v3.25.2
Assets Held For Sale
6 Months Ended
Jun. 28, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Assets Held For Sale Assets Held For Sale
The changes in assets held for sale for the six months ended June 28, 2025 were as follows:
(in thousands)
Balance at December 28, 2024
$77,616 
Additions1,345 
Loss on sale, net(6,115)
Sales and disposals(7,942)
Balance at June 28, 2025
$64,904 
During the six months ended June 28, 2025 and June 29, 2024, management continued to enhance properties included within held for sale resulting in an increase to assets held for sale of $1 million and $59 million, respectively. The Company recognized a net loss on sale within selling, general, and administrative expenses on the unaudited consolidated statement of operations of $3 million and $7 million during the three and six months ended June 28, 2025, respectively, and a net loss on sale of $5 million and $14 million during the three and six months ended June 29, 2024, respectively. Loss on sale, net includes the sale of four locations and six locations, during the three and six months ended June 28, 2025, respectively, and the sale of 17 locations and 30 locations during the three and six months ended June 29, 2024, respectively, as well as adjustments in fair values during the periods. The Company will continue to evaluate the fair value of assets held for sale, which may result in additional net losses upon sale based on unfavorable market conditions or other economic factors in the future.