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Purchase And Sale Of Assets
9 Months Ended
Nov. 07, 2011
Purchase And Sale Of Assets [Abstract]  
Purchase And Sale Of Assets

NOTE 5 — PURCHASE AND SALE OF ASSETS

Purchase of Assets

During the forty weeks ended November 7, 2011, we purchased three Hardee's restaurants from one of our franchisees for the aggregate purchase price consideration of $1,500, which was reduced by the settlement of certain pre-existing liabilities, resulting in a net purchase price consideration of $1,207. As a result of this transaction, we recorded property and equipment of $54, identifiable intangible assets of $85, capital lease assets of $55 and capital lease obligations of $55, resulting in $1,068 of additional goodwill in our Hardee's operating segment.

We did not purchase any restaurants from franchisees during the forty weeks ended November 1, 2010.

Sale of Assets

On July 2, 2010, pursuant to an Asset Purchase Agreement ("APA") with Meadowbrook Meat Company, Inc. ("MBM"), we sold to MBM our Carl's Jr. distribution center assets located in Ontario, California and Manteca, California ("Distribution Centers"). In connection with the APA, we received total consideration of $21,195 from MBM for the Distribution Center assets, which included inventory, fixed assets, real property in Manteca, California, and other related assets. As a result of the transaction, we recorded a gain of $3,442, which is included in other operating expenses, net in our accompanying unaudited Condensed Consolidated Statement of Operations for the Predecessor twenty-four weeks ended July 12, 2010.