Operating (Gains), Losses and Other Charges, Net

12 Months Ended

Dec. 29, 2021

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 29, 2021		December 30, 2020		December 25, 2019
	(In thousands)
Gains on sales of assets and other, net	$	(47,822)	$	(4,678)	$	(93,608)
Restructuring charges and exit costs	1,275		2,403		2,428
Impairment charges	442		4,083		—
Operating (gains), losses and other charges, net	$	(46,105)	$	1,808	$	(91,180)

Gains on sales of assets and other, net of $47.8 million for the year ended December 29, 2021 were primarily related to the sales of three parcels of real estate. 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.

Restructuring charges and exit costs consists of the following:


	Fiscal Year Ended
	December 29, 2021		December 30, 2020		December 25, 2019
	(In thousands)
Exit costs	$	323	$	204	$	272
Severance and other restructuring charges	952		2,199		2,156
Total restructuring charges and exit costs	$	1,275	$	2,403	$	2,428

Exit costs primarily consists of costs related to closed restaurants. 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 29, 2021 were primarily related to the relocation of certain support functions to our support center in the Dallas, Texas area. 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 year ended December 25, 2019 was primarily the result of positions eliminated as part of our refranchising and development strategy announced during the fourth quarter of 2018. As of December 29, 2021 and December 30, 2020, we had accrued severance and other restructuring charges of $0.1 million and $0.6 million, respectively. The balance as of December 29, 2021 is expected to be paid during the next 12 months.

We recorded impairment charges of $0.4 million for the year ended December 29, 2021 primarily resulting from an underperforming unit. The $0.4 million included $0.3 million related to property, $0.1 million related to finance lease ROU assets, and less than $0.1 million related to operating lease ROU assets. 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.