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Summary of Refranchisings and Franchise Acquisitions | 12 Months Ended
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Sep. 29, 2024
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):
| 2024 |  | 2023 |  | 2022
Restaurants sold to Jack in the Box franchisees | — |  |  | 5 |  |  | 15 |
Restaurants sold to Del Taco franchisees | 47 |  |  | 111 |  |  | — |
Proceeds from the sale of company-operated restaurants (1) | $ | 19,400 |  |  | $ | 85,221 |  |  | $ | 6,391 |
Broker commissions | — |  |  | (1,614) |  |  | — |
Net assets sold (primarily property and equipment) | (5,310) |  |  | (17,101) |  |  | (1,565) |
Goodwill related to the sale of company-operated restaurants | (6,835) |  |  | (35,544) |  |  | (948) |
Franchise fees | (1,266) |  |  | (3,086) |  |  | — |
Sublease liabilities, net | (140) |  |  | (8,559) |  |  | — |
Lease termination | (225) |  |  | (393) |  |  | — |
Other (2) | (2,369) |  |  | (926) |  |  | — |
Gains on the sale of company-operated restaurants | $ | 3,255 |  |  | $ | 17,998 |  |  | $ | 3,878 |
________________________ (1)Amounts in 2024, 2023, and 2022 include additional proceeds of $1.5 million, $0.9 million, and $1.4 million, respectively, related to the extension of the underlying franchise and lease agreements from the sale of restaurants in prior years. (2)Amount in 2024 is primarily comprised of a $2.2 million loss on sale of assets related to a Del Taco refranchising transaction that closed in the second quarter of 2024. Amount in 2023 is primarily related to charges for a restaurant that was closed due to refranchising the related market. Franchise acquisitions — In 2024, Del Taco purchased 10 franchise-operated restaurants for $86 thousand as part of three separate transactions, and recognized related gains of $2.7 million. In 2022, Jack in the Box acquired 13 franchise restaurants for total consideration of $0.3 million, comprised of franchise receivables owed to the Company as of the acquisition date. There were no such acquisitions in 2023. 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 following table provides detail of the combined acquisitions in the following periods (dollars in thousands):
| 2024 |  | 2023 |  | 2022
Restaurants acquired from Jack in the Box franchisees | — |  |  | — |  |  | 13 |
Restaurants acquired from Del Taco franchisees | 10 |  |  | — |  |  | — |
Purchase price (1) | (86) |  |  | — |  |  | (297) |
Closing and acquisition costs | (31) |  |  | — |  |  | — |
Property and equipment | 3,945 |  |  | — |  |  | 540 |
Intangible assets | 167 |  |  | — |  |  | 66 |
Operating lease right-of-use assets | 3,479 |  |  | — |  |  | — |
Operating lease liability | (4,772) |  |  | — |  |  | — |
Gain on the acquisition of franchise-operated restaurants | $ | 2,702 |  |  | $ | — |  |  | $ | 309 |
(1)The amounts related to outstanding receivables from franchisee forgiven upon acquisition Assets held for sale — Assets classified as held for sale consisted of the following at each fiscal year-end (in thousands):
| 2024 |  | 2023
Jack in the Box restaurant properties (1) | $ | 14,567 |  |  | $ | 11,097 |
Other property and equipment (2) | 199 |  |  | 766 |
Del Taco restaurants to be refranchised: |  |  |
Property and equipment | 1,318 |  |  | 771 |
Goodwill | 409 |  |  | 1,291 |
Assets held for sale | $ | 16,493 |  |  | $ | 13,925 |
________________________ (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.

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