Company: JACK
Filing Date: 2025-02-25
Form Type: 10-Q
Source: 0000807882-25-000016
Chunk: 38

Company: JACK IN THE BOX INC
Filing Date: 2025-02-25
Form: 10-Q
Item: Item 1
Chunk 38
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 and amortization(856,923)(848,491)$436,525 $430,039 Other assets, net:Company-owned life insurance policies$126,570 $129,685 Franchise tenant improvement allowance40,659 41,502 Deferred rent receivable40,399 41,284 Notes receivable, less current portion10,645 11,249 Other33,048 35,286 $251,321 $259,006 Accrued liabilities:Income tax liabilities$5,217 $778 Payroll and related taxes32,709 38,112 Legal accruals17,481 16,220 Insurance28,843 27,982 Sales and property taxes23,095 26,107 Deferred rent income6,962 — Advertising187 4,698 Deferred franchise and development fees6,624 6,674 Other47,241 46,297 $168,359 $166,868 Other long-term liabilities:Defined benefit pension plans$51,080 $51,973 Deferred franchise and development fees44,608 45,316 Other82,773 56,419 $178,461 $153,708 

17.SUBSEQUENT EVENTS

Dividends — On February 21, 2025, the Board of Directors declared a cash dividend of $0.44 per common share, to be paid on April 8, 2025, to shareholders of record as of the close of business on March 20, 2025.

18

ITEM 2.    MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

GENERAL

The Company’s fiscal year is 52 or 53 weeks ending the Sunday closest to September 30. In fiscal 2023, Del Taco operated on a fiscal year ending the Tuesday closest to September 30. Beginning fiscal 2024, Del Taco’s fiscal year shifted to align with Jack in the Box. As a result, Del Taco’s fiscal 2024 results include two fewer days. Fiscal years 2025 and 2024 include 52 weeks. Our first quarter includes 16 weeks and all other quarters include 12 weeks. All comparisons between 2025 and 2024 refer to the 16 weeks (“quarter”) ended January 19, 2025 and January 21, 2024, respectively, unless otherwise indicated.

For