Operating (Gains), Losses and Other Charges, Net |
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| Operating (Gains), Losses and Other Charges, Net | Operating (Gains), Losses and Other Charges, Net Operating (gains), losses and other charges, net consisted of the following:
During the quarters and year-to-date periods ended June 25, 2025 and June 26, 2024, (gains) losses on sales of assets and other, net were primarily related to the sales of real estate and restaurants. As of June 25, 2025, we had recorded assets held for sale at their carrying amount of $1.1 million (consisting of property of $0.7 million and goodwill of $0.4 million) related to one parcel of real estate and two restaurants. As of December 25, 2024, we had recorded assets held for sale at their carrying amount of $0.4 million (consisting of property) related to two parcels of real estate. We recorded impairment charges of less than $0.1 million and $3.3 million for the quarter and year-to-date periods ended June 25, 2025, respectively. The impairment charge for the quarter related to an operating lease right-of-use asset. The $3.3 million charge for the year-to-date period ended June 25, 2025 included $2.0 million related to franchise agreements for closed units. Additionally, $0.4 million of property and $0.9 million of operating lease right-of-use assets were impaired related to the relocation of certain support functions. Restructuring charges and exit costs consisted of the following:
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. Severance and other restructuring charges for the quarter and year-to-date periods ended June 25, 2025 primarily consisted of severance costs resulting from the elimination of 26 positions during the quarter and 66 positions year-to-date, as part of a cost savings initiative. As of June 25, 2025 and December 25, 2024, we had accrued severance and other restructuring charges of $2.0 million and $0.3 million, respectively. The balance as of June 25, 2025 is expected to be paid during the next 12 months.
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