Condensed Consolidating Financial Statements (Tables)

9 Months Ended

Sep. 25, 2012

Condensed Consolidating Financial Statements [Abstract]

Condensed Consolidating Statements of Income

	Successor
	13 Weeks Ended September 25, 2012
	Parent		Subsidiary			Subsidiary		Subsidiary
	Guarantor: Holdings		Issuer: NPC			Co-Issuer: NPC Op Co A		Co-Issuer: NPC Op Co B		Eliminations			Consolidated
Total sales	$	—	$	256,233		$	—	$	—	$	—		$	256,233
Total costs and expenses		—		243,565			—		—		—			243,565
Operating income		—		12,668			—		—		—			12,668
Interest expense		—		11,416			—		—		—			11,416
Equity in net income of subsidiary		2,378		—			—		—		(2,378	)		—
Income before income taxes		2,378		1,252			—		—		(2,378	)		1,252
Income tax benefit		—		(1,126	)		—		—		—			(1,126	)
Net income	$	2,378	$	2,378		$	—	$	—	$	(2,378	)	$	2,378

	Predecessor
	13 Weeks Ended September 27, 2011
	Parent		Subsidiary			Subsidiary		Subsidiary
	Guarantor: Holdings		Issuer: NPC			Co-Issuer: NPC Op Co A		Co-Issuer: NPC Op Co B		Eliminations			Consolidated
Total sales	$	—	$	237,851		$	—	$	—	$	—		$	237,851
Total costs and expenses		—		228,731			—		—		—			228,731
Operating income		—		9,120			—		—		—			9,120
Interest expense		—		6,131			—		—		—			6,131
Equity in net income of subsidiary		3,469		—			—		—		(3,469	)		—
Income before income taxes		3,469		2,989			—		—		(3,469	)		2,989
Income tax benefit		—		(480	)		—		—		—			(480	)
Net income	$	3,469		3,469		$	—	$	—	$	(3,469	)		3,469

	Successor
	39 Weeks Ended September 25, 2012
	Parent		Subsidiary		Subsidiary		Subsidiary
	Guarantor: Holdings		Issuer: NPC		Co-Issuer: NPC Op Co A		Co-Issuer: NPC Op Co B		Eliminations			Consolidated
Total sales	$	—	$	790,208	$	—	$	—	$	—		$	790,208
Total costs and expenses		—		731,942		—		—		—			731,942
Operating income		—		58,266		—		—		—			58,266
Interest expense		—		35,797		—		—		—			35,797
Loss on debt extinguishment		—		5,144						—			5,144
Equity in net income of subsidiary		14,372		—		—		—		(14,372	)		—
Income before income taxes		14,372		17,325		—		—		(14,372	)		17,325
Income tax expense		—		2,953		—		—		—			2,953
Net income	$	14,372	$	14,372	$	—	$	—	$	(14,372	)	$	14,372

	Predecessor
	39 Weeks Ended September 27, 2011
	Parent		Subsidiary		Subsidiary		Subsidiary
	Guarantor: Holdings		Issuer: NPC		Co-Issuer: NPC Op Co A		Co-Issuer: NPC Op Co B		Eliminations			Consolidated
Total sales	$	—	$	727,602	$	—	$	—	$	—		$	727,602
Total costs and expenses		—		685,564		—		—		—			685,564
Operating income		—		42,038		—		—		—			42,038
Interest expense		—		19,075		—		—		—			19,075
Equity in net income of subsidiary		18,125		—		—		—		(18,125	)		—
Income before income taxes		18,125		22,963		—		—		(18,125	)		22,963
Income tax expense		—		4,838		—		—		—			4,838
Net income		18,125		18,125	$	—	$	—		(18,125	)		18,125

Condensed Consolidating Balance Sheet

	Successor
	September 25, 2012
	Parent		Subsidiary		Subsidiary		Subsidiary
	Guarantor: Holdings		Issuer: NPC		Co-Issuer: NPC Op Co A		Co-Issuer: NPC Op Co B		Eliminations			Consolidated
Assets:
Current assets	$	—	$	59,162	$	—	$	—	$	—		$	59,162
Facilities and equipment, net		—		142,672		—		—		—			142,672
Franchise rights, net		—		626,371		—		—		—			626,371
Goodwill		—		290,508		—		—		—			290,508
Investment in subsidiary		234,625		—		—		—		(234,625	)		—
Other assets, net		—		49,761		—		—		—			49,761
Total assets	$	234,625	$	1,168,474	$	—	$	—	$	(234,625	)	$	1,168,474
Liabilities and member’s equity:
Current liabilities, excluding debt	$	—	$	96,802	$	—	$	—	$	—		$	96,802
Current portion of long-term debt		—		3,750		—		—		—			3,750
Long-term debt		—		560,313		—		—		—			560,313
Other liabilities and deferred items		—		65,706		—		—		—			65,706
Deferred income taxes		—		207,278		—		—		—			207,278
Member’s equity		234,625		234,625		—		—		(234,625	)		234,625
Total liabilities and member’s equity	$	234,625	$	1,168,474	$	—	$	—	$	(234,625	)	$	1,168,474

