Quarterly report pursuant to Section 13 or 15(d)

Acquisition of Franchised Restaurants (Tables)

v3.23.2
Acquisition of Franchised Restaurants (Tables)
 6 Months Ended
Jul. 09, 2023
Business Combinations [Abstract]  
Schedule of purchase price allocated The Company allocated the purchase price to the fair value of the assets acquired and liabilities assumed as follows (in thousands):
Fair Value at Acquisition Date
Property and equipment, net $ 2,637 
Operating lease assets 7,400 
Operating lease liabilities (8,250)
Operating lease assets, net (850)
Other assets, net of liabilities(1)
299 
Intangible assets, net 1,443 
Total purchase price $ 3,529 
(1)    Includes inventory, prepaid assets, till cash, and gift card and loyalty liabilities.