FRANCHISE ACQUISITIONS (Tables)

4 Months Ended

Jan. 19, 2025

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Summary of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the number of restaurants acquired from franchisees and the gains recognized for the sixteen weeks ended January 21, 2024 (dollars in thousands):

Restaurants acquired from Del Taco franchisees	9
Purchase price (1)	$	(86)
Closing and acquisition costs	(43)
Property and equipment	3,612
Intangible assets	167
Operating lease right-of-use assets	3,211
Operating lease liabilities	(4,505)
Gain on the acquisition of franchise-operated restaurants	$	2,357

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(1)Comprised of outstanding receivables from franchisee forgiven upon acquisition.