Quarterly report pursuant to Section 13 or 15(d)

Other Charges, net

Other Charges, net
6 Months Ended
Jul. 10, 2022
Other Income and Expenses [Abstract]  
Other Charges, net Other Charges, net
Other charges, net consisted of the following (in thousands):
Twelve Weeks Ended Twenty-Eight Weeks Ended
July 10, 2022 July 11, 2021 July 10, 2022 July 11, 2021
Asset Impairment $ 8,739  $ 115  $ 10,861  $ 1,357 
Litigation contingencies (1,806) 85  (86) 1,170 
Restaurant closure and refranchising costs 930  1,752  1,879  4,199 
Other financing costs 61  —  370  — 
COVID-19 related charges 93  244  300  813 
Executive transition 129  —  129  — 
Board and stockholder matter costs —  —  —  128 
Other charges, net $ 8,146  $ 2,196  $ 13,453  $ 7,667 

The Company recognized non-cash impairment charges primarily related to restaurant assets at six and nine Company-owned restaurants during the twelve and twenty-eight weeks ended July 10, 2022, respectively, and one Company-owned restaurant for the twenty-eight weeks ended July 11, 2021.
Restaurant closure costs include the ongoing restaurant operating costs of the Company-owned restaurants that remained temporarily closed due to the COVID-19 pandemic, as well as any costs incurred for permanently closed restaurants including lease termination costs.
Litigation contingencies during the twelve and twenty-eight weeks ended July 10, 2022 include the impact of cash proceeds received by the Company related to certain legal claims. Litigation contingencies during the twelve and twenty-eight weeks ended July 10, 2022 and July 11, 2021 include legal settlement costs accrued related to pending or threatened litigation.
Other financing costs include fees related to the entry by the Company into the New Credit Agreement (as defined below) on March 4, 2022 that were not capitalized with the closing of the New Credit Facility. See Footnote 6. Borrowings.
COVID-19 related costs include the costs of purchasing personal protective equipment for restaurant Team Members and Guests and emergency sick pay provided to restaurant Team Members related to the COVID-19 pandemic.
Executive transition costs include costs associated with transitioning to a new Chief Executive Officer.
Board and stockholder matters costs were primarily related to the recruitment and appointment of a new board member in the first quarter of 2021.