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Segment Information (Tables)
 12 Months Ended
Dec. 29, 2019
Segment Reporting [Abstract]  
Financial Information by Operating Segment
The tables below summarize the financial information concerning the Company’s reportable segments for fiscal 2019, 2018 and 2017. Intersegment Revenues are comprised of sales of food, equipment and supplies from the Supply Chain segment to the Company-owned stores in the U.S. Stores segment. Intersegment sales prices are market based. The “Other” column as it relates to Segment Income and income from operations information below primarily includes corporate administrative costs. The “Other” column as it relates to capital expenditures primarily includes capitalized software, certain equipment and leasehold improvements. Tabular amounts presented below are in thousands.
                                                 
 
U.S.
Stores (1)
 
  
Supply
Chain
 
  
International
Franchise (2)
 
  
Intersegment
Revenues
 
  
Other
 
  
Total
 
Revenues-
   
     
     
     
     
     
 
2019
  $
1,272,863
    $
2,231,838
    $
240,975
    $
(126,902
 )    
—  
     $
3,618,774
 
2018
   
1,264,823
     
2,087,408
     
224,747
     
(144,111
 )    
—  
      
3,432,867
 
2017
   
842,233
     
1,874,943
     
206,708
     
(135,905
 )    
—  
      
2,787,979
 
Segment Income-
   
     
     
     
     
     
 
2019
  $
361,673
    $
199,844
    $
187,318
     
N/A
    $
(36,701
 )   $
712,134
 
2018
   
335,989
     
176,714
     
174,700
     
N/A
     
(43,462
 )    
643,941
 
2017
   
306,406
     
163,077
     
161,263
     
N/A
     
(46,958
 )    
583,788
 
Income from Operations-
   
     
     
     
     
     
 
2019
  $
349,740
    $
181,964
    $
187,097
     
N/A
    $
(89,394
 )   $
629,407
 
2018
   
329,044
     
162,392
     
174,503
     
N/A
     
(94,250
 )    
571,689
 
2017
   
298,852
     
151,622
     
161,066
     
N/A
     
(90,308
 )    
521,232
 
Capital Expenditures-
   
     
     
     
     
     
 
2019
  $
11,793
    $
33,440
    $
131
     
N/A
    $
43,304
    $
88,668
 
2018
   
15,717
     
61,652
     
134
     
N/A
     
42,171
     
119,674
 
2017
   
20,579
     
34,123
     
28
     
N/A
     
35,527
     
90,257
 
 
 
 
 
 
 
 
 
 
 
(1)
The adoption of ASC 606 in 2018 resulted in the recognition of revenue related to U.S. franchise contributions to DNAF in 2019 and 2018. In prior years, under accounting standards in effect at that time, the Company had presented these contributions net with the related disbursements in its consolidated statement of income. Refer to Note 1 to the consolidated financial statements for additional information related to the adoption of this accounting standard.
 
 
 
 
 
 
 
(2)
In 2018, the Company began managing its franchised stores in Alaska and Hawaii as part of its U.S. Stores segment. Prior to 2018, royalty revenues from these franchised stores were included in the Company’s International Franchise segment in the table above. Consolidated results of the Company have not been impacted by this change and prior year amounts have not been reclassified to conform to the current year presentation due to immateriality.
 
 
 
 
 
 
 
Reconciliation of Total Segment Income to Consolidated Income Before Provision for Income Taxes
The following table summarizes the Company’s identifiable asset information as of December 29, 2019 and December 30,
 
2018 (in thousands):
                 
 
2019 (1)
 
  
2018
 
U.S. Stores
  $
251,844
    $
211,554
 
U.S. supply chain
   
408,919
     
283,351
 
                 
Total U.S. assets
   
660,763
     
494,905
 
International franchise
   
23,396
     
21,094
 
International supply chain
   
35,745
     
24,049
 
                 
Total international assets
   
59,141
     
45,143
 
Unallocated
   
662,188
     
367,337
 
                 
Total assets
  $
1,382,092
    $
907,385
 
                 
 
 
 
 
 
 
 
 
 
 
(1)
The adoption of ASC 842 resulted in the recognition of operating lease
right-of-use
assets in 2019. Refer to Note 1 to the consolidated financial statements for additional information related to the adoption of this new accounting standard.
 
 
 
 
 
 
 
Identifiable Asset Information
The following table summarizes the Company’s identifiable asset information as of December 29, 2019 and December 30,
 
2018 (in thousands):
                 
 
2019 (1)
 
  
2018
 
U.S. Stores
  $
251,844
    $
211,554
 
U.S. supply chain
   
408,919
     
283,351
 
                 
Total U.S. assets
   
660,763
     
494,905
 
International franchise
   
23,396
     
21,094
 
International supply chain
   
35,745
     
24,049
 
                 
Total international assets
   
59,141
     
45,143
 
Unallocated
   
662,188
     
367,337
 
                 
Total assets
  $
1,382,092
    $
907,385
 
                 
 
 
 
 
 
 
 
 
 
 
(1)
The adoption of ASC 842 resulted in the recognition of operating lease
right-of-use
assets in 2019. Refer to Note 1 to the consolidated financial statements for additional information related to the adoption of this new accounting standard.
 
 
 
 
 
 
 
Goodwill
The following table summarizes the Company’s goodwill balance as of December 29, 2019 and December 30, 2018 (in thousands):
                 
 
2019
 
  
2018
 
U.S. Stores
  $
14,026
    $
13,852
 
Supply Chain
   
1,067
     
1,067
 
                 
Consolidated goodwill
  $
15,093
    $
14,919