Operating (Gains), Losses and Other Charges, Net

3 Months Ended

Mar. 31, 2021

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 consisted of the following:

	Quarter Ended
	March 31, 2021		March 25, 2020
	(In thousands)
Gains on sales of assets and other, net	$	(942)	$	(1,070)
Restructuring charges and exit costs	1,474		362
Impairment charges	—		2,181
Operating (gains), losses and other charges, net	$	532	$	1,473

During the quarter ended March 31, 2021, gains on sales of assets and other, net were primarily related to the sale of one parcel of real estate. During the quarter ended March 25, 2020, gains on sale of assets and other, net were primarily related to the sale of two real estate parcels.

As of March 31, 2021, we had recorded assets held for sale consisting of property at their carrying amount of $1.6 million related to two parcels of real estate. As of December 30, 2020, we had recorded assets held for sale at their carrying amount of $1.1 million (consisting of property of $1.0 million and other assets of $0.1 million) related to two parcels of real estate.

Restructuring charges and exit costs consisted of the following:

	Quarter Ended
	March 31, 2021		March 25, 2020
	(In thousands)
Exit costs	$	82	$	44
Severance and other restructuring charges	1,392		318
Total restructuring charges and exit costs	$	1,474	$	362

Exit costs primarily consists of costs related to closed restaurants. Exit cost liabilities were $0.1 million as of both March 31, 2021 and December 30, 2020. Exit cost liabilities related to lease costs are included as a component of operating lease liabilities in our Condensed Consolidated Balance Sheets.

As of March 31, 2021 and December 30, 2020, we had accrued severance and other restructuring charges of $1.7 million and $0.6 million, respectively. The balance as of March 31, 2021 is expected to be paid during the next 12 months.