Impairments and Disposal of Assets, Net

9 Months Ended

Feb. 23, 2025

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


	Three Months Ended				Nine Months Ended
(in millions)	February 23, 2025		February 25, 2024		February 23, 2025		February 25, 2024
Restaurant impairments	$	—	$	—	$	—	$	0.3
Disposal (gains) losses	—		—		0.1		9.8
Other	0.1		0.4		1.0		0.9
Impairments and disposal of assets, net	$	0.1	$	0.4	$	1.1	$	11.0

Disposal (gains) losses for the nine months ended February 23, 2025 were related to the closure of previously impaired locations. Restaurant impairments and disposal (gains) losses for the nine months ended February 25, 2024 were related to the decision to close five locations, sale of properties, and the write-off of acquired Ruth’s Chris assets. Other impacts for the quarter and nine months ended February 23, 2025 were related to right-of-use asset adjustments on early lease terminations, product loss from a facility fire in our distribution network, and liquor license impairment. Other impacts for the quarter and nine months ended February 25, 2024 were related to right-of-use asset adjustments on early lease terminations, the write-off of capitalized software costs, and liquor license impairment.