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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 24, 2013
Operating activities    
Net income $ 1,744 $ 23,894
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 48,030 40,396
Amortization of debt issuance costs 2,765 2,494
Deferred income taxes (4,489) 965
Other (69) 520
Changes in assets and liabilities, excluding the effect of acquisitions:    
Accounts receivable 1,442 5,742
Inventories (1,803) (787)
Prepaid expenses and other current assets 1,548 (475)
Accounts payable 3,332 5,205
Income taxes (366) 1,865
Accrued interest (4,245) (5,612)
Accrued liabilities 9,461 2,879
Insurance reserves 3,032 1,594
Other deferred items (2,393) (1,067)
Other assets (264) (12)
Net cash provided by operating activities 57,725 77,601
Investing activities    
Capital expenditures (50,507) (35,844)
Acquisition of Wendy’s business, net of cash acquired (56,803) (21,505)
Proceeds from sale-leaseback transactions 19,429 0
Proceeds from sale or disposition of assets 2,888 554
Net cash used in investing activities (84,993) (56,795)
Financing activities    
Borrowings under revolving credit facility 127,500 0
Payments under revolving credit facility (134,500) 0
Issuance of debt 40,000 0
Payments on term bank facilities (2,704) 0
Debt issue costs (693) (89)
Issuance of membership interests, net 140 0
Payment of accrued purchase price to sellers (10,875) (2,847)
Net cash provided by (used in) financing activities 18,868 (2,936)
Net change in cash and cash equivalents (8,400) 17,870
Beginning cash and cash equivalents 20,035 25,493
Ending cash and cash equivalents 11,635 43,363
Supplemental disclosures of cash flow information:    
Net cash paid for interest 31,909 33,719
Net cash paid for income taxes $ 3,266 $ 2,449