Impairment Of Long-Lived Assets And Other Lease Charges

12 Months Ended

Dec. 31, 2023

Restructuring Costs and Asset Impairment Charges [Abstract]

Asset Impairment Charges [Text Block]

Impairment of Long-Lived Assets and Other Lease Charges

During the year ended December 31, 2023, the Company recorded impairment and other lease charges of $7.6 million consisting of $0.7 million related to initial impairment charges for three underperforming restaurants, capital expenditures at previously impaired restaurants of $1.0 million, and other lease charges of $5.9 million, which included $5.7 million related to eight restaurants closed during the year.

During the year ended January 1, 2023, the Company recorded impairment and other lease charges of $4.9 million consisting of $2.1 million related to initial impairment charges for 15 underperforming restaurants, capital expenditures at previously impaired restaurants of $0.7 million and other lease charges of $2.1 million, which included $1.7 million related to eight restaurants closed during the year.

During the year ended January 2, 2022, the Company recorded impairment and other lease charges of $4.5 million consisting of $0.5 million for capital expenditures at previously impaired restaurants, $1.5 million related to initial impairment charges for nine underperforming restaurants, other lease charges of $0.6 million and $1.9 million related to impairment of certain owned non-operating properties.