Impairment and other charges, net

4 Months Ended

Jan. 19, 2020

Restructuring and Related Activities [Abstract]

Impairment and other charges, net

IMPAIRMENT AND OTHER CHARGES, NET

Impairment and other charges, net in the accompanying condensed consolidated statements of earnings is comprised of the following (in thousands):

	Sixteen Weeks Ended
	January 19, 2020		January 20, 2019
Restructuring costs	$	1,045	$	5,840
Costs of closed restaurants and other	101		866
Accelerated depreciation	—		416
(Gains) losses on disposition of property and equipment, net (1)	(10,437)		576
	$	(9,291)	$	7,698

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(1)In 2020, includes a $10.8 million gain related to the sale of one of our corporate office buildings. Refer to Note 4, Leases, for further information.

Restructuring costs — Restructuring charges include costs resulting from the exploration of strategic alternatives (the “Strategic Alternatives Evaluation”) in 2019, which was concluded in the third quarter of 2019, and a plan that management initiated to reduce our general and administrative costs.

The following is a summary of our restructuring costs (in thousands):

	Sixteen Weeks Ended
	January 19, 2020		January 20, 2019
Employee severance and related costs	$	1,045	$	4,506
Strategic Alternatives Evaluation (1)	—		1,334
	$	1,045	$	5,840

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(1) Strategic Alternative Evaluation costs primarily relate to third party advisory services.

We do not expect any significant severance and related costs for the remainder of fiscal 2020 related to these initiatives.

Total accrued severance costs related to our restructuring activities are included in “Accrued liabilities” on our condensed consolidated balance sheets, and changed as follows during 2020 (in thousands):

Balance as of September 29, 2019	$	2,100
Costs incurred	1,019
Cash payments	(2,134)
Balance as of January 19, 2020	$	985