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SALE AND CLOSURE OF COMPANY-OWNED STORES | 12 Months Ended
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Jan. 01, 2017
Restructuring and Related Activities [Abstract] |
SALE AND CLOSURE OF COMPANY-OWNED STORES |
(12) | SALE AND CLOSURE OF COMPANY-OWNED STORES
The Company closed one Company-owned store in 2016. In connection with the closure, the Company recorded a reduction of goodwill of less than $0.1 million in general and administrative expense in the Company’s consolidated statements of income. During 2015, the Company sold four Company-owned stores to franchisees. In connection with the sale of the four stores, the Company recorded a $0.7 million pre-tax gain on the sale of the related assets, which was net of a $0.2 million reduction in goodwill. The gain was recorded in general and administrative expense in the Company’s consolidated statements of income. During 2014, the Company sold 14 Company-owned stores to a franchisee. In connection with the sale of the 14 stores, the Company recorded a $1.7 million pre-tax gain on the sale of the related assets, which was net of a $0.5 million reduction in goodwill. The gain was recorded in general and administrative expense in the Company’s consolidated statements of income.

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- Definition Sale and closure of company-owned stores. + References No definition available. + Details
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