Condensed Consolidating Financial Statements (Tables)

6 Months Ended

Jul. 01, 2014

Condensed Consolidating Statements of Operations




	13 Weeks Ended July 1, 2014
	Parent			Subsidiary			Subsidiary		Subsidiary
	Guarantor: Holdings			Issuer: NPC			Co-Issuer: NPCQB		Co-Issuer: NPC Op Co B		Eliminations		Consolidated
Total sales	$	—		$	252,847		$	33,059	$	—	$	—	$	285,906
Total costs and expenses	—			247,780			31,823		—		—		279,603
Operating income	—			5,067			1,236		—		—		6,303
Interest expense	—			10,042			—		—		—		10,042
Equity in net (loss) income of subsidiary	(1,374		)	797			—		—		577		—
(Loss) income before income taxes	(1,374		)	(4,178		)	1,236		—		577		(3,739		)
Income tax (benefit) expense	—			(2,804		)	439		—		—		(2,365		)
Net (loss) income	$	(1,374	)	$	(1,374	)	$	797	$	—	$	577	$	(1,374	)




	13 Weeks Ended June 25, 2013
	Parent		Subsidiary		Subsidiary		Subsidiary
	Guarantor: Holdings		Issuer: NPC		Co-Issuer: NPCQB		Co-Issuer: NPC Op Co B		Eliminations			Consolidated
Total sales	$	—	$	261,958	$	—	$	—	$	—		$	261,958
Total costs and expenses	—		241,044		—		—		—			241,044
Operating income	—		20,914		—		—		—			20,914
Interest expense	—		10,237		—		—		—			10,237
Equity in net income of subsidiary	8,088		—		—		—		(8,088		)	—
Income before income taxes	8,088		10,677		—		—		(8,088		)	10,677
Income tax expense	—		2,589		—		—		—			2,589
Net income	$	8,088	$	8,088	$	—	$	—	$	(8,088	)	$	8,088



	26 Weeks Ended July 1, 2014
	Parent		Subsidiary			Subsidiary		Subsidiary
	Guarantor: Holdings		Issuer: NPC			Co-Issuer: NPCQB		Co-Issuer: NPC Op Co B		Eliminations			Consolidated
Total sales	$	—	$	519,215		$	62,944	$	—	$	—		$	582,159
Total costs and expenses	—		499,750			61,709		—		—			561,459
Operating income	—		19,465			1,235		—		—			20,700
Interest expense	—		20,204			—		—		—			20,204
Equity in net income of subsidiary	1,582		788			—		—		(2,370		)	—
Income before income taxes	1,582		49			1,235		—		(2,370		)	496
Income tax (benefit) expense	—		(1,533		)	447		—		—			(1,086		)
Net income	$	1,582	$	1,582		$	788	$	—	$	(2,370	)	$	1,582



	26 Weeks Ended June 25, 2013
	Parent		Subsidiary		Subsidiary		Subsidiary
	Guarantor: Holdings		Issuer: NPC		Co-Issuer: NPCQB		Co-Issuer: NPC Op Co B		Eliminations			Consolidated
Total sales	$	—	$	540,927	$	—	$	—	$	—		$	540,927
Total costs and expenses	—		494,162		—		—		—			494,162
Operating income	—		46,765		—		—		—			46,765
Interest expense	—		20,477		—		—		—			20,477
Equity in net income of subsidiary	21,332		—		—		—		(21,332		)	—
Income before income taxes	21,332		26,288		—		—		(21,332		)	26,288
Income tax expense	—		4,956		—		—		—			4,956
Net income	$	21,332	$	21,332	$	—	$	—	$	(21,332	)	$	21,332



