Company-owned Store Transactions

12 Months Ended

Dec. 29, 2019

Restructuring and Related Activities [Abstract]

(13)	Company-owned Store Transactions

During 2019, the Company sold 62 U.S. Company-owned stores to certain of its existing U.S. franchisees for proceeds of $12.3 million (including 59 U.S. Company-owned stores sold in the second quarter of 2019 as previously disclosed). In connection with the sale of the stores, the Company recorded a $0.3 million

pre-tax

loss on the sale of the related assets and liabilities, which

was

net

of a

$1.5 million reduction in goodwill. The net loss on these store sales w

recorded in general and administrative expense in the Company’s consolidated statements of income. During 2019, the Company also purchased three U.S. franchised stores from a U.S. franchisee for $3.4 million, which included $1.7 million of goodwill, $1.3 million of intangibles and $0.4 million of

leasehold improvements and other assets.