SUMMARY OF REFRANCHISINGS, FRANCHISE DEVELOPMENT AND ACQUISITIONS

Refranchisings and franchise development — The following is a summary of the number of Jack in the Box restaurants sold to franchisees, the number of restaurants developed by franchisees and the related gains and fees recognized (dollars in thousands):



	Quarter						Year-to-Date
	April 14, 2013			April 15, 2012			April 14, 2013			April 15, 2012
Restaurants sold to franchisees	4			37			4			37
New restaurants opened by franchisees	9			9			29			29

Initial franchise fees	$	389		$	1,770		$	1,035		$	2,490

Proceeds from the sale of company-operated restaurants (1)	$	2,033		$	20,715		$	2,866		$	21,964
Net assets sold (primarily property and equipment)	(1,635		)	(5,754		)	(1,720		)	(5,833		)
Goodwill related to the sale of company-operated restaurants	(67		)	(604		)	(67		)	(652		)
Other	—			(279		)	—			(279		)
Gains on the sale of company-operated restaurants (1)	331			14,078			1,079			15,200

Loss on anticipated sale of Jack in the Box company-operated market	(2,749		)	—			(2,749		)	—

Total gains (losses) on the sale of company-operated restaurants	$	(2,418	)	$	14,078		$	(1,670	)	$	15,200

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(1)	Amounts in 2013 and 2012 include additional proceeds and gains recognized upon the extension of the underlying franchise and lease agreements related to restaurants sold in a prior year of $0.2 million and $0.9 million, respectively, in the quarter and $1.0 million and $2.1 million, respectively, year-to-date.

Franchise acquisitions — During 2013 and 2012, we acquired 12 and 36 Qdoba franchise restaurants, respectively, in select markets where we believe there is continued opportunity for restaurant development. Additionally, in 2013 we exercised our right of first refusal and acquired one Jack in the Box franchise restaurant. We account for the acquisition of franchised restaurants using the acquisition method of accounting for business combinations. The purchase price allocations were based on fair value estimates determined using significant unobservable inputs (Level 3). The goodwill recorded primarily relates to the sales growth potential of the locations acquired. The following table provides detail of the combined allocations in each year-to-date period (dollars in thousands):



	April 14, 2013									April 15, 2012
	Qdoba			Jack in the Box			Total			Qdoba
Restaurants acquired from franchisees	12			1			13			36

Property and equipment	$	2,632		$	145		$	2,777		$	9,559
Reacquired franchise rights	106			34			140			461
Liabilities assumed	(281		)	(2		)	(283		)	(108		)
Goodwill	7,207			1,173			8,380			29,283
Total consideration	$	9,664		$	1,350		$	11,014		$	39,195