Fair Value Measurements (Tables)

8 Months Ended

Sep. 09, 2018

Fair Value Disclosures [Abstract]

Carrying Amounts and Fair Values of Certain Assets

The fair values of the Company’s cash equivalents and investments in marketable securities are based on quoted prices in active markets for identical assets. The following tables summarize the carrying amounts and fair values of certain assets at September 9, 2018 and December 31, 2017:

	At September 9, 2018
			Fair Value Estimated Using
	Carrying		Level 1		Level 2		Level 3
	Amount		Inputs		Inputs		Inputs
Cash equivalents	$	78,828	$	78,828	$	—	$	—
Restricted cash equivalents		106,455		106,455		—		—
Investments in marketable securities		9,605		9,605		—		—
Advertising fund cash equivalents, restricted		20,308		20,308		—		—
Advertising fund investments, restricted		80,152		80,152		—		—

	At December 31, 2017
			Fair Value Estimated Using
	Carrying		Level 1		Level 2		Level 3
	Amount		Inputs		Inputs		Inputs
Cash equivalents	$	7,933	$	7,933	$	—	$	—
Restricted cash equivalents		96,375		96,375		—		—
Investments in marketable securities		8,119		8,119		—		—
Advertising fund cash equivalents, restricted		19,945		19,945		—		—
Advertising fund investments, restricted		74,007		74,007		—		—

Schedule of Estimated Fair Value

Management estimated the approximate fair values of the 2015 fixed rate notes, the 2017 fixed and floating rate notes and the 2018 Notes as follows (in thousands):

	September 9, 2018				December 31, 2017
	Principal Amount		Fair Value		Principal Amount		Fair Value
2015 Five-Year Fixed Rate Notes	$	—	$	—	$	492,500	$	494,470
2015 Ten-Year Fixed Rate Notes		782,000		792,166		788,000		821,884
2017 Five-Year Fixed Rate Notes		594,000		576,180		598,500		592,515
2017 Ten-Year Fixed Rate Notes		990,000		978,120		997,500		1,023,435
2017 Five-Year Floating Rate Notes		297,000		298,188		299,250		300,746
2018 7.5-Year Fixed Rate Notes		423,938		421,394		—		—
2018 9.25-Year Fixed Rate Notes		399,000		398,202		—		—