Company: RRGB
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051046
Chunk: 14

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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4,222) and $66 of stock-based compensation in the forty weeks ended October 5, 2025 and October 6, 2024, respectively. Gain on Sale of Restaurant PropertyDuring the year to date period of fiscal 2025, the Company sold three restaurant properties for total proceeds of $5.8 million that resulted in a gain, net of expenses of $1.1 million. The net proceeds are included within cash flows from investing activities on the Condensed Consolidated Statements of Cash Flows and were used to repay long-term debt.During the year to date period of fiscal 2024, the Company sold ten restaurant properties for total proceeds of $23.9 million in a sale-leaseback transaction that resulted in a gain, net of expenses of $7.4 million. The net proceeds are included within cash flows from investing activities on the Condensed Consolidated Statements of Cash Flows.Asset Impairment and Restaurant Closure Costs, netAsset impairment and restaurant closure costs, net consisted of the following (in thousands):Twelve Weeks EndedForty Weeks EndedOctober 5, 2025October 6, 2024October 5, 2025October 6, 2024Number of non-operating locations911911Non-operating location rent and restaurant closure costs $928 $523 $2,976 $2,185 Number of impaired locations— 315Non-cash impairment$— $178 $720 $1,306 Number of locations with lease remeasurement22155Net lease remeasurement (gain) loss$(17)$(698)$(4,190)$(1,763)Total asset impairment and restaurant closure costs, net$911 $3 $(494)$1,728 Severance and Executive TransitionSeverance and executive transition consisted of the following (in thousands):Twelve Weeks EndedForty Weeks EndedOctober 5, 2025October 6, 2024October 5, 2025October 6, 2024Executive severance$614 $3 $4,773 $409 Stock-based compensation(1)(129)16 (4,222)66 Team member severance(2)54 3 1,327 629 Total severance and executive transition$539 $22 $1,878 $1,104 (1) For the twelve and forty weeks ended October 5, 2025, the