Company: JACK
Filing Date: 2025-02-25
Form Type: 10-Q
Source: 0000807882-25-000016
Chunk: 30

Company: JACK IN THE BOX INC
Filing Date: 2025-02-25
Form: 10-Q
Item: Item 1
Chunk 30
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oted Pricesin ActiveMarkets forIdenticalAssets(Level 1)SignificantOtherObservableInputs(Level 2)SignificantUnobservableInputs(Level 3)Fair value measurements as of January 19, 2025:Non-qualified deferred compensation plan (1)$19,405 $19,405 $— $— Total liabilities at fair value$19,405 $19,405 $— $— Fair value measurements as of September 29, 2024:Non-qualified deferred compensation plan (1)$18,481 $18,481 $— $— Total liabilities at fair value$18,481 $18,481 $— $— ____________________________(1)The Company maintains an unfunded defined contribution plan for key executives and other members of management. The fair value of this obligation is based on the closing market prices of the participants’ elected investments. The obligation is included in “Accrued liabilities” and “Other long-term liabilities” on our condensed consolidated balance sheets.The Company did not have any transfers in or out of Level 1, 2 or 3 for its financial liabilities.

12

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

The following table presents the carrying value and estimated fair value of our Class A-2 Notes as of January 19, 2025 and September 29, 2024 (in thousands):January 19,2025September 29,2024Carrying AmountFair ValueCarrying AmountFair ValueSeries 2019 Class A-2 Notes$697,813 $673,277 $699,625 $684,875 Series 2022 Class A-2 Notes$1,039,500 $955,976 $1,045,000 $975,507 The fair value of the Class A-2 Notes was estimated using Level 2 inputs based on quoted market prices in markets that are not considered active markets.Non-financial assets and liabilities — The Company’s non-financial instruments, which primarily consist of property and equipment, operating lease right-of-use assets, goodwill and intangible assets, are reported at carrying value and are not required to be measured at fair value on a recurring basis. However, on an annual basis, or whenever events or changes in circumstances indicate that their carrying value may not be recoverable, non-fin