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Recent Accounting Pronouncements (Tables)
3 Months Ended
Mar. 27, 2018
ASU 2014-09  
Schedule of cumulative effect of the changes on adoption of ASU 2014-09

 

 

 

 

 

 

 

 

 

 

 

 

Balance at

 

ASC 606

 

Balance at

 

    

December 26, 2017

    

Adjustments

    

December 27, 2017

Liabilities

 

 

 

 

 

 

 

 

 

Deferred tax liabilities, net

 

$

5,301

 

$

(299)

 

$

5,002

Other liabilities, non-current

 

 

42,112

 

 

1,177

 

 

43,289

 

 

 

 

 

 

 

 

 

 

Equity

 

 

 

 

 

 

 

 

 

Retained earnings

 

$

602,499

 

$

(878)

 

$

601,621

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 27, 2018

 

 

 

 

 

 

Balances Without

 

Adoption Impact of

 

 

 

As Reported

 

Adoption of ASC 606

 

ASC 606

 

Balance Sheet

 

 

 

 

 

 

 

 

 

 

Liabilities

    

 

 

 

 

 

 

 

 

 

Deferred tax liabilities, net

 

$

8,401

 

$

8,709

 

$

(308)

 

Other liabilities, non-current

 

 

45,069

 

 

43,852

 

 

1,217

 

 

 

 

 

 

 

 

 

 

 

 

Equity

 

 

 

 

 

 

 

 

 

 

Retained earnings

 

$

638,309

 

$

639,218

 

$

(909)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13 Weeks Ended March 27, 2018

 

 

 

 

 

 

Balances Without

 

Adoption Impact of

 

 

 

As Reported

 

Adoption of ASC 606

 

ASC 606

 

Income Statement

 

 

 

 

 

 

 

 

 

 

Revenue

 

 

 

 

 

 

 

 

 

 

Restaurant and other sales

 

$

622,402

 

$

624,216

 

$

(1,814)

 

Franchise royalties and fees

 

 

5,303

 

 

4,721

 

 

582

 

 

 

 

 

 

 

 

 

 

 

 

Costs and expenses

 

 

 

 

 

 

 

 

 

 

Other operating

 

 

92,378

 

 

94,192

 

 

(1,814)

 

General and administrative

 

 

30,175

 

 

29,553

 

 

622

 

Provision for income taxes

 

 

8,457

 

 

8,468

 

 

(11)

 

 

 

 

 

 

 

 

 

 

 

 

Net Income

 

$

54,541

 

$

54,572

 

$

(31)