Assets Held for Sale
|9 Months Ended|
Sep. 30, 2019
|Discontinued Operations and Disposal Groups [Abstract]|
|Assets Held for Sale||
3. ASSETS HELD FOR SALE
In August 2019, the Board of Directors approved the sale of the South Africa Hooters locations to the local management group. The assets and liabilities of those operations were reclassified to Assets held for sale and Liabilities held for sale as of September 30, 2019. On October 31, 2019, the Company closed on the sale of three of its South Africa Hooters locations and anticipates closing on the remaining two by the end of November 2019.
The carrying amount of major class of assets and liabilities included as held for sale at September 30, 2019 are as follows:
The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef