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Sale of Company-Owned Stores | 6 Months Ended
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Jun. 16, 2019
Restructuring and Related Activities [Abstract] |
Sale of Company-Owned Stores | 10. Sale of Company-owned Stores During the second quarter of 2019, the Company sold 59 U.S. Company-owned stores to certain of its existing U.S. franchisees for proceeds of $9.7 million, of which $8.1 million was received in cash during the quarter. The remaining $1.6 million was included in short-term notes receivable as of June 16, 2019. In connection with the sale of the stores, the Company recorded a $2.4 million pre-tax loss on the sale of the related assets and liabilities, which included a $1.4 million reduction in goodwill. The loss was recorded in general and administrative expense in the Company’s condensed 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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