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Business Acquisition (Tables)

12 Months Ended

Dec. 31, 2024

The following table summarizes the estimated fair value of net assets acquired at December 13, 2022:


	(In millions)
Receivables and other current assets	$	1.1
Property and equipment and other non-current assets	2.1
Tradename	57.2
Franchise agreements	14.8
Other intangible assets	0.5
Goodwill	7.0
Accounts payable and other liabilities	(4.4)
Net cash paid for acquisition	$	78.3

The following table summarizes the estimated fair value of net assets acquired at the date of acquisition:


	(In millions)

Equipment and fixtures	$	1.1
Inventory and other current assets	0.2
Total identifiable assets acquired	1.3

Liabilities assumed	(0.7)

Bargain purchase gain	$	0.6

The following table summarizes the recognized amount of assets acquired and liabilities assumed at the date of acquisition:


	(In millions)



Equipment and fixtures	$	12.0
Inventory and other current assets	0.9
Reacquired franchise rights	0.3
Off-market leases	(4.1)
Total identifiable assets acquired	9.1


Liabilities assumed	(3.6)

Total identifiable net assets	5.5
Goodwill	2.8
Consideration transferred	$	8.3