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Assets Held for Sale
 12 Months Ended
Dec. 31, 2012
Assets Held For Sale Disclosure [Abstract]  
Assets Held For Sale
Assets Held For Sale
The Company classifies assets as held for sale and ceases the depreciation of the assets when there is a plan for disposal of the assets and those assets meet the held for sale criteria as defined in U.S. GAAP. Reacquired franchises, property and equipment and other assets held for sale are accounted for on the specific identification basis.
At December 31, 2011, assets held for sale consisted of assets of 17 Applebee's company-operated restaurants located in a six-state market area geographically centered around Memphis, Tennessee, one parcel of land on which a refranchised Applebee's restaurant is situated and three parcels of land previously intended for future restaurant development.
The following table summarizes the changes in the balance of assets held for sale during fiscal 2012:
 
(In millions)
Balance December 31, 2011
$
9.4

Assets transferred to held for sale
54.1

Assets sold
(60.0
)
Assets transferred out of held for sale
(3.1
)
Other
(0.4
)
Balance December 31, 2012
$
—


During the twelve months ended December 31, 2012, the Company entered into three agreements for the refranchising and sale of related restaurant assets of 137 Applebee's company-operated restaurants located in the following market areas: 39 restaurants in Virginia, 33 restaurants primarily in Missouri and Indiana and 65 restaurants in Michigan. Accordingly, $54.1 million, representing the net book value of the assets related to these restaurants, was transferred to assets held for sale.
Assets sold totaling $60.0 million consisted of the 17 Applebee's company-operated restaurants located in a six-state market area geographically centered around Memphis, Tennessee, the 137 Applebee's company-operated restaurants transferred into assets held for sale during 2012 and two parcels of land previously intended for future restaurant development. Additionally, the one parcel of land on which a refranchised Applebee's restaurant is situated and one parcel of land previously intended for future restaurant development were transferred out of assets held for sale as the Company no longer intends to sell those assets.