Condensed Consolidating Financial Statements (Tables)

9 Months Ended

Sep. 24, 2013

Quarterly Financial Information Disclosure [Abstract]

Condensed consolidating statements of income

	39 Weeks Ended September 24, 2013
	Parent		Subsidiary		Subsidiary			Subsidiary
	Guarantor: Holdings		Issuer: NPC		Co-Issuer: NPCQB			Co-Issuer: NPC Op Co B		Eliminations			Consolidated
Total sales	$	—	$	793,725	$	8,007		$	—	$	—		$	801,732
Total costs and expenses	—		734,265		8,419			—		—			742,684
Operating income	—		59,460		(412		)	—		—			59,048
Interest expense	—		30,720		—			—		—			30,720
Equity in net income of subsidiary	23,894		—		—			—		(23,894		)	—
Income before income taxes	23,894		28,740		(412		)	—		(23,894		)	28,328
Income tax expense (benefit)	—		4,529		(95		)	—		—			4,434
Net income	$	23,894	$	24,211	$	(317	)	$	—	$	(23,894	)	$	23,894

	13 Weeks Ended September 25, 2012
	Parent		Subsidiary			Subsidiary		Subsidiary
	Guarantor: Holdings		Issuer: NPC			Co-Issuer: NPCQB		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

	39 Weeks Ended September 25, 2012
	Parent		Subsidiary		Subsidiary		Subsidiary
	Guarantor: Holdings		Issuer: NPC		Co-Issuer: NPCQB		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

	13 Weeks Ended September 24, 2013
	Parent		Subsidiary			Subsidiary			Subsidiary
	Guarantor: Holdings		Issuer: NPC			Co-Issuer: NPCQB			Co-Issuer: NPC Op Co B		Eliminations			Consolidated
Total sales	$	—	$	252,798		$	8,007		$	—	$	—		$	260,805
Total costs and expenses	—		240,103			8,419			—		—			248,522
Operating income	—		12,695			(412		)	—		—			12,283
Interest expense	—		10,243			—			—		—			10,243
Equity in net income of subsidiary	2,562		—			—			—		(2,562		)	—
Income before income taxes	2,562		2,452			(412		)	—		(2,562		)	2,040
Income tax benefit	—		(427		)	(95		)	—		—			(522		)
Net income	$	2,562	$	2,879		$	(317	)	$	—	$	(2,562	)	$	2,562

Condensed consolidating balance sheet

	December 25, 2012
	Parent		Subsidiary		Subsidiary		Subsidiary
	Guarantor: Holdings		Issuer: NPC		Co-Issuer: NPCQB		Co-Issuer: NPC Op Co B		Eliminations			Consolidated
Assets:
Current assets	$	—	$	68,786	$	—	$	—	$	—		$	68,786
Facilities and equipment, net	—		143,625		—		—		—			143,625
Franchise rights, net	—		622,634		—		—		—			622,634
Goodwill	—		290,502		—		—		—			290,502
Investment in subsidiary	235,471		—		—		—		(235,471		)	—
Other assets, net	—		44,235		—		—		—			44,235
Total assets	$	235,471	$	1,169,782	$	—	$	—	$	(235,471	)	$	1,169,782
Liabilities and member’s equity:
Current liabilities	$	—	$	89,743	$	—	$	—	$	—		$	89,743
Long-term debt	—		558,125		—		—		—			558,125
Other liabilities and deferred items	—		68,153		—		—		—			68,153
Deferred income taxes	—		218,290		—		—		—			218,290
Member’s equity	235,471		235,471		—		—		(235,471		)	235,471
Total liabilities and member’s equity	$235,471		$1,169,782		$	—	$	—	$	(235,471	)	$1,169,782

	September 24, 2013
	Parent		Subsidiary		Subsidiary			Subsidiary
	Guarantor: Holdings		Issuer: NPC		Co-Issuer: NPCQB			Co-Issuer: NPC Op Co B		Eliminations			Consolidated
Assets:
Current assets	$	—	$	75,605	$	4,094		$	—	$	—		$	79,699
Facilities and equipment, net	—		148,055		7,497			—		—			155,552
Franchise rights, net	—		611,612		11,739			—		—			623,351
Goodwill	—		290,502		1,728			—		—			292,230
Investment in subsidiary	259,365		21,557		—			—		(280,922		)	—
Other assets, net	—		44,203		1,709			—		—			45,912
Total assets	$	259,365	$	1,191,534	$	26,767		$	—	$	(280,922	)	$	1,196,744
Liabilities and member’s equity:
Current liabilities	$	—	98,858		3,778			$	—	$	—		$	102,636
Long-term debt	—		556,562		—			—		—			556,562
Other liabilities and deferred items	—		59,639		1,754			—		—			61,393
Deferred income taxes	—		216,793		(5		)	—		—			216,788
Member’s equity	259,365		259,682		21,240			—		(280,922		)	259,365
Total liabilities and member’s equity	$	259,365	$	1,191,534	$	26,767		$	—	$	(280,922	)	$	1,196,744

Condensed consolidating statements of cash flows

	39 Weeks Ended September 25, 2012
	Parent			Subsidiary			Subsidiary		Subsidiary
	Guarantor: Holdings			Issuer: NPC			Co-Issuer: NPCQB		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 Pizza Hut 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
Debt issue costs	—			(32,012		)	—		—		—			(32,012		)
Payment on term bank facilities	—			(937		)	—		—		—			(937		)
Other	—			370			—		—		—			370
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

	39 Weeks Ended September 24, 2013
	Parent		Subsidiary			Subsidiary			Subsidiary
	Guarantor: Holdings		Issuer: NPC			Co-Issuer: NPCQB			Co-Issuer: NPC Op Co B		Eliminations			Consolidated
Operating activities:
Net cash flows provided by operating activities	$	—	$	75,002		$	2,599		$	—	$	—		$	77,601
Investing activities:
Capital expenditures	—		(35,776		)	(68		)	—		—			(35,844		)
Purchase of Wendy’s business assets, net of cash acquired			—			(21,505		)	—		—			(21,505		)
Investment in NPCQB			(21,557		)	—			—		21,557			—
Proceeds from sale or disposition of assets	—		554			—			—		—			554
Net cash flows used in investing activities	—		(56,779		)	(21,573		)	—		21,557			(56,795		)
Financing activities:
Investment from parent	—		—			21,557			—		(21,557		)	—
Other	—		(2,936		)	—			—		—			(2,936		)
Net cash flows used in financing activities	—		(2,936		)	21,557			—		(21,557		)	(2,936		)
Net change in cash and cash equivalents	—		15,287			2,583			—		—			17,870
Beginning cash and cash equivalents	—		25,493			—			—		—			25,493
Ending cash and cash equivalents	$	—	$	40,780		$	2,583		$	—	$	—		$	43,363