Company: JACK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0000807882-25-000030
Chunk: 32

Company: JACK IN THE BOX INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 1
Chunk 32
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,990 $50,474 Revenue recognized (3,122)(3,240)Additions 1,721 3,162 Deferred franchise and development fees at end of period$50,589 $50,396 As of April 13, 2025, approximately $9.0 million of development fees related to unopened restaurants are included in deferred revenue. Timing of revenue recognition for development fees related to unopened restaurants is dependent upon the timing of restaurant openings and are recognized over the franchise term at the date of opening.

9

JACK IN THE BOX INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

The following table reflects the estimated franchise fees to be recognized in the future related to performance obligations that are unsatisfied as of April 13, 2025 (in thousands):Remainder of 2025$2,451 20265,038 20274,708 20284,095 20293,477 Thereafter21,823 $41,592 The Company has applied the optional exemption, as provided for under ASC Topic 606, Revenue from Contracts with Customers, which allows us to not disclose the transaction price allocated to unsatisfied performance obligations when the transaction price is a sales-based royalty.

3.SUMMARY OF REFRANCHISINGS AND ASSETS HELD FOR SALE

Refranchisings — The following table summarizes the number of restaurants sold to franchisees and the loss or gain recognized (dollars in thousands):QuarterYear-to-dateApril 13,2025April 14,2024April 13,2025April 14,2024Restaurants sold to Del Taco franchisees— 13 1313 Proceeds from the sale of company-operated restaurants (1)$— $250 $5,712 $1,989 Net assets sold (primarily property and equipment)(33)(608)(1,827)(608)Goodwill related to the sale of company-operated restaurants— (105)(461)(105)Franchise fees— (454)(364)(454)Sublease liabilities, net— (140)— (140)Lease termination— — (217)— Other (2)3 (8)(67)(2,001)Gain (loss) on the sale of company-operated restaurants$(30)$(1,065)$2,776 $(1,319