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Acquisitions and Divestitures (Tables)
12 Months Ended
Dec. 25, 2016
Acquisition and Divestitures  
Schedule of Acquired Restaurants

We acquired restaurants from our domestic franchisees in 2016, 2015 and 2014, which are summarized as follows:  

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

2015

    

2014

 

Number of restaurants acquired

25

 

7

 

13

 

 

 

 

 

 

 

 

 

 

 

Location of restaurants acquired

Florida, Georgia

 

North Carolina

 

Georgia, 

 

 

Kentucky and

 

Missouri and

 

North Carolina

 

 

Texas

 

Colorado

 

Illinois and

 

 

 

 

 

 

 

 

Texas

 

Purchase price (in thousands):

 

 

 

 

 

 

 

 

 

Cash payment

$

13,352

 

$

922

 

$

4,773

 

Cancellation of accounts and notes receivable

 

406

 

 

 —

 

 

412

 

Total purchase price

$

13,758

 

$

922

 

$

5,185

 

 

 

 

 

 

 

 

 

 

 

Final fair value allocation of purchase price (in thousands):

 

 

 

 

 

 

 

 

 

Property and equipment

$

1,362

 

$

648

 

$

555

 

Franchise rights

 

2,092

 

 

113

 

 

844

 

Goodwill

 

10,166

 

 

152

 

 

3,661

 

Other

 

138

 

 

9

 

 

125

 

Total purchase price

$

13,758

 

$

922

 

$

5,185

 

 

Schedule of Assets Classified as Held for Sale

The following summarizes the associated assets that are classified as held for sale (in thousands):

 

 

 

 

 

 

 

 

 

    

 

 

 

 

 

 

 

 

 

December 25, 2016

 

 

December 27, 2015

 

Inventories

 

$

621

 

$

667

 

Prepaid expenses

 

 

517

 

 

672

 

Net property and equipment

 

 

4,767

 

 

5,571

 

Goodwill

 

 

 —

 

 

1,690

 

Other assets

 

 

568

 

 

699

 

Valuation allowance

 

 

(216)

 

 

 —

 

Total assets held for sale

 

$

6,257

 

$

9,299