Note 6. Operating (Gains), Losses and Other Charges, Net

Operating (gains), losses and other charges, net are comprised of the following:

	Quarter Ended
	March 28, 2012				March 30, 2011
	(In thousands)
Gains on sales of assets and other, net		$	(1,955	)		$	(996	)
Restructuring charges and exit costs			1,267				467
Impairment charges			523				-
Operating (gains), losses and other charges, net		$	(165	)		$	(529	)

Gains on Sales of Assets

During the quarter ended March 28, 2012, we recognized net gains of $2.0 million, primarily resulting from the sale of six restaurant operations to two franchisees and the sale of a real estate asset. During the quarter ended March 30, 2011, we recognized net gains of $1.0 million, primarily resulting from the sale of nine restaurant operations to two franchisees (which included a note receivable of $0.5 million) and the recognition of deferred gains related to a restaurant sold to a franchisee during a prior period.

Restructuring Charges and Exit Costs

Restructuring charges and exit costs were comprised of the following:

	Quarter Ended
	March 28, 2012			March 30, 2011
	(In thousands)
Exit costs		$	579		$	362
Severance and other restructuring charges			688			105
Total restructuring and exit costs		$	1,267		$	467

The components of the change in accrued exit cost liabilities are as follows:

	(In thousands)
Balance at December 28, 2011	$	3,863
Provisions for units closed during the year (1)		97
Changes in estimates of accrued exit costs, net (1)		482
Payments, net of sublease receipts		(625	)
Interest accretion		86
Balance at March 28, 2012		3,903
Less current portion included in other current liabilities		1,147
Long-term portion included in other noncurrent liabilities	$	2,756

(1)	Included as a component of operating (gains), losses and other charges, net.

Estimated net cash payments related to exit cost liabilities in the next five years are as follows:

	(In thousands)
Remainder of 2012	$	1,195
2013		976
2014		772
2015		499
2016		264
Thereafter		1,349
Total		5,055
Less imputed interest		1,152
Present value of exit cost liabilities	$	3,903

As of March 28, 2012 and December 28, 2011, we had accrued severance and other restructuring charges of $0.6 million and less than $0.1 million, respectively. The balance as of March 28, 2012 is expected to be paid during the next 12 months.

Impairment

Impairment charges of $0.5 million for the quarter ended March 28, 2012 resulted primarily from the impairment of an underperforming unit and a unit identified as an asset held for sale.