Operating (Gains), Losses and Other Charges, Net

12 Months Ended

Dec. 30, 2020

Other Income and Expenses [Abstract]

Operating (Gains), Losses and Other Charges, Net

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


	Fiscal Year Ended
	December 30, 2020		December 25, 2019		December 26, 2018
	(In thousands)
Gains on sales of assets and other, net	$	(4,678)	$	(93,608)	$	(513)
Restructuring charges and exit costs	2,403		2,428		1,575
Impairment charges	4,083		—		1,558
Operating (gains), losses and other charges, net	$	1,808	$	(91,180)	$	2,620

Gains on sales of assets and other, net of $4.7 million for the year ended December 30, 2020 were primarily related to the sales of parcels of real estate. Gains on sales of assets and other, net of $93.6 million for the year ended December 25, 2019 were primarily the result of sales of company restaurants and real estate as part of our refranchising and development strategy. See Note 13 for details on refranchisings. Gains on sales of assets and other, net of $0.5 million for the year ended December 26, 2018 primarily related to gains of $1.2 million of insurance settlements on fire-damaged and hurricane-damaged restaurants, partially offset by $0.7 million of losses on sales of company owned units to franchisees.

Restructuring charges and exit costs consists of the following:


	Fiscal Year Ended
	December 30, 2020		December 25, 2019		December 26, 2018
	(In thousands)
Exit costs	$	204	$	272	$	518
Severance and other restructuring charges	2,199		2,156		1,057
Total restructuring charges and exit costs	$	2,403	$	2,428	$	1,575

Exit costs primarily consists of costs related to closed restaurants. Exit cost liabilities were $0.1 million and $0.2 million as of December 30, 2020 and December 25, 2019, respectively. Exit cost liabilities related to lease costs are included as a component of operating lease liabilities in our Consolidated Balance Sheets. See Note 8.

Severance and other restructuring charges for the year ended December 30, 2020 were primarily related to positions eliminated as a cost reduction effort in response to the COVID-19 pandemic. Severance and other restructuring charges for the years ended December 25, 2019 and December 26, 2018 were primarily the result of positions eliminated as part of our refranchising and development strategy announced during the fourth quarter of 2018. As of December 30, 2020 and December 25, 2019, we had accrued severance and other restructuring charges of $0.6 million and $0.9 million, respectively. The balance as of December 30, 2020 is expected to be paid during the next 12 months.We recorded impairment charges of $4.1 million for the year ended December 30, 2020 resulting from the impacts of the COVID-19 pandemic. The $4.1 million included $2.4 million related to property, $1.6 million related to operating lease ROU assets, $0.1 million related to reacquired franchise rights and less than $0.1 million related to finance lease ROU assets. Impairment charges of $1.6 million for the year ended December 26, 2018 primarily related to the impairment of an underperforming unit.