	July 1, 2014
	Parent		Subsidiary		Subsidiary		Subsidiary
	Guarantor: Holdings		Issuer: NPC		Co-Issuer: NPCQB		Co-Issuer: NPC Op Co B		Eliminations			Consolidated
Assets:
Current assets	$	—	$	79,865	$	4,409	$	—	$	—		$	84,274
Facilities and equipment, net	—		163,188		17,429		—		—			180,617
Franchise rights, net	—		600,215		31,186		—		—			631,401
Goodwill	—		290,502		2,136		—		—			292,638
Investment in subsidiary	266,735		44,144		—		—		(310,879		)	—
Other assets, net	—		43,390		1,003		—		—			44,393
Total assets	$	266,735	$	1,221,304	$	56,163	$	—	$	(310,879	)	$	1,233,323
Liabilities and member’s equity:
Current liabilities	$	—	$	94,851	$	9,365	$	—	$	—		$	104,216
Long-term debt	—		592,302		—		—		—			592,302
Other liabilities and deferred items	—		56,436		2,289		—		—			58,725
Deferred income taxes	—		210,980		365		—		—			211,345
Member’s equity	266,735		266,735		44,144		—		(310,879		)	266,735
Total liabilities and member’s equity	$	266,735	$	1,221,304	$	56,163	$	—	$	(310,879	)	$	1,233,323



	December 31, 2013
	Parent		Subsidiary		Subsidiary		Subsidiary
	Guarantor: Holdings		Issuer: NPC		Co-Issuer: NPCQB		Co-Issuer: NPC Op Co B		Eliminations			Consolidated
Assets:
Current assets	$	—	$	53,364	$	3,740	$	—	$	—		$	57,104
Facilities and equipment, net	—		152,810		17,140		—		—			169,950
Franchise rights, net	—		607,880		32,271		—		—			640,151
Goodwill	—		290,502		2,121		—		—			292,623
Investment in subsidiary	265,326		50,978		—		—		(316,304		)	—
Other assets, net	—		44,273		1,011		—		—			45,284
Total assets	$	265,326	$	1,199,807	$	56,283	$	—	$	(316,304	)	$	1,205,112
Liabilities and member’s equity:
Current liabilities	$	—	$	100,766	$	4,302	$	—	$	—		$	105,068
Long-term debt	—		561,687		—		—		—			561,687
Other liabilities and deferred items	—		58,060		629		—		—			58,689
Deferred income taxes	—		214,081		374		—		—			214,455
Member’s equity	265,326		265,213		50,978		—		(316,304		)	265,213
Total liabilities and member’s equity	$	265,326	$	1,199,807	$	56,283	$	—	$	(316,304	)	$	1,205,112



	26 Weeks Ended July 1, 2014
	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	$	—	$	31,824		$	9,459		$	—	$	—		$	41,283
Investing activities:
Capital expenditures	—		(32,895		)	(2,210		)	—		—			(35,105		)
Return of investment in NPCQB	—		7,622			—			—		(7,622		)	—
Proceeds from sale or disposition of assets	—		2,351			22			—		—			2,373
Net cash flows used in investing activities	—		(22,922		)	(2,188		)	—		(7,622		)	(32,732		)
Financing activities:
Payment of accrued purchase price to sellers	—		(10,875		)	—			—		—			(10,875		)
Net payments on debt	—		(8,665		)	—			—		—			(8,665		)
Issuance of debt	—		40,000			—			—		—			40,000
Distribution to parent	—		—			(7,622		)	—		7,622			—
Other	—		(753		)	—			—		—			(753		)
Net cash flows provided by (used in) financing activities	—		19,707			(7,622		)	—		7,622			19,707
Net change in cash and cash equivalents	—		28,609			(351		)	—		—			28,258
Beginning cash and cash equivalents	—		19,170			865			—		—			20,035
Ending cash and cash equivalents	$	—	$	47,779		$	514		$	—	$	—		$	48,293



	26 Weeks Ended June 25, 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	$	—	$	66,792		$	—	$	—	$	—	$	66,792
Investing activities:
Capital expenditures	—		(22,102		)	—		—		—		(22,102		)
Proceeds from sale or disposition of assets	—		540			—		—		—		540
Net cash flows used in investing activities	—		(21,562		)	—		—		—		(21,562		)
Financing activities:
Net cash flows used in financing activities	—		(2,938		)	—		—		—		(2,938		)
Net change in cash and cash equivalents	—		42,292			—		—		—		42,292
Beginning cash and cash equivalents	—		25,493			—		—		—		25,493
Ending cash and cash equivalents	$	—	$	67,785		$	—	$	—	$	—	$	67,785