XML 23 R10.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
SUMMARY OF REFRANCHISINGS AND ASSETS HELD FOR SALE
 6 Months Ended
Apr. 14, 2024
Summary Of Refranchisings, Franchisee Development And Acquisitions [Abstract]  
SUMMARY OF REFRANCHISINGS AND ASSETS HELD FOR SALE SUMMARY OF REFRANCHISINGS AND ASSETS HELD FOR SALE
Refranchisings — The following table summarizes the number of restaurants sold to franchisees and the loss or gain recognized (dollars in thousands):
QuarterYear-to-date
April 14,
2024		April 16,
2023		April 14,
2024		April 16,
2023
Restaurants sold to Jack in the Box franchisees— — — 5 
Restaurants sold to Del Taco franchisees13 — 1316 
Proceeds from the sale of company-operated restaurants (1)$250 $808 $1,989 $18,417 
Net assets sold (primarily property and equipment)(608)— (608)(4,093)
Goodwill related to the sale of company-operated restaurants(105)— (105)(7,310)
Franchise fees(454)— (454)(577)
Sublease liabilities, net(140)— (140)(1,197)
Lease termination— — — (393)
Other (2)
(8)(104)(2,001)(318)
(Loss) gain on the sale of company-operated restaurants$(1,065)$704 $(1,319)$4,529 
____________________________
(1)Amounts in 2024 and 2023 include additional proceeds received in connection with the extension of franchise and lease agreements from the sale of restaurants in prior years.
(2)Year-to-date amount in 2024 includes a $2.2 million impairment of assets in the first quarter of 2024 related to a Del Taco refranchising transaction that closed in the second quarter of 2024.
Assets held for sale — Assets classified as held for sale on our condensed consolidated balance sheets as of April 14, 2024 and October 1, 2023 have carrying amounts of $25.0 million and $13.9 million, respectively. These amounts relate to i) company-owned restaurants to be refranchised, ii) operating restaurant properties which we intend to sell to franchisees and/or sell and leaseback with a third party, and iii) closed restaurant properties which we are marketing for sale.