Operating (Gains), Losses and Other Charges, Net

6 Months Ended

Jun. 28, 2023

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				Two Quarters Ended
	June 28, 2023		June 29, 2022		June 28, 2023		June 29, 2022
	(In thousands)
Gains on sales of assets and other, net	$	(522)	$	(99)	$	(2,044)	$	(245)
Restructuring charges and exit costs	1,698		679		1,762		825
Impairment charges	—		266		129		266
Operating (gains), losses and other charges, net	$	1,176	$	846	$	(153)	$	846

We recorded impairment charges of $0.1 million related to property for the year-to-date period ended June 28, 2023, resulting from assets being classified as held for sale. As of June 28, 2023, we had recorded assets held for sale at the lesser of carrying value or fair value amount of $1.6 million (consisting of property of $0.9 million, goodwill of $0.6 million and other assets of $0.1 million) related to one parcel of real estate and three Keke's restaurants. As of December 28, 2022, we had recorded assets held for sale at their carrying amount of $1.4 million (consisting of property of $1.1 million and other assets of $0.3 million) related to four parcels of real estate.

Restructuring charges and exit costs consisted of the following:


	Quarter Ended				Two Quarters Ended
	June 28, 2023		June 29, 2022		June 28, 2023		June 29, 2022
	(In thousands)
Exit costs	$	52	$	38	$	52	$	50
Severance and other restructuring charges	1,646		641		1,710		775
Total restructuring charges and exit costs	$	1,698	$	679	$	1,762	$	825

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 June 28, 2023 and December 28, 2022, we had accrued severance and other restructuring charges of $1.8 million and $0.7 million, respectively. The balance as of June 28, 2023 is expected to be paid primarily during the next 12 months.