Operating (Gains), Losses and Other Charges, Net

12 Months Ended

Dec. 27, 2023

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 27, 2023		December 28, 2022		December 29, 2021
		(In thousands)
Gains on sales of assets and other, net		$	(2,220)	$	(3,378)	$	(47,822)
Restructuring charges and exit costs		2,536		1,410		1,275
Impairment charges (1)		2,214		963		442
Operating (gains), losses and other charges, net		$	2,530	$	(1,005)	$	(46,105)

(1)	Impairment charges include impairments related to property, operating right-of-use assets, finance right-of-use assets, and reacquired franchise rights.

Gains on sales of assets and other, net for the years ended December 27, 2023, December 28, 2022, and December 29, 2021, were primarily related to the sales of real estate.

Restructuring charges and exit costs consists of the following:


	Fiscal Year Ended
	December 27, 2023		December 28, 2022		December 29, 2021
	(In thousands)
Exit costs	$	190	$	86	$	323
Severance and other restructuring charges	2,346		1,324		952
Total restructuring charges and exit costs	$	2,536	$	1,410	$	1,275

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 9.

Severance and other restructuring charges primarily consist of severance costs for the years ended December 27, 2023 and December 28, 2022. 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. As of December 27, 2023 and December 28, 2022, we had accrued severance and other restructuring charges of $1.4 million and $0.7 million, respectively. The balance as of December 27, 2023 is expected to be paid during the next 12 months.

We recorded impairment charges of $2.2 million for the year ended December 27, 2023 primarily resulting from underperforming units. The $2.2 million included $1.3 million related to property and $0.9 million related to operating lease right-of-use assets, less than $0.1 million related to finance lease right-of-use assets, and less than $0.1 million related to reacquired franchise rights. We recorded impairment charges of $1.0 million for the year ended December 28, 2022 primarily resulting from underperforming units. The $1.0 million included $0.6 million related to property, $0.3 million related to operating lease right-of-use assets, and less than $0.1 million related to finance lease right-of-use assets. 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 right-of-use assets, and less than $0.1 million related to operating lease right-of-use assets.