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Refranchisings and Acquisitions (Tables)
 12 Months Ended
Dec. 25, 2019
Refranchisings and Acquisitions [Abstract]  
Schedule of activity related to our refranchising and development strategy
The following table summarizes the activity related to our refranchising and development strategy. Gains (losses) on the sales of company restaurants and real estate are included as a component of operating (gains), losses and other charges, net in our Consolidated Statements of Income. See Note 5.

 
Fiscal Year Ended
 
December 25, 2019
 
December 26, 2018
 
December 27, 2017
 
(Dollars in thousands)
Restaurants sold to franchisees
105

 
8

 
4

Gains (losses) on sales of company restaurants:
 
 
 
 
 
Cash Proceeds
$
118,964

 
$
1,777

 
$
751

Receivables
920

 
—

 
—

Less: Property sold
(30,511
)
 
(2,448
)
 
(996
)
Less: Goodwill
(2,897
)
 
(62
)
 
(23
)
Less: Intangibles
(2,260
)
 
(13
)
 
—

Less: Deferred gain
(1,350
)
 
—

 
—

Total gains (losses) on sales of company restaurants
$
82,866

 
$
(746
)
 
$
(268
)
 
 
 
 
 
 
Real estate parcels sold
6

 
—

 
3

Gains on sales of real estate:
 
 
 
 
 
Cash proceeds
$
10,680

 
$
—

 
$
3,247

Noncash consideration
3,000

 
—

 
—

Less: Property sold
(1,686
)
 
—

 
(1,103
)
Less: Other assets
(120
)
 
—

 
(226
)
Total gains on sales of real estate
$
11,874

 
$
—

 
$
1,918
Schedule restaurant and real estate acquisition activity The following table summarizes our restaurant and real estate acquisition activity.

 
Fiscal Year Ended
 
December 25, 2019
 
December 26, 2018
 
December 27, 2017
 
(Dollars in thousands)
Restaurants acquired from franchisees (1)
—

 
6

 
11

 
 
 
 
 
 
Purchase price allocation:
 
 
 
 
 
Reacquired franchise rights
$
—

 
$
5,434

 
$
4,476

Property
—

 
1,121

 
1,293

Goodwill
—

 
1,574

 
3,022

Total purchase price
$
—

 
$
8,129

 
$
8,791

 
 
 
 
 
 
Finance leases recorded
$
—

 
$
2,409

 
$
2,321

 
 
 
 
 
 
Real estate parcels acquired
5

 
1

 
2

Total purchase price
$
11,320

 
$
1,787

 
$
4,062



(1)
2017 includes one restaurant acquired from a former franchisee.