Summary of Refranchising and Franchise Acquisitions (Tables)

3 Months Ended

Mar. 24, 2020

Summary of refranchising [Table Text Block]

The following table summarizes the net loss recognized related to these transactions during the twelve weeks ended March 24, 2020 and March 26, 2019 (dollars in thousands):


	12 Weeks Ended March 24, 2020		12 Weeks Ended March 26, 2019
Company-operated restaurants sold to franchisees	5		13

Proceeds from the sale of company-operated restaurants, net of selling costs	$	1,219	$	2,090
Net assets sold (primarily furniture, fixtures and equipment) ^(a)	(731)		(2,051)
Goodwill related to the company-operated restaurants sold to franchisees	(1,196)		(83)
Allocation to deferred franchise fees	(159)		(281)
Sublease assets, net	220		260

Loss on sale of company-operated restaurants ^(b)	$	(647)	$	(65)

^(a) Of the net assets sold during the twelve weeks ended March 24, 2020, $0.69 million was included in assets held for sale as of December 31, 2019. The net assets sold during the twelve weeks ended March 26, 2019 were all included in assets held for sale as of January 1, 2019.

^(b)Of the loss related to the five company-operated restaurants sold during the twelve weeks ended March 24, 2020, $0.58 million was previously recognized during the fifty-two weeks ended December 31, 2019 as a fair value adjustment to the assets held for sale balance. The loss on sale of company-operated restaurants is included in loss on disposal of assets and adjustments to assets held for sale, net on the consolidated statements of comprehensive (loss) income.

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The following table provides detail of the combined acquisitions for the twelve weeks ended March 26, 2019 (dollars in thousands):


	12 Weeks Ended March 26, 2019
Franchise-operated restaurants acquired from franchisees	3

Goodwill	$	2,672
Restaurant and other equipment and leasehold improvements	578

Operating lease right-of-use assets	858
Operating lease liabilities	(858)
Unfavorable lease liabilities	(130)
Total consideration	$	3,120