Fair Value Measurements (Tables)

3 Months Ended

Mar. 22, 2020

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 March 22, 2020 and December 29, 2019:

	At March 22, 2020
			Fair Value Estimated Using
	Carrying		Level 1		Level 2		Level 3
	Amount		Inputs		Inputs		Inputs
Cash equivalents	$	173,317	$	173,317	$	—	$	—
Restricted cash equivalents		106,225		106,225		—		—
Investments in marketable securities		10,989		10,989		—		—
Advertising fund cash equivalents, restricted		78,134		78,134		—		—

	At December 29, 2019
			Fair Value Estimated Using
	Carrying		Level 1		Level 2		Level 3
	Amount		Inputs		Inputs		Inputs
Cash equivalents	$	180,459	$	180,459	$	—	$	—
Restricted cash equivalents		126,963		126,963		—		—
Investments in marketable securities		11,982		11,982		—		—
Advertising fund cash equivalents, restricted		67,851		67,851		—		—

Schedule of Estimated Fair Value

Management estimated the approximate fair values of the 2015 fixed rate notes, the 2017 fixed and floating rate notes, the 2018 fixed rate notes and the 2019 fixed rate notes as follows:

	March 22, 2020				December 29, 2019
	Principal Amount		Fair Value		Principal Amount		Fair Value
2015 Ten-Year Fixed Rate Notes	$	772,000	$	711,784	$	774,000	$	804,960
2017 Five-Year Fixed Rate Notes		586,500		549,551		588,000		588,588
2017 Ten-Year Fixed Rate Notes		977,500		825,010		980,000		1,017,240
2017 Five-Year Floating Rate Notes		293,250		251,315		294,000		294,000
2018 7.5-Year Fixed Rate Notes		418,625		387,228		419,688		431,439
2018 9.25-Year Fixed Rate Notes		394,000		351,054		395,000		414,355
2019 Ten-Year Fixed Rate Notes		673,313		544,037		675,000		675,675