Company: JACK
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000807882-25-000043
Chunk: 88

Company: JACK IN THE BOX INC
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 88
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89,125 $287,980 $288,147 Operating lease income - closed restaurants and other (1)$1,802 $1,755 $6,194 $5,926 ____________________________(1)Includes closed restaurant properties included in “Other operating expenses, net” in our condensed consolidated statements of earnings (loss).

7.FAIR VALUE MEASUREMENTS

Financial assets and liabilities — The following table presents our financial assets and liabilities measured at fair value on a recurring basis (in thousands):TotalQuoted Pricesin ActiveMarkets forIdenticalAssets(Level 1)SignificantOtherObservableInputs(Level 2)SignificantUnobservableInputs(Level 3)Fair value measurements as of July 6, 2025:Non-qualified deferred compensation plan (1)$17,790 $17,790 $— $— Total liabilities at fair value$17,790 $17,790 $— $— 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.The following table presents the carrying value and estimated fair value of our Class A-2 Notes as of July 6, 2025 and September 29, 2024 (in thousands):July 6,2025September 29,2024Carrying AmountFair ValueCarrying AmountFair ValueSeries 2019 Class A-2 Notes$694,188 $673,719 $699,625 $684,875 Series 2022 Class A-2 Notes$1,028,500 $951,671 $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