Operating (Gains), Losses and Other Charges, Net

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



	Quarter Ended					Two Quarters Ended
	June 29, 2016			July 1, 2015		June 29, 2016			July 1, 2015
	(In thousands)
Pension settlement loss	$	24,297		$	—	$	24,297		$	—
Losses (gains) on sales of assets and other, net	(43		)	2		(687		)	(20		)
Restructuring charges and exit costs	(13		)	181		506			762
Impairment charges	—			45		—			94
Operating (gains), losses and other charges, net	$	24,241		$	228	$	24,116		$	836

The pre-tax pension settlement loss of $24.3 million related to the completion of the Pension Plan liquidation during the quarter ended June 29, 2016. See Note 9 for details on the Pension Plan liquidation. Gains on sales of assets and other, net of $0.7 million for the two quarters ended June 29, 2016 primarily related to restaurants sold to franchisees.

Restructuring charges and exit costs were comprised of the following:



	Quarter Ended					Two Quarters Ended
	June 29, 2016			July 1, 2015		June 29, 2016		July 1, 2015
	(In thousands)
Exit costs	$	(36	)	$	87	$	115	$	540
Severance and other restructuring charges	23			94		391		222
Total restructuring charges and exit costs	$	(13	)	$	181	$	506	$	762

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



	(In thousands)
Balance, December 30, 2015	$	2,043
Exit costs ⁽¹⁾	115
Payments, net of sublease receipts	(269		)
Interest accretion	62
Balance, June 29, 2016	1,951
Less current portion included in other current liabilities	717
Long-term portion included in other noncurrent liabilities	$	1,234


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

As of June 29, 2016 and December 30, 2015, we had accrued severance and other restructuring charges of $0.3 million and $0.4 million, respectively. The balance as of June 29, 2016 is expected to be paid during the next 12 months.