Acquisitions and Divestitures (Tables)

12 Months Ended

Dec. 31, 2017

Acquisitions and Divestitures

Schedule of Acquired Restaurants

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

	2016		2015
Number of restaurants acquired	25		7
Location of restaurants acquired	Florida, Alabama		North Carolina
	Georgia, Texas		Missouri and
	and Kentucky		Colorado
Purchase price (in thousands):
Cash payment	$	13,352	$	922
Cancellation of accounts and notes receivable		406		—
Total purchase price	$	13,758	$	922
Final fair value allocation of purchase price (in thousands):
Property and equipment	$	1,362	$	648
Franchise rights		2,092		113
Goodwill		10,166		152
Other		138		9
Total purchase price	$	13,758	$	922

Schedule of Assets and Liabilities Classified as Held for Sale

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

		December 31, 2017		December 25, 2016
Cash	$	908	$	—
Inventories		505		621
Prepaid expenses		570		517
Net property and equipment		4,878		4,767
Other assets		946		568
Valuation allowance		(1,674)		(216)
Total assets held for sale	$	6,133	$	6,257
Accounts payable	$	1,817	$	—
Accrued and other liabilities		470		—
Total liabilities held for sale	$	2,287	$	—