Operating (Gains), Losses and Other Charges, Net

3 Months Ended

Mar. 27, 2024

Other Income and Expenses [Abstract]

Operating (Gains), Losses and Other Charges, Net

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


	Quarter Ended
		March 27, 2024		March 29, 2023
		(In thousands)
Gains on sales of assets and other, net		$	(620)	$	(1,522)
Restructuring charges and exit costs		198		64
Impairment charges		95		129
Operating (gains), losses and other charges, net		$	(327)	$	(1,329)

During the quarters ended March 27, 2024 and March 29, 2023, gains on sales of assets and other, net were primarily related to the sales of real estate.

As of March 27, 2024, we had recorded assets held for sale at the lesser of the carrying value or fair value amount of $1.1 million (consisting of property of $0.6 million and goodwill of $0.5 million) related to three Keke's restaurants. As of December 27, 2023, we had recorded assets held for sale at their carrying amount of $1.5 million (consisting of property of $0.9 million, goodwill of $0.5 million and other assets of $0.1 million) related to one parcel of real estate and three Keke's restaurants.

Restructuring charges and exit costs consisted of the following:


	Quarter Ended
		March 27, 2024		March 29, 2023
		(In thousands)
Exit costs		$	42	$	—
Severance and other restructuring charges		156		64
Total restructuring charges and exit costs		$	198	$	64

Exit costs primarily consist of costs related to closed restaurants. Exit cost liabilities related to lease costs are included as a component of operating lease liabilities in our Consolidated Balance Sheets.

As of March 27, 2024 and December 27, 2023, we had accrued severance and other restructuring charges of $1.0 million and $1.4 million, respectively. The balance as of March 27, 2024 is expected to be paid during the next 12 months.

We recorded impairment charges of $0.1 million related to property for the quarter ended March 27, 2024, resulting from our assessment of closed units.