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Company-owned Store Transactions | 12 Months Ended
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Jan. 02, 2022
Restructuring and Related Activities [Abstract] |
Company-owned Store Transactions | (12) Company-owned Store Transactions During 2019, the Company sold 62 U.S. Company-owned stores to certain of its existing U.S. franchisees for proceeds of $12.3 million. In connection with the sale of the stores, the Company recorded a $0.3 million pre-tax loss on the sale of the related assets and liabilities, which was net of a $1.5 million reduction in goodwill. The net loss on these store sales was recorded in general and administrative expense in the Company’s consolidated statements of income. During 2019, the Company also purchased three U.S. franchised stores from a U.S. franchisee for $3.4 million, which included $1.7 million of goodwill, $1.3 million of intangibles and $0.4 million of leasehold improvements and other assets.

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