Exhibits $6\mathrm{.}17,6\mathrm{.}18,$ and $6\mathrm{.}19$ present the December $31,2019,$ Consolidated Statements of Income, Statements of Comprehensive Income, Consolidated Statements of Cash Flows for Chipotle Mexican Grill, Inc. Notes $5$ and $6$ to the financial statements provide additional information to support the financial statements.

Exhibit $6\mathrm{.}17$ Chipotle Mexican Grill, Inc. Consolidated Statements of Income $($in Thousands, except per Share Data$)$

Exhibit $6\mathrm{.}18$ Consolidated Statements of Comprehensive Income $($in Thousands$)$

Exhibit $6\mathrm{.}19$ Chipotle Mexican Grill, Inc. Consolidated Statements of Cash Flows $($in Thousands$)$

$5.$ Corporate Restructuring Costs

In May $2018,$ we announced that we would open a headquarters office in Newport Beach, California, consolidate certain corporate administrative functions into our existing office in Columbus, Ohio, and close our existing headquarters officers in Denver, Colorado, as well as additional corporate offices in New York, New York. All affected employees were either offered an opportunity to continue in the new organization or were offered a severance package. We record severance as a one$-$time termination benefit and recognize the expense ratably over the employees$$ required future service period.

All other costs, including other employee transition costs, recruitment and relocation costs, office asset impairment and other office closure costs, and third$-$party and other costs, are recognized in the period incurred.

Corporate restructuring costs consist of the following:

$(1)$Recorded in general and administrative expenses on the consolidated statements of income.

$(2)$Recorded in impairment, closure costs, and asset disposals on the consolidated statements of income.

Upon the adoption of Topic $842$ on January $1,2019,$ lease termination and other closure liabilities of $$14,716$ were reclassified into operating lease assets and are no longer within the scope of ASC $420,$ Exit or Disposal Cost Obligations.

Changes in our corporate restructuring liabilities which are included in accrued liabilities on the consolidated balance sheets were as follows:

Restaurant Closure Costs

During the year ended December $31,2019,2018,$ and $2017,$ we closed or relocated underperforming restaurants totaling nine, $54,$ and $25,$ respectively. This included the planned restaurant closures announced in June $2018.$ In connection with this initiative, we have closed or relocated $56$ restaurants, of which six of these closures were in $2019.$ In total, we incurred restaurant asset impairment and other restaurant closure costs, which were recorded in impairment, closure costs, and asset disposals on the consolidated statements of income as follows:

Upon the adoption of Topic $842$ on January $1,2019,$ lease termination and other closure liabilities of $$9,144$ were reclassified into operating lease assets and are no longer within the scope of ASC $420,$ Exit or Disposal Cost Obligations.

Required

Identify items in reported in Chipotle$$s Consolidated Statement of Income $($Exhibit $6\mathrm{.}17)$ and Consolidated Statement of Cash Flows $(6\mathrm{.}19)$ that are potentially nonrecurring. Using Notes $5$ and $6,$ describe the nature of those items.

Why are the amounts different in the two statements, and why does that difference matter?

Are the amounts material? Recurring?

Examine Chipotle$$s Consolidated Statement of Comprehensive Income $($Exhibit $6\mathrm{.}18).$ What do the amounts that reconcile net income and comprehensive income represent? Are these events relevant for performance evaluation of Chipotle$$s executives? For risk assessment? For equity valuation?