Note 3. Impairment and Restaurant Closings

3 Months Ended

Dec. 31, 2014

Note 3. Impairment And Restaurant Closings

Note 3. Impairment and Restaurant Closings

No asset impairment charges were recorded during the 2014 transition period. During the 2013 transition period Steak n Shake recorded an asset impairment of $41. During the 2014 transition period, Steak n Shake opened one company-operated restaurant and Western did not open or close an company-operated restaurants. Steak n Shake recorded asset impairment during fiscal years 2014, 2013 and 2012 of $1,433, $1,666, and $901, respectively, in selling, general and administrative expenses. Steak n Shake closed two restaurants and sold two restaurants to franchisees in fiscal year 2014. No company-operated restaurants were closed in fiscal years 2013 and 2012. Western recorded restaurant closing costs of $72 during the fiscal year 2013 in selling, general and administrative expenses. Western closed one company-operated restaurant in each of fiscal years 2014 and 2013.