Impairments and Disposal of Assets, Net

6 Months Ended

Nov. 26, 2023

Impairments and disposal of assets, net, in our accompanying consolidated statements of earnings were comprised of the following:


	Three Months Ended				Six Months Ended
(in millions)	November 26, 2023		November 27, 2022		November 26, 2023		November 27, 2022
Restaurant impairments	$	—	$	—	$	0.3	$	—
Disposal (gains) losses	4.9		(8.8)		9.8		(13.7)
Other	2.6		—		0.5		—
Impairments and disposal of assets, net	$	7.5	$	(8.8)	$	10.6	$	(13.7)

Restaurant impairments and disposal (gains) losses for the quarter ended November 26, 2023 were related to the decision to close one location and the write-off of acquired Ruth’s Chris assets. Restaurant impairments and disposal (gains) losses for the six months ended November 26, 2023 were related to the decision to close five locations, sale of properties and the write-off of acquired Ruth’s Chris assets. Disposal gains for the quarter and six months ended November 27, 2022 were primarily related to the sale of properties. Other impacts for the quarter and six months ended November 26, 2023 related to right-of-use asset adjustments on early lease terminations and the write-off of capitalized software costs.