XML 33 R22.htm IDEA: XBRL DOCUMENT v3.19.2
Acquisitions (Tables)
 6 Months Ended
Jun. 25, 2019
Business Combinations [Abstract]  
Schedule of Assets Acquired and Liabilities Assumed in Acquisition
The following table summarizes the preliminary fair value of identified assets acquired and liabilities assumed at the Acquisition Date:
 
 
As of
(Amounts in thousands)
 
June 27, 2018
Purchase price
 
$
331,199

 
 
 
Allocation of purchase price
 
 
Cash and cash equivalents
 
6,006

Accounts receivable
 
3,311

Inventory
 
2,068

Prepaid expenses and other assets
 
3,740

Leasehold improvements
 
34,919

Buildings and improvements
 
17,967

Furniture, fixtures, and equipment
 
13,207

Construction in progress
 
4,340

Other assets
 
1,421

Intangible assets
 
185,080

(Unfavorable) leases
 
(785
)
Accounts payable and other liabilities
 
(14,111
)
Financing lease obligations
 
(13,340
)
Deferred taxes
 
(28,147
)
Total fair value of net assets acquired:
 
215,676

Goodwill
 
$
115,523
Schedule of Pro Forma Financial Information
This pro forma financial information is not indicative of the results of operations that the Company would have attained had the acquisition occurred at the beginning of the period presented, nor is the pro forma financial information indicative of the results of operations that may occur in the future:
 
 
13 Weeks Ended
 
26 Weeks Ended
(Amounts in thousands)
 
June 26, 2018
 
June 26, 2018
Revenues
 
$
112,655

 
$
217,281

Net loss
 
(5,556
)
 
(8,165
)
Net loss per average common share
 
 
 
 
       Basic
 
$
(0.27
)
 
$
(0.40
)
       Diluted
 
$
(0.27
)
 
$
(0.40
)