Operating (Gains), Losses and Other Charges, Net

9 Months Ended

Sep. 28, 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				Three Quarters Ended
	September 28, 2022		September 29, 2021		September 28, 2022		September 29, 2021
	(In thousands)
Gains on sales of assets and other, net	$	(3,066)	$	(93)	$	(3,311)	$	(1,100)
Restructuring charges and exit costs	472		(122)		1,297		1,304
Impairment charges	697		—		963		—
Operating (gains), losses and other charges, net	$	(1,897)	$	(215)	$	(1,051)	$	204

As of September 28, 2022, we had recorded assets held for sale at their carrying amount of $1.1 million (consisting of property of $0.9 million and other assets of $0.2 million) related to three parcels of real estate. There were no assets held for sale as of December 29, 2021.

Restructuring charges and exit costs consisted of the following:


	Quarter Ended				Three Quarters Ended
	September 28, 2022		September 29, 2021		September 28, 2022		September 29, 2021
	(In thousands)
Exit costs	$	38	$	101	$	88	$	324
Severance and other restructuring charges	434		(223)		1,209		980
Total restructuring charges and exit costs	$	472	$	(122)	$	1,297	$	1,304

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 September 28, 2022 and December 29, 2021, we had accrued severance and other restructuring charges of $0.9 million and $0.1 million, respectively. The balance as of September 28, 2022 is expected to be paid during the next 12 months.

We recorded impairment charges of $0.7 million and $1.0 million (consisting of property and ROU assets) during the quarter and year-to-date period ended September 28, 2022, respectively, resulting from our assessment of underperforming restaurants and recoverability of ROU assets. The $0.7 million included $0.4 million related to property and $0.3 million related to operating lease ROU assets. The $1.0 million included $0.6 million related to property, $0.3 million related to operating lease ROU assets and $0.1 million related to finance lease ROU assets.