Condensed Consolidating Financial Statements (Tables)

12 Months Ended

Dec. 27, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Consolidating Statements of Income

Condensed Consolidating Statements of Income

	52 Weeks Ended December 27, 2016
	Parent		Subsidiary			Subsidiary		Subsidiary
	Guarantor: Holdings		Issuer: NPC			Co-Issuer: NPCQB		Co-Issuer: NPC Op Co B		Eliminations			Consolidated
Total sales	$	—	$	998,792		$	237,776	$	—	$	—		$	1,236,568
Total costs and expenses	—		963,617			222,142		—		—			1,185,759
Operating income	—		35,175			15,634		—		—			50,809
Interest expense	—		44,823			—		—		—			44,823
Equity in net income of subsidiary	8,729		10,110			—		—		(18,839		)	—
Income before income taxes	8,729		462			15,634		—		(18,839		)	5,986
Income tax (benefit) expense	—		(8,267		)	5,524		—		—			(2,743		)
Net income	$	8,729	$	8,729		$	10,110	$	—	$	(18,839	)	$	8,729

	52 Weeks Ended December 29, 2015
	Parent		Subsidiary			Subsidiary		Subsidiary
	Guarantor: Holdings		Issuer: NPC			Co-Issuer: NPCQB		Co-Issuer: NPC Op Co B		Eliminations			Consolidated
Total sales	$	—	$	1,020,006		$	203,293	$	—	$	—		$	1,223,299
Total costs and expenses	—		984,526			196,045		—		—			1,180,571
Operating income	—		35,480			7,248		—		—			42,728
Interest expense	—		41,784			—		—		—			41,784
Equity in net income of subsidiary	6,712		4,978			—		—		(11,690		)	—
Income (loss) before income taxes	6,712		(1,326		)	7,248		—		(11,690		)	944
Income tax (benefit) expense	—		(8,038		)	2,270		—		—			(5,768		)
Net income	$	6,712	$	6,712		$	4,978	$	—	$	(11,690	)	$	6,712

	52 Weeks Ended December 30, 2014
	Parent		Subsidiary			Subsidiary		Subsidiary
	Guarantor: Holdings		Issuer: NPC			Co-Issuer: NPCQB		Co-Issuer: NPC Op Co B		Eliminations			Consolidated
Total sales	$	—	$	1,020,101		$	159,796	$	—	$	—		$	1,179,897
Total costs and expenses	—		988,819			156,751		—		—			1,145,570
Operating income	—		31,282			3,045		—		—			34,327
Interest expense	—		41,101			—		—		—			41,101
Equity in net income of subsidiary	1,672		1,640			—		—		(3,312		)	—
Income (loss) before income taxes	1,672		(8,179		)	3,045		—		(3,312		)	(6,774		)
Income tax (benefit) expense	—		(9,851		)	1,405		—		—			(8,446		)
Net income	$	1,672	$	1,672		$	1,640	$	—	$	(3,312	)	$	1,672

Condensed Consolidating Balance Sheet

Condensed Consolidating Balance Sheet

	December 27, 2016
	Parent		Subsidiary		Subsidiary		Subsidiary
	Guarantor: Holdings		Issuer: NPC		Co-Issuer: NPCQB		Co-Issuer: NPC Op Co B		Eliminations			Consolidated
Assets:
Current assets	$	—	$	42,188	$	2,180	$	—	$	—		$	44,368
Facilities and equipment, net	—		156,866		72,681		—		—			$	229,547
Franchise rights, net	—		561,327		56,994		—		—			$	618,321
Goodwill	—		290,502		5,624		—		—			$	296,126
Investment in subsidiary	284,797		110,680		—		—		(395,477		)	$	—
Other assets, net	—		26,619		2,154		—		—			$	28,773
Total assets	$	284,797	$	1,188,182	$	139,633	$	—	$	(395,477	)	$	1,217,135
Liabilities and member’s equity:
Current liabilities	$	—	$	95,448	$	17,599	$	—	$	—		$	113,047
Long-term debt	—		575,995		—		—		—			575,995
Other liabilities and deferred items	—		51,791		9,048		—		—			60,839
Deferred income taxes	—		180,151		2,306		—		—			182,457
Member’s equity	284,797		284,797		110,680		—		(395,477		)	284,797
Total liabilities and member’s equity	$	284,797	$	1,188,182	$	139,633	$	—	$	(395,477	)	$	1,217,135

