Sale-Leaseback Transactions	6 Months Ended
Aug. 15, 2011
Sale-Leaseback Transactions
Sale-Leaseback Transactions	NOTE 8 — SALE-LEASEBACK TRANSACTIONS During the twelve and twenty-eight weeks ended August 15, 2011, we entered into agreements with independent third parties under which we sold and leased back five Carl's Jr. and six Hardee's restaurant properties. The initial minimum lease terms are 20 years, and the leases include renewal options and right of first offer provisions that, for accounting purposes, constitute continuing involvement with the associated restaurant properties. Due to this continuing involvement, these sale-leaseback transactions are accounted for under the financing method, rather than as completed sales. Under the financing method, we include the net sales proceeds received in other long-term liabilities until our continuing involvement with the properties is terminated, report the associated property as owned assets, continue to depreciate the assets over their remaining useful lives, and record the rental payments as interest expense. When and if our continuing involvement with a property terminates and the sale of that property is recognized for accounting purposes, we expect to record a gain equal to the excess of the net proceeds received over the remaining net book value of the associated restaurant property. During the twenty-eight weeks ended August 15, 2011, we received net proceeds of $16,027 in connection with these transactions, which are included in other long-term liabilities in our accompanying unaudited Condensed Consolidated Balance Sheet as of August 15, 2011. The net book value of the associated assets was $11,986, which is included in property and equipment, net of accumulated depreciation and amortization in our accompanying unaudited Condensed Consolidated Balance Sheet as of August 15, 2011. The net proceeds received exceeded the net book value of the associated restaurant properties by $4,041 as of August 15, 2011. Our future minimum cash obligations associated with these transactions from August 16, 2011 through January 31, 2012, for fiscal 2013, 2014, 2015, 2016, 2017 and thereafter are $568, $1,135, $1,135, $1,135, $1,135, $1,199 and $19,963, respectively.

Sale-Leaseback Transactions

6 Months Ended

Aug. 15, 2011

NOTE 8 — SALE-LEASEBACK TRANSACTIONS

During the twelve and twenty-eight weeks ended August 15, 2011, we entered into agreements with independent third parties under which we sold and leased back five Carl's Jr. and six Hardee's restaurant properties. The initial minimum lease terms are 20 years, and the leases include renewal options and right of first offer provisions that, for accounting purposes, constitute continuing involvement with the associated restaurant properties. Due to this continuing involvement, these sale-leaseback transactions are accounted for under the financing method, rather than as completed sales. Under the financing method, we include the net sales proceeds received in other long-term liabilities until our continuing involvement with the properties is terminated, report the associated property as owned assets, continue to depreciate the assets over their remaining useful lives, and record the rental payments as interest expense. When and if our continuing involvement with a property terminates and the sale of that property is recognized for accounting purposes, we expect to record a gain equal to the excess of the net proceeds received over the remaining net book value of the associated restaurant property.

During the twenty-eight weeks ended August 15, 2011, we received net proceeds of $16,027 in connection with these transactions, which are included in other long-term liabilities in our accompanying unaudited Condensed Consolidated Balance Sheet as of August 15, 2011. The net book value of the associated assets was $11,986, which is included in property and equipment, net of accumulated depreciation and amortization in our accompanying unaudited Condensed Consolidated Balance Sheet as of August 15, 2011. The net proceeds received exceeded the net book value of the associated restaurant properties by $4,041 as of August 15, 2011.

Our future minimum cash obligations associated with these transactions from August 16, 2011 through January 31, 2012, for fiscal 2013, 2014, 2015, 2016, 2017 and thereafter are $568, $1,135, $1,135, $1,135, $1,135, $1,199 and $19,963, respectively.

- Definition

The entire disclosure for sale leaseback transactions. Includes the elements of a transaction involving the sale of property to another party and the lease of the property back to the seller.

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