XML 23 R10.htm IDEA: XBRL DOCUMENT v3.25.0.1
SUMMARY OF REFRANCHISINGS AND ASSETS HELD FOR SALE
4 Months Ended
Jan. 19, 2025
Summary Of Refranchisings, Franchisee Development And Acquisitions [Abstract]  
SUMMARY OF REFRANCHISINGS AND ASSETS HELD FOR SALE SUMMARY OF REFRANCHISINGS AND ASSETS HELD FOR SALE
Refranchisings — The following table summarizes the number of restaurants sold to franchisees and the loss or gain recognized (dollars in thousands):
Sixteen Weeks Ended
January 19,
2025
January 21,
2024
Restaurants sold to Del Taco franchisees13 — 
Proceeds from the sale of company-operated restaurants (1)$5,712 $1,739 
Net assets sold (primarily property and equipment)(1,794)— 
Goodwill related to the sale of company-operated restaurants(461)— 
Franchise fees(364)— 
Lease termination(217)— 
Other (2)
(70)(1,993)
Gain (loss) on the sale of company-operated restaurants$2,806 $(254)
____________________________
(1)Amounts in 2024 reflect additional proceeds received in connection with the extension of franchise and lease agreements from the sale of restaurants in prior years.
(2)Amount in 2024 includes a $2.2 million impairment of assets related to a Del Taco refranchising transaction that closed in the second quarter of 2024.
Assets held for sale — Assets classified as held for sale on our condensed consolidated balance sheets as of January 19, 2025 and September 29, 2024 have carrying amounts of $12.4 million and $16.5 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.