The following is a summary of the disposition activity recorded as a result of our system optimization initiative:


	Three Months Ended				Six Months Ended
	July 2, 2023		July 3, 2022		July 2, 2023		July 3, 2022
Post-closing adjustments on sales of restaurants (a)	$	—	$	75	$	—	$	3,522
(Loss) gain on sales of other assets, net (b)	(6)		77		(1)		164
System optimization (losses) gains, net	$	(6)	$	152	$	(1)	$	3,686

(a)Represents the recognition of deferred gains as a result of the resolution of certain contingencies related to the extension of lease terms for restaurants previously sold to franchisees.

(b)During the six months ended July 2, 2023, the Company received net cash proceeds of $280 primarily from the sale of surplus and other properties. During the three and six months ended July 3, 2022, the Company received net cash proceeds of $690 and $858, respectively, primarily from the sale of surplus and other properties.

The Company also received cash proceeds of $63 and $158 during the three and six months ended July 3, 2022, respectively, related to a note receivable issued in connection with the sale of the Manhattan Company-operated restaurants.