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Restaurant Impairment and Dispositions (Tables)
12 Months Ended
Dec. 25, 2011
Schedule of Restaurant Impairment and Disposition Losses (Gains)
The following table summarizes restaurant impairment and disposition losses (gains) included in other general expenses in the accompanying consolidated statements of income during 2011, 2010 and 2009 (in thousands):
 
   
2011
   
2010
   
2009
 
                   
Net book value of divested restaurants
  $ -     $ 2,828     $ 659  
                         
Cash proceeds received
    -       1,397       830  
Fair value of notes receivable (1)
    -       1,431       312  
Total consideration at fair value (1)
    -       2,828       1,142  
Gain on restaurants sold
    -       -       (483 )
                         
(Gain) loss on domestic restaurant closures
    (203 )     95       1,140  
Adjustment to long-lived asset impairment reserves
    117       158       -  
Total restaurant impairment and disposition (gains) losses
  $ (86 )   $ 253     $ 657  
                         
 
(1)
We sold 12 Company-owned restaurants to franchisees in 2010 and 2009. As a part of the agreements to sell the restaurants, we received notes receivable totaling $1.4 million in 2010 and $500,000 (fair value of $312,000) in 2009.