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Summary of Refranchisings and Franchise Acquisitions (Tables) | 12 Months Ended
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Sep. 29, 2024
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):
| 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.
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 was as follows (in thousands):
Total aggregate purchase consideration, net of $12,068 cash acquired |  |  |  |  | $ | 581,241 |
Assets: |  |  |  |  |
Accounts and other receivables |  |  |  |  | 4,583 |
Inventories |  |  |  |  | 3,233 |
Prepaid expenses |  |  |  |  | 2,950 |
Other current assets |  |  |  |  | 105 |
Property and equipment |  |  |  |  | 145,032 |
Operating lease right-of-use assets |  |  |  |  | 350,289 |
Intangible assets |  |  |  |  | 12,371 |
Trademarks |  |  |  |  | 283,500 |
Other assets |  |  |  |  | 5,128 |
Liabilities: |  |  |  |  |
Current maturities of long-term debt |  |  |  |  | 22 |
Current operating lease liabilities |  |  |  |  | 21,991 |
Accounts payable |  |  |  |  | 18,808 |
Accrued liabilities |  |  |  |  | 112,579 |
Long-term debt, net of current maturities |  |  |  |  | 349 |
Long-term operating lease liabilities, net of current portion |  |  |  |  | 303,488 |
Deferred tax liabilities |  |  |  |  | 75,355 |
Other long-term liabilities |  |  |  |  | 13,080 |
Net assets acquired, excluding goodwill |  |  |  |  | $ | 261,519 |
Goodwill |  |  |  |  | $ | 319,722 |
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
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):
| 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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- 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 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3 + Details
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- 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 -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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