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Discontinued Operations (Tables) | 4 Months Ended
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Jan. 21, 2018
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations | The following table summarizes the Qdoba results for each period (in thousands, except per share data):
| Sixteen Weeks Ended
| January 21, 2018 |  | January 22, 2017
Company restaurant sales | $ | 125,770 |  |  | $ | 128,699 |
Franchise revenues | 5,986 |  |  | 6,053 |
Company restaurant costs (excluding depreciation and amortization) | (108,618 | ) |  | (105,716 | )
Franchise costs (excluding depreciation and amortization) | (1,408 | ) |  | (1,173 | )
Selling, general and administrative expenses | (12,264 | ) |  | (12,429 | )
Depreciation and amortization | (5,012 | ) |  | (6,695 | )
Impairment and other charges, net | (1,669 | ) |  | (3,904 | )
Interest expense, net | (3,212 | ) |  | (2,515 | )
(Losses) earnings from discontinued operations before income taxes | (427 | ) |  | 2,320 |
Income taxes | (205 | ) |  | (876 | )
(Losses) earnings from discontinued operations, net of income taxes | $ | (632 | ) |  | $ | 1,444 |
Net (losses) earnings per share from discontinued operations: |  |  |
Basic | $ | (0.02 | ) |  | $ | 0.05 |
Diluted | $ | (0.02 | ) |  | $ | 0.05 |
Quarterly Financial Information | The following is a summary of the unaudited quarterly results of Qdoba operations for fiscal 2017 (in thousands, except per share data):
| Sixteen Weeks Ended |  | Twelve Weeks Ended
| January 22, 2017 |  | April 16, 2017 |  | July 9, 2017 |  | October 1, 2017
Company restaurant sales | $ | 128,699 |  |  | $ | 98,793 |  |  | $ | 107,067 |  |  | $ | 102,000 |
Franchise revenues | 6,053 |  |  | 4,711 |  |  | 4,678 |  |  | 4,622 |
Company restaurant costs (excluding depreciation and amortization) | (105,716 | ) |  | (80,713 | ) |  | (84,747 | ) |  | (86,194 | )
Franchise costs (excluding depreciation and amortization) | (1,173 | ) |  | (910 | ) |  | (879 | ) |  | (2,031 | )
Selling, general and administrative expenses | (12,429 | ) |  | (7,956 | ) |  | (8,232 | ) |  | (8,089 | )
Depreciation and amortization | (6,695 | ) |  | (5,057 | ) |  | (5,023 | ) |  | (4,725 | )
Impairment and other charges, net | (3,904 | ) |  | (3,811 | ) |  | (1,815 | ) |  | (5,531 | )
Interest expense, net | (2,515 | ) |  | (2,044 | ) |  | (2,229 | ) |  | (2,237 | )
(Losses) earnings from discontinued operations before income taxes | 2,320 |  |  | 3,013 |  |  | 8,820 |  |  | (2,185 | )
Income taxes | (876 | ) |  | (1,181 | ) |  | (3,398 | ) |  | 937 |
(Losses) earnings from discontinued operations, net of income taxes | $ | 1,444 |  |  | $ | 1,832 |  |  | $ | 5,422 |  |  | $ | (1,248 | )
Net (losses) earnings per share from discontinued operations: |  |  |  |  |  |  |
Basic | $ | 0.05 |  |  | $ | 0.06 |  |  | $ | 0.18 |  |  | $ | (0.04 | )
Diluted | $ | 0.05 |  |  | $ | 0.06 |  |  | $ | 0.18 |  |  | $ | (0.04 | )
Disclosure of Long Lived Assets Held-for-sale | The following table summarizes the major categories of assets and liabilities classified as held for sale in our condensed consolidated balance sheets as of the end of each period (in thousands):
| January 21, 2018 |  | October 1, 2017
Cash | $ | 3,942 |  |  | $ | 3,175 |
Accounts receivable, net | 8,529 |  |  | 9,086 |
Inventories | 3,168 |  |  | 3,202 |
Prepaid expenses and other current assets | 5,144 |  |  | 8,802 |
Property and equipment, net | 161,643 |  |  | 148,715 |
Intangible assets, net | 12,517 |  |  | 12,660 |
Goodwill | 117,636 |  |  | 117,636 |
Other assets, net | 1,735 |  |  | 1,785 |
Total assets classified as held for sale (1) | $ | 314,314 |  |  | $ | 305,061 |
Accounts payable | $ | 5,903 |  |  | $ | 8,936 |
Accrued liabilities | 24,472 |  |  | 25,251 |
Current maturities of long-term debt | 175 |  |  | 158 |
Straight-line rent accrual | 14,319 |  |  | 13,347 |
Deferred income tax liability (2) | 5,444 |  |  | 6,421 |
Other long-term liabilities | 11,208 |  |  | 12,310 |
Total liabilities classified as held for sale | $ | 61,521 |  |  | $ | 66,423 |
____________________________
(1) | Current assets held for sale on our condensed consolidated balance sheets include Jack in the Box assets held for sale of $18.0 million and $18.5 million as of January 21, 2018 and October 1, 2017, respectively.
(2) | Prior to held for sale presentation, Qdoba’s deferred income tax liability as of January 22, 2017 was netted against the Jack in the Box deferred income tax assets in other assets, net on our condensed consolidated balance sheet.
Schedule of Current and Non-current Liabilities Held-for-Sale | Our liability for Qdoba lease commitments is included in current liabilities held for sale as of January 21, 2018 and is included in current and non-current liabilities held for sale as of October 1, 2017 in the accompanying condensed consolidated balance sheets and has changed as follows in 2018 (in thousands):
Balance as of October 1, 2017 | $ | 2,473 |
Adjustments (1) | 193 |
Cash payments | (800 | )
Balance as of January 21, 2018 (2) | $ | 1,866 |
____________________________
(1) | Adjustments relate to revisions to certain sublease assumptions due to changes in market conditions and includes interest expense.
(2) | The weighted average remaining lease term related to these commitments is approximately 2 years.
Total accrued severance costs related to our restructuring activities are included in accrued liabilities and changed as follows during 2018 (in thousands):
Balance as of October 1, 2017 |  | $ | 648 |
Adjustments (1) |  | (456 | )
Cash payments |  | (150 | )
Balance as of January 21, 2018 |  | $ | 42 |
____________________________
(1) | Adjustments in accrued severance costs are the result of the change in number of employees to be terminated in connection with our restructuring activities.

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- Definition Tabular disclosure of long lived assets held for sale. Disclosure may include the description of the facts and circumstances leading to the expected disposal, manner and timing of disposal, the carrying value of the assets held for sale, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=84176398&loc=d3e2941-110230 + Details
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- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721665-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1474-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721683-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=84176398&loc=SL51724579-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721675-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721663-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=84176398&loc=d3e2941-110230 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721673-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721659-107760 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721671-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721677-107760 + Details
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