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SUMMARY OF REFRANCHISINGS AND FRANCHISE ACQUISITIONS | 9 Months Ended
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Jul. 09, 2023
Summary Of Refranchisings, Franchisee Development And Acquisitions [Abstract] |
SUMMARY OF REFRANCHISINGS AND FRANCHISE ACQUISITIONS | SUMMARY OF REFRANCHISINGS AND FRANCHISE ACQUISITIONS Refranchisings — The following table summarizes the number of restaurants sold to franchisees and gains recognized (dollars in thousands):
| Quarter |  | Year-to-date
| July 9, 2023 |  | July 10, 2022 (1) |  | July 9, 2023 |  | July 10, 2022 (1)
Restaurants sold to Jack in the Box franchisees | — |  |  | — |  |  | 5 |  | — |
Restaurants sold to Del Taco franchisees | 50 |  |  | — |  |  | 66 |  | — |
Proceeds from the sale of company-operated restaurants | $ | 33,428 |  |  | $ | 802 |  |  | $ | 51,845 |  |  | $ | 1,402 |
Broker commissions | (1,014) |  |  | — |  |  | (1,014) |  |  | — |
Net assets sold (primarily property and equipment) | (6,705) |  |  | — |  |  | (10,798) |  |  | — |
Goodwill related to the sale of company-operated restaurants | (14,194) |  |  | — |  |  | (21,503) |  |  | — |
Franchise fees | (1,385) |  |  | — |  |  | (1,962) |  |  | — |
Sublease liabilities, net | (3,580) |  |  | — |  |  | (4,777) |  |  | — |
Lease termination | — |  |  | — |  |  | (393) |  |  | — |
Other (2) | (756) |  |  | — |  |  | (1,075) |  |  | 258 |
Gains on the sale of company-operated restaurants | $ | 5,794 |  |  | $ | 802 |  |  | $ | 10,323 |  |  | $ | 1,660 |
____________________________ (1)Amounts in periods presented for 2022 primarily relate to additional proceeds received in connection with the extension of franchise and lease agreements from the sale of restaurants in prior years. (2)The quarter and year-to-date amounts include $0.3 million relating to impairment on two restaurants that will be refranchised in the fourth quarter of 2023. Franchise acquisitions — In 2023, the Company did not acquire any franchise restaurants. In 2022, the Company acquired thirteen Jack in the Box franchise restaurants in two markets. 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). These acquisitions were not material to our condensed consolidated financial statements. Assets held for sale — Assets classified as held for sale on our condensed consolidated balance sheets as of July 9, 2023 and October 2, 2022 have carrying amounts of $10.0 million and $17.0 million, respectively. These amounts relate to i) company-owned restaurants to be refranchised, ii) operating restaurant properties which we intend to sell to franchisees and/or sell and leaseback with a third party and iii) closed restaurant properties which we are marketing for sale.

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