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FRANCHISE ACQUISITIONS | 6 Months Ended
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Apr. 13, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
FRANCHISE ACQUISTIONS | FRANCHISE ACQUISITIONS Franchise acquisitions — During the first quarter of 2024, the Company acquired 9 Del Taco franchise restaurants for $86 thousand as part of two separate transactions, and recognized related gains of $2.4 million. This amount is recorded in “Other operating expenses, net” in the accompanying condensed consolidated statements of earnings (loss). The Company did not acquire any Jack in the Box or Del Taco franchise restaurants in the first or second quarter of 2025. For further information, see Note 8, O ther Operating Expenses, Net, in the notes to the condensed consolidated financial statements. The following table summarizes the number of restaurants acquired from franchisees and the gains recognized (dollars in thousands):
|  |  | Year-to-date |  |
|  |  | April 14, 2024 |  |  |  |
Restaurants acquired from Jack in the Box franchisees |  |  | — |  |  |  |  |
Restaurants acquired from Del Taco franchisees |  |  | 9 |  |  |  |  |
Purchase price (1) |  |  | $ | (86) |  |  |  |  |
Closing and acquisition costs |  |  | (43) |  |  |  |  |
Property and equipment |  |  | 3,612 |  |  |  |  |
Intangible assets |  |  | 167 |  |  |  |  |
Operating lease right-of-use assets |  |  | 3,211 |  |  |  |  |
Operating lease liabilities |  |  | (4,505) |  |  |  |  |
Gain on the acquisition of franchise-operated restaurants |  |  | $ | 2,357 |  |  |  |  |
____________________________ (1)Comprised of outstanding receivables from franchisee forgiven upon acquisition. 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).

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- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-5 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/805/tableOfContent + Details
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