimum lease commitments and amounts to be received as lessor or sub-lessor for both open and closed restaurants.

As of December 26, 2012 and December 28, 2011, we had accrued severance and other restructuring charges of $0.5 million and less than $0.1 million, respectively. The balance as of December 26, 2012 is expected to be paid during 2013.

Impairment charges of $3.7 million for the year ended December 26, 2012 resulted primarily from the impairment of seven restaurants identified as held for sale and the impairment of an underperforming unit.