XML 28 R12.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Summary of Refranchisings and Franchise Acquisitions | 12 Months Ended
--- | ---
Oct. 02, 2022
Summary Of Refranchisings, Franchisee Development And Acquisitions [Abstract] |
Summary of Refranchisings and Franchisee Acquisitions | SUMMARY OF REFRANCHISINGS AND FRANCHISE ACQUISITIONS Refranchisings — The following table summarizes the number of restaurants sold to franchisees and gains recognized in each fiscal year (dollars in thousands):
| 2022 |  | 2021 |  | 2020
Restaurants sold to Jack in the Box franchisees | 15 |  |  | — |  |  | — |
Proceeds from the sale of company-operated restaurants (1) | $ | 6,391 |  |  | $ | 1,827 |  |  | $ | 3,395 |
Net assets sold (primarily property and equipment) | (1,565) |  |  | — |  |  | — |
Goodwill related to the sale of company-operated restaurants | (948) |  |  | — |  |  | — |
Other (2) | — |  |  | 2,376 |  |  | (134) |
Gains on the sale of company-operated restaurants | $ | 3,878 |  |  | $ | 4,203 |  |  | $ | 3,261 |
________________________ (1)Amounts in 2022, 2021, and 2020 include additional proceeds of $1.4 million, $1.8 million, and $3.4 million, respectively, related to the extension of the underlying franchise and lease agreements from the sale of restaurants in prior years. (2)Amounts in 2021 and 2020 relate to adjustments to contingencies that were included in underlying franchise and lease agreements from the sale of restaurants in prior years. Franchise acquisitions — In 2022, 2021, and 2020, we acquired thirteen, twenty, and eight franchise restaurants, respectively. 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 market acquired and is expected to be deductible for income tax purposes. The following table provides detail of the combined acquisitions in 2022, 2021, and 2020 (dollars in thousands):
| 2022 |  | 2021 |  | 2020
Restaurants acquired from franchisees | 13 |  |  | 20 |  |  | 8 |
Inventory | $ | — |  |  | $ | 258 |  |  | $ | 73 |
Property and equipment | 540 |  |  | 1,136 |  |  | 903 |
Intangible assets | 66 |  |  | 245 |  |  | 263 |
Other assets | — |  |  | 10 |  |  | 6 |
Goodwill | — |  |  | 613 |  |  | 414 |
Gains on the acquisition of franchise-operated restaurants | (309) |  |  | (340) |  |  | — |
Liabilities assumed | — |  |  | (277) |  |  | (800) |
Total consideration | $ | 297 |  |  | $ | 1,645 |  |  | $ | 859 |
The total consideration of $0.3 million for the restaurants acquired in 2022 was comprised of franchise receivables owed to the Company as of the acquisition date. During the first quarter of 2022, we finalized certain estimates impacting total purchase consideration for the 2021 restaurant acquisitions and recorded the resulting measurement period adjustments which increased goodwill by $0.3 million. Assets held for sale — Assets classified as held for sale consisted of the following at each fiscal year-end (in thousands):
| October 2, 2022 |  | October 3, 2021
Jack in the Box restaurant properties held for sale (1) | $ | 14,151 |  |  | $ | — |
Other property and equipment held for sale (2) | 2,868 |  |  | 1,692 |
Assets held for sale | $ | 17,019 |  |  | $ | 1,692 |
________________________ (1)Consists of properties that are currently leased to franchisees which we intend to sell the underlying real estate directly to the franchisee and/or sell and leaseback with a third party within the next twelve months. (2)Consists primarily of owned properties of closed restaurants which we are actively marketing for sale. Discontinued operations — There were no discontinued operations during 2022 and 2021. The results of discontinued operations in 2020 pertain to the resolution of certain contingencies relating to our former Qdoba business which we sold in 2018.

X
- Definition Summary of refranchisings, franchisee development and acquisitions. + References No definition available. + Details
Name: | jack_SummaryOfRefranchisingsFranchiseeDevelopmentAndAcquisitionsAbstract
Namespace Prefix: | jack_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Summary of Refranchisings, Franchisee Developments and Acquisitions + References No definition available. + Details
Name: | jack_SummaryOfRefranchisingsFranchiseeDevelopmentsAndAcquisitionsTextBlock
Namespace Prefix: | jack_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration