SUMMARY OF REFRANCHISINGS, FRANCHISEE DEVELOPMENT AND ACQUISITIONS

Refranchisings and franchisee development — The following table summarizes the number of restaurants sold to franchisees, the number of restaurants developed by franchisees, and the related fees and gains (losses) recognized in each fiscal year (dollars in thousands):



	2016			2015			2014
Restaurants sold to franchisees	1			21			37
New restaurants opened by franchisees:
Jack in the Box	12			16			11
Qdoba	18			22			22

Initial franchise fees	$	955		$	1,453		$	1,886

Proceeds from the sale of company-operated restaurants (1)	$	1,439		$	3,951		$	10,536
Net assets sold (primarily property and equipment)	(195		)	(4,283		)	(5,558		)
Goodwill related to the sale of company-operated restaurants	(15		)	(47		)	(170		)
Other (2)	1			(2,760		)	(6,500		)
Gains (losses) on the sale of company-operated restaurants	1,230			(3,139		)	(1,692		)
Loss on anticipated sale of a Jack in the Box company-operated market (3)	—			—			(1,856		)
Gains (losses) on the sale of company-operated restaurants	$	1,230		$	(3,139	)	$	(3,548	)

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(1)	Amounts in 2016, 2015 and 2014 include additional proceeds of $1.4 million, $1.5 million and $2.1 million, respectively, recognized upon the extension of the underlying franchise and lease agreements related to restaurants sold in a prior year.


(2)	Amounts in 2015 and 2014 primarily represent impairment and lease commitment charges related to restaurants closed in connection with the sale of the related markets, and charges for operating restaurant leases with lease commitments in excess of our sublease rental income.


(3)	In 2014, the loss on the anticipated sale of a Jack in the Box market relates to 25 company-operated restaurants of which we sold 20, and closed the remaining five, in fiscal 2015.

Franchise acquisitions — We acquired one, seven and four Jack in the Box franchise restaurants in 2016, 2015 and 2014, respectively. In 2016, we acquired 14 Qdoba franchise restaurants. We account for the acquisition of franchised restaurants using the acquisition method of accounting for business combinations. The purchase price allocations were based on fair value estimates determined using significant unobservable inputs (Level 3). The goodwill recorded primarily relates to the sales growth potential of the markets acquired and is expected to be deductible for income tax purposes. The following table provides detail of the combined acquisitions in each fiscal year (dollars in thousands):



	2016			2015			2014
Restaurants acquired from franchisees	15			7			4

Goodwill	$	17,034		$	—		$	256
Property and equipment	2,954			646			1,398
Gains on the acquisition of franchise-operated restaurants	(289		)	(33		)	—
Liabilities assumed	(114		)	(613		)	—
Other	231			—			96
Total consideration	$	19,816		$	—		$	1,750