Impairment of Long-Lived Assets (Notes)

6 Months Ended

Jun. 28, 2015

During the three and six months ended June 28, 2015 and six months ended June 29, 2014, the Company recorded impairment charges on long-lived assets as a result of (1) the Company’s decision to lease and/or sublease properties to franchisees in connection with the sale or anticipated sale of company-owned restaurants and (2) closing company-owned restaurants and classifying such properties as held for sale. Additionally during the three and six months ended June 28, 2015, the Company recorded impairment charges resulting from the deterioration in operating performance of certain company-owned restaurants and charges for capital improvements in restaurants impaired in prior years which did not subsequently recover. The Company may recognize additional impairment charges resulting from leasing or subleasing additional properties to franchisees in connection with sales of company-owned restaurants to franchisees.

The following is a summary of impairment losses recorded, which represent the excess of the carrying amount over the fair value of the affected assets and are included in “Impairment of long-lived assets.”



	Three Months Ended				Six Months Ended
	June 28, 2015		June 29, 2014		June 28, 2015		June 29, 2014
Restaurants leased or subleased to franchisees	$	7,551	$	77	$	8,256	$	2,274
Company-owned restaurants	2,073		—		2,547		—
Surplus properties	394		—		1,152		332
	$	10,018	$	77	$	11,955	$	2,606