Quarterly report pursuant to Section 13 or 15(d)

Other Charges (Gains), net

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Other Charges (Gains), net
9 Months Ended
Oct. 06, 2024
Other Income and Expenses [Abstract]  
Other Charges (Gains), net Other Charges (Gains), net
Other charges (gains), net consisted of the following (in thousands):
Twelve Weeks Ended Forty Weeks Ended
October 6, 2024 October 1, 2023 October 6, 2024 October 1, 2023
Gain on sale of restaurant property
$ —  $ (14,883) $ (7,425) $ (29,413)
Litigation contingencies
271  3,600  1,047  9,140 
Restaurant closure costs (gains), net
(175) (91) 422  1,546 
Severance and executive transition
22  341  1,104  3,195 
Asset impairment
178  4,800  1,306  7,187 
Asset disposal and other, net
1,179  277  3,799  1,366 
Closed corporate office costs, net of sublease income 57  78  234  253 
Other charges (gains), net $ 1,532  $ (5,878) $ 487  $ (6,726)
Gain on Sale of Restaurant Property
During the first quarter of fiscal 2024, the Company sold ten restaurant properties for total proceeds of $23.9 million in a sale-leaseback transaction that resulted in a gain, net of expenses of $7.4 million. During the third quarter of fiscal 2023, the Company sold nine restaurant properties for total proceeds of $30.4 million in a sale-leaseback transaction that resulted in a gain, net of expenses of $14.9 million. During the second quarter of fiscal 2023, the Company sold nine restaurant properties for total proceeds of $28.5 million in a sale-leaseback transaction that resulted in a gain, net of expenses of $14.6 million.
Restaurant Closure Costs, net
Restaurant closure costs (gains) include the ongoing restaurant operating costs for closed Company-owned restaurants and closed restaurant lease termination gains or losses.
Severance and Executive Transition
During the third quarter and year to date periods of fiscal 2024, the Company incurred costs primarily related to a reduction in force of Team Members. During the third quarter and year to date periods of fiscal 2023, the Company incurred severance and executive transition costs associated with changes in leadership positions.
Asset Impairment
During the third quarter and year to date periods of fiscal 2024, the Company recognized non-cash impairment charges primarily related to the closure of three and five locations, respectively. During the third quarter and year to date periods of fiscal 2023, the Company recognized non-cash impairment charges primarily related to impairments of long-lived assets at eight and twelve Company-owned locations, respectively. The Company also recognized non-cash impairment charges related to the closed corporate office during the year to date period of fiscal 2023. See Note 7. Fair Value Measurements.
Asset Disposal and Other
Asset disposals and other relate primarily to terminated capital projects, special projects, and initiatives costs.