	Predecessor
	December 27, 2011
	Parent		Subsidiary		Subsidiary		Subsidiary
	Guarantor: Holdings		Issuer: NPC		Co-Issuer: NPC Op Co A		Co-Issuer: NPC Op Co B		Eliminations			Consolidated
Assets:
Current assets	$	—	$	113,499	$	—	$	—	$	—		$	113,499
Facilities and equipment, net		—		131,744		—		—		—			131,744
Franchise rights, net		—		390,110		—		—		—			390,110
Goodwill		—		191,701		—		—		—			191,701
Investment in subsidiary		201,460		—		—		—		(201,460	)		—
Other assets, net		—		21,674		—		—		—			21,674
Total assets	$	201,460	$	848,728	$	—	$	—	$	(201,460	)	$	848,728
Liabilities and member’s equity:
Current liabilities, excluding debt	$	—	$	102,852	$	—	$	—	$	—		$	102,852
Current portion of long-term debt		—		13,540		—		—		—			13,540
Long-term debt		—		359,160		—		—		—			359,160
Other liabilities and deferred items		—		47,982		—		—		—			47,982
Member’s equity subject to redemption		3,250		—		—		—		—			3,250
Deferred income taxes		—		123,734		—		—		—			123,734
Member’s equity		198,210		201,460		—		—		(201,460	)		198,210
Total liabilities and member’s equity	$	201,460	$	848,728	$	—	$	—	$	(201,460	)	$	848,728

Condensed Consolidating Statements of Cash Flows

	Successor
	39 Weeks Ended September 25, 2012
	Parent			Subsidiary			Subsidiary		Subsidiary
	Guarantor: Holdings			Issuer: NPC			Co-Issuer: NPC Op Co A		Co-Issuer: NPC Op Co B		Eliminations			Consolidated
Operating activities:
Net cash flows provided by operating activities	$	—		$	56,834		$	—	$	—	$	—		$	56,834
Investing activities:
Capital expenditures		—			(28,504	)		—		—		—			(28,504	)
Purchase of the stock of the Company		(216,635	)		(431,540	)		—		—		216,635			(431,540	)
Purchase of business assets, net of cash acquired		—			(19,371	)		—		—		—			(19,371	)
Proceeds from sale or disposition of assets		—			189			—		—		—			189
Net cash flows used in investing activities		(216,635	)		(479,226	)		—		—		216,635			(479,226	)
Financing activities:
Retirement of predecessor entity debt and other obligations		—			(372,700	)		—		—		—			(372,700	)
Proceeds from equity contributions, net		216,635			216,635			—		—		(216,635	)		216,635
Issuance of debt		—			565,000			—		—		—			565,000
Payments on term bank facilities		—			(937	)									(937	)
Debt issue costs		—			(32,012	)		—		—		—			(32,012	)
Proceeds from sale-leaseback transactions		—			1,006										1,006
Interest rate derivative		—			(636	)		—		—		—			(636	)
Net cash provided by financing activities		216,635			376,356			—		—		(216,635	)		376,356
Net change in cash and cash equivalents		—			(46,036	)		—		—		—			(46,036	)
Beginning cash and cash equivalents		—			78,394			—		—		—			78,394
Ending cash and cash equivalents	$	—		$	32,358		$	—	$	—	$	—		$	32,358

	Predecessor
	39 Weeks Ended September 27, 2011
	Parent		Subsidiary			Subsidiary		Subsidiary
	Guarantor: Holdings		Issuer: NPC			Co-Issuer: NPC Op Co A		Co-Issuer: NPC Op Co B		Eliminations		Consolidated
Operating activities:
Net cash flows provided by operating activities	$	—	$	68,429		$	—	$	—	$	—	$	68,429
Investing activities:
Capital expenditures		—		(17,763	)		—		—		—		(17,763	)
Proceeds from sale or disposition of assets		—		647			—		—		—		647
Net cash flows used in investing activities		—		(17,116	)		—		—		—		(17,116	)
Financing activities:
Payments on term bank facilities		—		(29,670	)		—		—		—		(29,670	)
Proceeds from sale-leaseback transactions		—		486			—		—		—		486
Net cash flows used in financing activities		—		(29,184	)		—		—		—		(29,184	)
Net change in cash and cash equivalents		—		22,129			—		—		—		22,129
Beginning cash and cash equivalents		—		44,159			—		—		—		44,159
Ending cash and cash equivalents	$	—	$	66,288		$	—	$	—	$	—	$	66,288