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Impairments and Exit Costs | 9 Months Ended
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Sep. 29, 2024
Restructuring Costs and Asset Impairment Charges [Abstract] |
Impairments and Exit Costs | Impairments and Exit Costs The components of Provision for impaired assets and restaurant closings are as follows for the periods indicated:
| THIRTEEN WEEKS ENDED |  |  |  | THIRTY-NINE WEEKS ENDED |  |
(dollars in thousands) | SEPTEMBER 29, 2024 |  |  |  | SEPTEMBER 29, 2024 |  |  |  |
Impairment losses |  |  |  |  |  |  |  |  |
U.S. (1) | $ | 1,251 |  |  |  |  | $ | 3,103 |  |  |  |  |
International (2) | 17 |  |  |  |  | 14,065 |  |  |  |  |
Total impairment losses | $ | 1,268 |  |  |  |  | $ | 17,168 |  |  |  |  |
Restaurant closure charges |  |  |  |  |  |  |  |  |
U.S. (1) | $ | 615 |  |  |  |  | $ | 11,834 |  |  |  |  |
International (2) | 3,714 |  |  |  |  | 3,729 |  |  |  |  |
Total restaurant closure charges | 4,329 |  |  |  |  | 15,563 |  |  |  |  |
Provision for impaired assets and restaurant closings | $ | 5,597 |  |  |  |  | $ | 32,731 |  |  |  |  |
________________ (1)Primarily includes charges in connection with the 2023 Restaurant Closures, as discussed below. (2)Primarily includes charges in connection with the Q2 2024 decision to close nine restaurants in Hong Kong. 2023 Restaurant Closures - During the fourth quarter of 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 Restaurant Closures”). Following is a summary of expenses recognized in the Consolidated Statements of Operations and Comprehensive (Loss) Income for the period indicated (dollars in thousands):
DESCRIPTION |  | CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME CLASSIFICATION |  |  |  | THIRTY-NINE WEEKS ENDED |  |  |  |
|  |  |  | SEPTEMBER 29, 2024 |  |  |  |
Asset impairments and closure charges |  | Provision for impaired assets and restaurant closings |  |  |  | $ | 11,890 |  |  |  |  |
Severance and other expenses |  | General and administrative |  |  |  | 3,403 |  |  |  |  |
Closure-related labor costs |  | Labor and other related |  |  |  | 434 |  |  |  |  |
Total (1) |  |  |  |  |  | $ | 15,727 |  |  |  |  |
________________ (1)During the fourth quarter of 2023, the Company recognized $32.4 million of net charges in connection with the 2023 Restaurant Closures.

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- Definition The entire disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References No definition available. + Details
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