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Company-owned Store Transactions
8 Months Ended
Sep. 11, 2022
Business Combinations [Abstract]  
Company-owned Store Transactions

10. Company-owned Store Transactions

 

During the first quarter of 2022, the Company purchased 23 U.S. franchised stores from certain of the Companys existing U.S. franchisees for $6.8 million, which included $4.0 million of intangibles, $1.7 million of equipment and leasehold improvements and $1.1 million of goodwill.

 

Subsequent to the end of the third quarter of 2022, the Company sold 114 U.S. Company-owned stores in Arizona and Utah to certain of its franchisees for $41.1 million, and the Company expects to record a gain on this transaction in the fourth quarter of 2022. The accounting for this transaction is still in process as of the date these condensed consolidated financial statements were issued and therefore the Company is unable to make any additional disclosures.