Operating (Gains), Losses and Other Charges, Net

6 Months Ended

Jun. 26, 2019

Other Income and Expenses [Abstract]

Operating (Gains), Losses and Other Charges, Net

Operating (Gains), Losses and Other Charges, Net

Operating (gains), losses and other charges, net were comprised of the following:

	Quarter Ended						Two Quarters Ended
	June 26, 2019			June 27, 2018			June 26, 2019			June 27, 2018
	(In thousands)
Gains on sales of assets and other, net	(26,839		)	(27		)	(36,314		)	(64		)
Restructuring charges and exit costs	406			408			946			768
Impairment charges	—			81			—			118
Operating (gains), losses and other charges, net	$	(26,433	)	$	462		$	(35,368	)	$	822

Gains on sales of assets and other, net were primarily the result of sales of company restaurants and real estate as part of our refranchising and development strategy. See Note 4.

Restructuring charges and exit costs were comprised of the following: 

	Quarter Ended				Two Quarters Ended
	June 26, 2019		June 27, 2018		June 26, 2019		June 27, 2018
	(In thousands)
Exit costs	$	52	$	275	$	174	$	299
Severance and other restructuring charges	354		133		772		469
Total restructuring charges and exit costs	$	406	$	408	$	946	$	768

Exit cost liabilities were $0.1 million and $1.2 million as of June 26, 2019 and December 26, 2018, respectively. As a result of the adoption of Topic 842, exit cost liabilities related to lease costs are now included as a component of operating lease liabilities in our Condensed Consolidated Balance Sheets. See Note 3.

As of both June 26, 2019 and December 26, 2018, we had accrued severance and other restructuring charges of $0.6 million. The balance as of June 26, 2019 is expected to be paid during the next 12 months.