XML 28 R17.htm IDEA: XBRL DOCUMENT v3.20.2
Operating (Gains), Losses and Other Charges, Net
 9 Months Ended
Sep. 23, 2020
Other Income and Expenses [Abstract]  
Operating (Gains), Losses and Other Charges, Net Operating (Gains), Losses and Other Charges, Net
Operating (gains), losses and other charges, net consisted of the following:
 
 Quarter EndedThree Quarters Ended
 September 23, 2020September 25, 2019September 23, 2020September 25, 2019
 (In thousands)
Gains on sales of assets and other, net$(1,202)$(51,183)$(2,260)$(87,497)
Restructuring charges and exit costs
83 1,092 2,060 2,038 
Impairment charges338 — 2,519 — 
Operating (gains), losses and other charges, net
$(781)$(50,091)$2,319 $(85,459)
 
Gains on sales of assets and other, net were primarily related to the sale of three parcels of real estate during the quarter and five parcels of real estate during the three quarters ended September 23, 2020. During the quarter ended September 25, 2019, gains on sale of assets and other, net included $50.4 million in gains on the sale of 56 company restaurants and $1.3 million in gains on the sales of two parcels of real estate. During the three quarters ended September 25, 2019, gains on sales of assets and other, net included $76.8 million in gains on the sales of 96 company restaurants and $11.9 million on the sale of six parcels of real estate.
As of September 23, 2020, we had recorded assets held for sale at their carrying amount of $3.2 million (consists of property of $2.5 million and other assets of $0.7 million) related to seven parcels of real estate. As of December 25, 2019, we had recorded assets held for sale at their carrying amount of $1.9 million (comprised of property of $1.6 million, other assets of $0.2 million and goodwill of $0.1 million) related to four company restaurants and two pieces of real estate. During the three quarters ended September 23, 2020, five pieces of real estate were sold and the four company restaurants were reclassified out of assets held for sale, as they were no longer expected to be sold in the next 12 months.

Restructuring charges and exit costs consisted of the following:
 Quarter EndedThree Quarters Ended
 September 23, 2020September 25, 2019September 23, 2020September 25, 2019
 (In thousands)
Exit costs$75 $20 $169 $194 
Severance and other restructuring charges
8 1,072 1,891 1,844 
Total restructuring charges and exit costs
$83 $1,092 $2,060 $2,038 

Exit cost liabilities were $0.1 million as of September 23, 2020 and $0.2 million as of December 25, 2019. Exit cost liabilities related to lease costs are included as a component of operating lease liabilities in our Condensed Consolidated Balance Sheets.

As of September 23, 2020 and December 25, 2019, we had accrued severance and other restructuring charges of $0.7 million and $0.9 million, respectively. The balance as of September 23, 2020 is expected to be paid during the next 12 months.

We review our property, right-of-use assets ("ROU assets") and definite-lived intangible assets for impairment whenever events or changes in circumstances indicate that the carrying value of certain long-lived and ROU assets may not be recoverable. Based on our review, we recorded impairment charges of $0.3 million and $2.5 million, respectively, for the quarter and three quarters ended September 23, 2020 resulting from the impacts of the COVID-19 pandemic. The $2.5 million included $1.3 million related to property, $1.1 million related to operating lease ROU assets and less than $0.1 million related to each of finance lease ROU assets and reacquired franchise rights.