XML 20 R8.htm IDEA: XBRL DOCUMENT
v3.19.1

SALE LEASEBACK TRANSACTIONS | 9 Months Ended
--- | ---
Mar. 27, 2019
Sale Leaseback Transactions [Abstract] |
Sale Leaseback Transactions | Restaurant Properties Sale Leaseback Transactions In the thirteen week period ended March 27, 2019, we completed sale leaseback transactions of four restaurant properties sold for aggregate consideration of $11.1 million. The balances attributable to the restaurant assets sold include Land of $3.9 million, Buildings and leasehold improvements of $6.7 million, certain fixtures included in Furniture and equipment of $0.2 million, and Accumulated Depreciation of $3.1 million. The total gain was $3.4 million. During the thirty-nine week period ended March 27, 2019, we have completed total sale leaseback transactions of 149 restaurant properties sold for aggregate consideration of $477.4 million. The balances attributable to the restaurant assets sold include Land of $110.4 million, Buildings and leasehold improvements of $231.1 million, certain fixtures included in Furniture and equipment of $9.8 million, and Accumulated Depreciation of $172.7 million. The total gain was $298.8 million and the net proceeds from these sale leaseback transactions have been used to repay borrowings on our revolving credit facility. Lease Details The initial terms of all leases are for 15 years, plus renewal options at our discretion, which contain scheduled rent increases. All of the leases were determined to be operating leases. Rent expenses associated with these operating leases are being recognized on a straight-line basis over the lease terms. As of March 27, 2019, $2.0 million of straight-line rent accrual has been recorded for these operating leases in Other liabilities in the Consolidated Balance Sheets. Gain and Deferred Gain Recognition We recognized the portion of the gross gain in excess of the present value of the future minimum lease payments, and deferred the remainder of the gain to be recognized straight-line in proportion to the operating lease terms. During the thirteen and thirty-nine week periods ended March 27, 2019, $4.7 million and $29.4 million of the gain was recognized to Other (gains) and charges in the Consolidated Statements of Comprehensive Income, respectively. The remaining balance of the deferred gain of $269.4 million as of March 27, 2019 was recorded in Other accrued liabilities (current portion) and Deferred gain on sale leaseback transactions (long-term portion) in the Consolidated Balance Sheets. Corporate Headquarters Relocation During the third quarter of fiscal 2018, we sold the owned portion of our corporate headquarters property for net proceeds of $13.7 million which was deferred in Other accrued liabilities in the Consolidated Balance Sheets until the third quarter of fiscal 2019 when we moved to our new corporate headquarters location, and fully relinquished possession of the sold property and terminated our involvement. As such, during the thirteen week period ended March 27, 2019 we recognized the sale, removed the balances attributable to the previous corporate headquarters assets sold that included Land of $5.9 million, Buildings and leasehold improvements of $10.6 million, Furniture and equipment of $0.7 million, and Accumulated Depreciation of $9.3 million, and recorded the related net gain of $5.8 million to Other (gains) and charges in the Consolidated Statements of Comprehensive Income. Please see Note 6 - Other Gains and Charges for further details, including accelerated depreciation recorded to Other (gains) and charges in the Consolidated Statements of Comprehensive Income related to the sold property.

X
- Definition Sale Leaseback Transactions [Abstract] + References No definition available. + Details
Name: | eat_SaleLeasebackTransactionsAbstract
Namespace Prefix: | eat_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for sale leaseback transaction. Includes, but is not limited to, terms and conditions of transaction and gain (loss) from transaction. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 40 -URI http://asc.fasb.org/subtopic&trid=2209073 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 40 -URI http://asc.fasb.org/subtopic&trid=77888253 + Details
Name: | us-gaap_SaleLeasebackTransactionDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration