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Impairments and Exit Costs
3 Months Ended
Mar. 31, 2024
Impairments, Exit Costs and Disposals [Abstract]  
Impairments and Exit Costs Impairments and Exit Costs
The components of Provision for impaired assets and restaurant closings are as follows for the period indicated:
THIRTEEN WEEKS ENDED
(dollars in thousands)MARCH 31, 2024
Impairment losses
U.S. $1,852 
Restaurant closure charges (benefits)
U.S.9,084 
International(63)
Total restaurant closure charges9,021 
Provision for impaired assets and restaurant closings$10,873 

2023 Closure Initiative - During 2023, the Company closed three U.S. and two international Aussie Grill restaurants and made the decision to close 36 predominantly older, underperforming U.S. restaurants (the “2023 Closure Initiative”). The Company has completed all restaurant closures under the 2023 Closure Initiative. Following is a summary of expenses related to the 2023 Closure Initiative charges recognized in the Consolidated Statements of Operations and Comprehensive (Loss) Income for the period indicated (dollars in thousands):
DESCRIPTIONCONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME CLASSIFICATIONTHIRTEEN WEEKS ENDED
MARCH 31, 2024
Asset impairments and closure chargesProvision for impaired assets and restaurant closings$10,094 
Severance and other expensesGeneral and administrative2,427 
Closure-related labor costsLabor and other related434 
$12,955 

The remaining impairment and closure charges during the period presented resulted primarily from locations identified for closure.