SUMMARY OF REFRANCHISINGS, FRANCHISEE DEVELOPMENT AND ACQUISITIONS

Refranchisings and franchisee development — The following table summarizes the number of restaurants sold to franchisees, the number of restaurants developed by franchisees, and the related fees and gains recognized in each period(dollars in thousands):



	Sixteen Weeks Ended
	January 22, 2017			January 17, 2016
Restaurants sold to Jack in the Box franchisees	—			1
New restaurants opened by franchisees:
Jack in the Box	7			5
Qdoba	8			6

Initial franchise fees	$	425		$	385

Proceeds from the sale of company-operated restaurants (1)	$	138		$	1,021
Net assets sold (primarily property and equipment)	—			(193		)
Goodwill related to the sale of company-operated restaurants	(1		)	(10		)
Gains on the sale of company-operated restaurants	$	137		$	818

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(1)	Amounts in 2017 and 2016 include additional proceeds related to restaurants sold in a prior year of $0.1 million and $1.0 million, respectively.

Franchise acquisitions —There was no acquisition activity in 2017. In 2016, we 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 2016 purchase price allocation was based on fair value estimates determined using significant unobservable inputs (Level 3). The 2016 acquisition was not material to our condensed consolidated financial statements.