Business Combination

6 Months Ended

Jun. 28, 2016

Business Combinations [Abstract]

Business Combination

Business Combination

In January 2016, NPCQB acquired three Wendy’s restaurants, including fee-owned properties, from a Wendy’s franchisee for approximately $8.0 million, consisting principally of facilities and equipment of $6.7 million and franchise rights of $1.2 million. This asset acquisition was funded with cash on hand. During the second quarter of fiscal 2016, the Company sold one of the fee-owned properties for $1.4 million and leased it back and plans to sell and lease back the remaining two fee-owned properties.