Company: JACK
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000807882-25-000043
Chunk: 89

Company: JACK IN THE BOX INC
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 89
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 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-financial instruments are assessed for impairment. If applicable, the carrying values are written down to fair value.In connection with our impairment reviews performed during 2025 and 2024, the Company impaired certain Del Taco assets. For further information, see Note 3, Summary of Refranchisings and Assets Held For Sale, Note 5, Goodwill and Intangible Assets, Net, and Note 8, Other Operating Expenses, Net in the notes to the condensed consolidated financial statements.

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

8.OTHER OPERATING EXPENSES, NET

Other operating expenses, net in the accompanying condensed consolidated statements of earnings (loss) is comprised of the following (in thousands):QuarterYear-to-dateJuly 6,2025July 7,2024July 6,2025July 7,2024Integration and strategic initiatives (1)$2,057 $4,723 $3,748 $14,612 Costs of closed restaurants and other (2)1,917 160 4,684 1,792 Operating restaurant impairment charges (3)1,058 136 2,935 136 Accelerated depreciation54 95 74 485 Gains on acquisition of restaurants (4)— — (6)(2,357)Losses on disposition of property and equipment, net (5)597 527 1,983 1,675 Other operating expenses, net$5,683 $5,641 $13,418 $16,343 ____________________________(1)Integration and strategic initiatives mainly relate to the integration of Del Taco in both years, as well as strategic consulting fees in 2024.(2)Costs of closed restaurants and other generally includes ongoing costs associated with closed restaurants and cancelled project costs.(3)Restaurant impairment charges in 2025 are related to underperforming Del Taco and Jack in the Box restaurants. (4)The 2024 amount relates to the gains on acquisition of