13.  MSBC Divestiture

On July 20, 2026, the Company completed the sale of certain assets used in its MSBC business to a third party, including the MSBC tradename and other intellectual property and the assets used in thirty-five MSBC restaurant locations. As a result of the sale, the Company recognized a loss on the sale of certain MSBC business assets of $27,039 related to the divestiture which is recorded in the loss on sale of business assets line in the Consolidated Statements of Income in 2026.

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Simultaneously with the completion of the sale of certain assets used in the MSBC business, the Company closed its remaining sixteen MSBC restaurant locations on July 20, 2026. In connection with the closure of the remaining MSBC locations and exiting the business, the Company recognized an impairment charge of $8,523 associated primarily with long-lived assets as well as a charge of $5,430 in closing costs consisting primarily of severance, contract termination costs and other closure-related activities in 2026. The impairment, store closing costs and other closure-related charges were recorded in the impairment and store closing costs line on the Consolidated Statements of Income.

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Management concluded that the disposal does not represent a strategic shift that has, or will have, a major effect on the Company's operations and financial results.