Operating (Gains), Losses and Other Charges, Net

12 Months Ended

Dec. 25, 2024

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 consists of the following:

		Fiscal Year Ended
		December 25, 2024		December 27, 2023		December 28, 2022
		(In thousands)
Gains on sales of assets and other, net		$	(137)	$	(2,220)	$	(3,378)
Impairment charges (1)		792		2,214		963
Restructuring charges and exit costs		1,319		2,536		1,410
Operating (gains), losses and other charges, net		$	1,974	$	2,530	$	(1,005)
(1)	Impairment charges include impairments related to property, operating lease right-of-use assets, finance lease right-of-use assets, franchise agreements, and reacquired franchise rights.

Gains on sales of assets and other, net for the years ended December 25, 2024, December 27, 2023, and December 28, 2022, were primarily related to the sales of restaurants and real estate.

We recorded impairment charges of $0.8 million for the year ended December 25, 2024 primarily related to assets held for sale and resulting from our assessments of underperforming and closed units. The $0.8 million included $0.6 million related to property, $0.1 million related to reacquired franchise rights, and $0.1 million related to a franchise agreement. We recorded impairment charges of $2.2 million for the year ended December 27, 2023 primarily resulting from underperforming units. The $2.2 million included $1.3 million related to property and $0.9 million related to operating lease right-of-use assets, less than $0.1 million related to finance lease right-of-use assets, and less than $0.1 million related to reacquired franchise rights. We recorded impairment charges of $1.0 million for the year ended December 28, 2022 primarily resulting from underperforming units. The $1.0 million included $0.6 million related to property, $0.3 million related to operating lease right-of-use assets, and less than $0.1 million related to finance lease right-of-use assets.

Restructuring charges and exit costs consists of the following: 

	Fiscal Year Ended
	December 25, 2024		December 27, 2023		December 28, 2022
	(In thousands)
Exit costs	$	307	$	190	$	86
Severance and other restructuring charges	1,012		2,346		1,324
Total restructuring charges and exit costs	$	1,319	$	2,536	$	1,410

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. See Note 9.

Severance and other restructuring charges primarily consist of severance costs for the years ended December 25, 2024, December 27, 2023, and December 28, 2022. As of December 25, 2024 and December 27, 2023, we had accrued severance and other restructuring charges of $0.3 million and $1.4 million, respectively. The balance as of December 25, 2024 is expected to be paid during the next 12 months.