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Operating (Gains), Losses and Other Charges, Net

3 Months Ended

Mar. 30, 2022

Other Income and Expenses [Abstract]

Operating (Gains), Losses and Other Charges, Net

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


	Quarter Ended
		March 30, 2022		March 31, 2021
		(In thousands)
Gains on sales of assets and other, net		$	(146)	$	(942)
Restructuring charges and exit costs		146		1,474

Operating (gains), losses and other charges, net		$	—	$	532

As of March 30, 2022, we had recorded assets held for sale at their carrying amount of $1.3 million (consisting of property of $1.0 million and other assets of $0.3 million) related to three parcels of real estate. There were no assets held for sale recorded as of December 29, 2021.

Restructuring charges and exit costs consisted of the following:


	Quarter Ended
		March 30, 2022		March 31, 2021
		(In thousands)
Exit costs		$	12	$	82
Severance and other restructuring charges		134		1,392
Total restructuring charges and exit costs		$	146	$	1,474

Exit costs primarily consist 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.

As of March 30, 2022 and December 29, 2021, we had accrued severance and other restructuring charges of $0.1 million and $0.1 million, respectively. The balance as of March 30, 2022 is expected to be paid during the next 12 months.