XML 48 R32.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Summary of Refranchisings and Franchise Acquisitions (Tables) | 12 Months Ended
--- | ---
Oct. 02, 2022
Summary Of Refranchisings, Franchisee Development And Acquisitions [Abstract] |
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.
Schedule of Franchise Acquisitions | The following summarizes the purchase consideration paid to Del Taco shareholders (in thousands, except per share data):
| Amount
Del Taco shares outstanding as of March 8, 2022 | 36,442
Del Taco RSAs subject to accelerated vesting | 805
Del Taco RSUs subject to accelerated vesting | 70
Del Taco options subject to accelerated vesting | 292
Total Del Taco shares outstanding | 37,610
Merger Consideration (per Del Taco share) | $ | 12.51 |
Total cash consideration paid to selling shareholders | $ | 470,500 |
Del Taco transaction costs paid by Jack in the Box (1) | 7,141 |
Del Taco closing indebtedness settled by Jack in the Box (2) | 115,219 |
Replacement share-based payment awards pre-combination vesting expense | 449 |
Total aggregate purchase consideration | $ | 593,309 |
____________________________ (1)Represents the portion of Del Taco merger-related transaction costs that were paid at the Closing Date by the Company. (2)Represents the closing indebtedness of Del Taco’s existing debt that was paid at the Closing Date by the Company. The final allocation of the purchase consideration, which includes measurement-period adjustments recorded in our third and fourth quarters of fiscal 2022, is as follows (in thousands):
| Initial Allocation of Consideration |  | Measurement Period Adjustments |  | October 2, 2022
Total aggregate purchase consideration, net of $12,068 cash acquired | $ | 581,241 |  |  | $ | — |  |  | $ | 581,241 |
Assets: |  |  |  |  |
Accounts and other receivables | 3,809 |  |  | 774 |  |  | 4,583 |
Inventories | 3,233 |  |  | — |  |  | 3,233 |
Prepaid expenses | 2,950 |  |  | — |  |  | 2,950 |
Other current assets | 105 |  |  | — |  |  | 105 |
Property and equipment | 150,826 |  |  | (5,794) |  |  | 145,032 |
Operating lease right-of-use assets | 349,489 |  |  | 800 |  |  | 350,289 |
Intangible assets | 12,371 |  |  | — |  |  | 12,371 |
Trademarks | 283,500 |  |  | — |  |  | 283,500 |
Other assets | 5,128 |  |  | — |  |  | 5,128 |
Liabilities: |  |  |  |  |
Current maturities of long-term debt | 22 |  |  | — |  |  | 22 |
Current operating lease liabilities | 21,991 |  |  | — |  |  | 21,991 |
Accounts payable | 18,808 |  |  | — |  |  | 18,808 |
Accrued liabilities | 66,739 |  |  | 45,840 |  |  | 112,579 |
Long-term debt, net of current maturities | 349 |  |  | — |  |  | 349 |
Long-term operating lease liabilities, net of current portion | 302,688 |  |  | 800 |  |  | 303,488 |
Deferred tax liabilities | 88,203 |  |  | (12,848) |  |  | 75,355 |
Other long-term liabilities | 13,080 |  |  | — |  |  | 13,080 |
Net assets acquired, excluding goodwill | $ | 299,531 |  |  | $ | (38,012) |  |  | $ | 261,519 |
Goodwill | $ | 281,710 |  |  | $ | 38,012 |  |  | $ | 319,722 |
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 |
Disclosure of Assets Held-for-sale | 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.

X
- Definition Summary Of Refranchisings And Franchise Acquisitions + References No definition available. + Details
Name: | jack_SummaryOfRefranchisingsAndFranchiseAcquisitionsTableTextBlock
Namespace Prefix: | jack_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230 + Details
Name: | us-gaap_DisclosureOfLongLivedAssetsHeldForSaleTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration