Subsequent Event

6 Months Ended

Jun. 28, 2016

Subsequent Events [Abstract]

Subsequent Event

Subsequent Event

On July 25, 2016, NPCQB completed the acquisition of 39 Wendy’s restaurants, including four restaurants that were recently constructed, from a subsidiary of The Wendy’s Company (“Wendy’s”) for approximately $36.2 million, plus amounts for working capital. This asset acquisition was funded with cash on hand. The units are located in the Raleigh-Durham, North Carolina metropolitan area. According to information provided to the Company, 35 of the units acquired generated approximately $59.0 million in net product sales during the 52 weeks ended January 3, 2016.