Condensed Consolidating Financial Statements (Tables)

3 Months Ended

Mar. 31, 2015




	13 Weeks Ended March 31, 2015
	Parent		Subsidiary		Subsidiary		Subsidiary
	Guarantor: Holdings		Issuer: NPC		Co-Issuer: NPCQB		Co-Issuer: NPC Op Co B		Eliminations			Consolidated
Total sales	$	—	$	260,567	$	48,641	$	—	$	—		$	309,208
Total costs and expenses	—		245,852		47,169		—		—			293,021
Operating income	—		14,715		1,472		—		—			16,187
Interest expense	—		10,465		—		—		—			10,465
Equity in net income of subsidiary	4,975		1,280		—		—		(6,255		)	—
Income before income taxes	4,975		5,530		1,472		—		(6,255		)	5,722
Income tax expense	—		555		192		—		—			747
Net income	$	4,975	$	4,975	$	1,280	$	—	$	(6,255	)	$	4,975




	13 Weeks Ended April 1, 2014
	Parent		Subsidiary			Subsidiary			Subsidiary
	Guarantor: Holdings		Issuer: NPC			Co-Issuer: NPCQB			Co-Issuer: NPC Op Co B		Eliminations			Consolidated
Total sales	$	—	$	266,368		$	29,885		$	—	$	—		$	296,253
Total costs and expenses	—		251,970			29,886			—		—			281,856
Operating income (loss)	—		14,398			(1		)	—		—			14,397
Interest expense	—		10,162			—			—		—			10,162
Equity (deficit) in net income of subsidiary	2,965		(9		)	—			—		(2,956		)	—
Income (loss) before income taxes	2,965		4,227			(1		)	—		(2,956		)	4,235
Income tax expense	—		1,271			8			—		—			1,279
Net income (loss)	$	2,965	$	2,956		$	(9	)	$	—	$	(2,956	)	$	2,956



	March 31, 2015
	Parent		Subsidiary		Subsidiary		Subsidiary
	Guarantor: Holdings		Issuer: NPC		Co-Issuer: NPCQB		Co-Issuer: NPC Op Co B		Eliminations			Consolidated
Assets:
Current assets	$	—	$	56,649	$	10,419	$	—	$	—		$	67,068
Facilities and equipment, net	—		161,311		37,838		—		—			199,149
Franchise rights, net	—		588,759		45,660		—		—			634,419
Goodwill	—		290,502		4,124		—		—			294,626
Investment in subsidiary	272,000		77,292		—		—		(349,292		)	—
Other assets, net	—		39,722		1,821		—		—			41,543
Total assets	$	272,000	$	1,214,235	$	99,862	$	—	$	(349,292	)	$	1,236,805
Liabilities and member’s equity:
Current liabilities	$	—	$	91,045	$	16,504	$	—	$	—		$	107,549
Long-term debt	—		589,184		—		—		—			589,184
Other liabilities and deferred items	—		55,039		5,481		—		—			60,520
Deferred income taxes	—		206,967		585		—		—			207,552
Member’s equity	272,000		272,000		77,292		—		(349,292		)	272,000
Total liabilities and member’s equity	$	272,000	$	1,214,235	$	99,862	$	—	$	(349,292	)	$	1,236,805



	December 30, 2014
	Parent		Subsidiary		Subsidiary		Subsidiary
	Guarantor: Holdings		Issuer: NPC		Co-Issuer: NPCQB		Co-Issuer: NPC Op Co B		Eliminations			Consolidated
Assets:
Current assets	$	—	$	51,700	$	10,210	$	—	$	—		$	61,910
Facilities and equipment, net	—		162,248		35,874		—		—			198,122
Franchise rights, net	—		592,633		46,412		—		—			639,045
Goodwill	—		290,502		4,124		—		—			294,626
Investment in subsidiary	267,025		75,902		—		—		(342,927		)	—
Other assets, net	—		40,794		1,858		—		—			42,652
Total assets	$	267,025	$	1,213,779	$	98,478	$	—	$	(342,927	)	$	1,236,355
Liabilities and member’s equity:
Current liabilities	$	—	$	90,701	$	16,440	$	—	$	—		$	107,141
Long-term debt	—		591,263		—		—		—			591,263
Other liabilities and deferred items	—		55,467		4,736		—		—			60,203
Deferred income taxes	—		209,323		1,400		—		—			210,723
Member’s equity	267,025		267,025		75,902		—		(342,927		)	267,025
Total liabilities and member’s equity	$	267,025	$	1,213,779	$	98,478	$	—	$	(342,927	)	$	1,236,355



	13 Weeks Ended March 31, 2015
	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	$	—	$	20,689		$	3,761		$	—	$	—		$	24,450
Investing activities:
Capital expenditures	—		(7,127		)	(3,891		)	—		—			(11,018		)
Investment in NPCQB	—		(110		)	—			—		110			—
Proceeds from sale or disposition of assets	—		258			38			—		—			296
Net cash flows used in investing activities	—		(6,979		)	(3,853		)	—		110			(10,722		)
Financing activities:
Investment from parent	—		—			110			—		(110		)	—
Net payments on debt	—		(2,079		)	—			—		—			(2,079		)
Net cash flows (used in) provided by financing activities	—		(2,079		)	110			—		(110		)	(2,079		)
Net change in cash and cash equivalents	—		11,631			18			—		—			11,649
Beginning cash and cash equivalents	—		11,278			785			—		—			12,063
Ending cash and cash equivalents	$	—	$	22,909		$	803		$	—	$	—		$	23,712



	13 Weeks Ended April 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	$	—	$	20,390		$	4,383		$	—	$	—		$	24,773
Investing activities:
Capital expenditures	—		(18,191		)	(1,055		)	—		—			(19,246		)
Return of investment in NPCQB	—		3,387			—			—		(3,387		)	—
Proceeds from sale or disposition of assets	—		324			—			—		—			324
Net cash flows used in investing activities	—		(14,480		)	(1,055		)	—		(3,387		)	(18,922		)
Financing activities:
Accrued purchase price paid to sellers	—		(10,875		)	—			—		—			(10,875		)
Net payments on debt	—		(7,625		)	—			—		—			(7,625		)
Distribution to parent	—		—			(3,387		)	—		3,387			—
Net cash flows used in financing activities	—		(18,500		)	(3,387		)	—		3,387			(18,500		)
Net change in cash and cash equivalents	—		(12,590		)	(59		)	—		—			(12,649		)
Beginning cash and cash equivalents	—		19,170			865			—		—			20,035
Ending cash and cash equivalents	$	—	$	6,580		$	806		$	—	$	—		$	7,386