	December 29, 2015
	Parent		Subsidiary		Subsidiary		Subsidiary
	Guarantor: Holdings		Issuer: NPC		Co-Issuer: NPCQB		Co-Issuer: NPC Op Co B		Eliminations			Consolidated
Assets:
Current assets	$	—	$	58,620	$	4,495	$	—	$	—		$	63,115
Facilities and equipment, net	—		155,501		47,967		—		—			203,468
Franchise rights, net	—		577,097		43,421		—		—			620,518
Goodwill	—		290,502		4,124		—		—			294,626
Investment in subsidiary	273,689		76,784		—		—		(350,473		)	—
Other assets, net	—		27,233		1,736		—		—			28,969
Total assets	$	273,689	$	1,185,737	$	101,743	$	—	$	(350,473	)	$	1,210,696
Liabilities and member’s equity:
Current liabilities	$	—	$	91,472	$	16,724	$	—	$	—		$	108,196
Long-term debt	—		577,011		—		—		—			577,011
Other liabilities and deferred items	—		55,589		6,448		—		—			62,037
Deferred income taxes	—		187,976		1,787		—		—			189,763
Member’s equity	273,689		273,689		76,784		—		(350,473		)	273,689
Total liabilities and member’s equity	$	273,689	$	1,185,737	$	101,743	$	—	$	(350,473	)	$	1,210,696

Condensed Consolidating Statements of Cash Flows

Condensed Consolidating Statements of Cash Flows

	52 Weeks Ended December 27, 2016
	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	$	—		$	48,939		$	30,657		$	—	$	—		$	79,596
Investing activities:
Capital expenditures	—			(43,928		)	(18,728		)	—		—			(62,656		)
Purchase of Wendy’s businesses assets, net of cash acquired	—			—			(44,188		)	—		—			(44,188		)
Investment in NPCQB	—			(44,276		)	—			—		44,276			—
Return of investment in NPCQB	—			20,490			—			—		(20,490		)	—
Proceeds from sale-leaseback transactions	—			1,452			8,908			—		—			10,360
Proceeds from sale or disposition of assets	—			1,755			406			—		—			2,161
Net cash flows used in investing activities	—			(64,507		)	(53,602		)	—		23,786			(94,323		)
Financing activities:
Payments on term bank facilities	—			(4,326		)	—			—		—			(4,326		)
Investment from parent	—			—			44,276			—		(44,276		)	—
Distribution to parent	60			(60		)	(20,490		)	—		20,490			—
Other	(60		)	—			—			—		—			(60		)
Net cash flows (used in) provided by financing activities	—			(4,386		)	23,786			—		(23,786		)	(4,386		)
Net change in cash and cash equivalents	—			(19,954		)	841			—		—			(19,113		)
Beginning cash and cash equivalents	—			31,918			799			—		—			32,717
Ending cash and cash equivalents	$	—		$	11,964		$	1,640		$	—	$	—		$	13,604

	52 Weeks Ended December 29, 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	$	—		$	58,703		$	21,201		$	—	$	—		$	79,904
Investing activities:
Capital expenditures	—			(38,262		)	(17,948		)	—		—			(56,210		)
Return of investment in NPCQB	—			4,096			—			—		(4,096		)	—
Proceeds from sale-leaseback transactions	—			1,408			—			—		—			1,408
Proceeds from disposition of assets	—			733			857			—		—			1,590
Net cash flows used in investing activities	—			(32,025		)	(17,091		)	—		(4,096		)	(53,212		)
Financing activities:
Payments on term bank facilities	—			(4,158		)	—			—		—			(4,158		)
Debt issue costs	—			(1,832		)	—			—		—			(1,832		)
Distribution to parent	148			(148		)	(4,096		)	—		4,096			—
Other	(148		)	100			—			—		—			(48		)
Net cash used in financing activities	—			(6,038		)	(4,096		)	—		4,096			(6,038		)
Net change in cash and cash equivalents	—			20,640			14			—		—			20,654
Beginning cash and cash equivalents	—			11,278			785			—		—			12,063
Ending cash and cash equivalents	$	—		$	31,918		$	799		$	—	$	—		$	32,717

	52 Weeks Ended December 30, 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	$	—		$	48,402		$	22,076		$	—	$	—		$	70,478
Investing activities:
Capital expenditures	—			(54,971		)	(11,096		)	—		—			(66,067		)
Acquisition of Wendy’s business, net of cash acquired	—			—			(56,841		)	—		—			(56,841		)
Investment in NPCQB	—			(57,002		)	—			—		57,002			—
Return of investment in NPCQB	—			33,718			—			—		(33,718		)	—
Proceeds from sale-leaseback transactions	—			—			24,182			—		—			24,182
Purchase of assets for sale-leaseback	—			—			(1,736		)	—		—			(1,736		)
Proceeds from sale or disposition of assets	—			3,093			51			—		—			3,144
Net cash flows used in investing activities	—			(75,162		)	(45,440		)	—		23,284			(97,318		)
Financing activities:
Investment from parent	—			—			57,002			—		(57,002		)	—
Distribution to parent	60			(60		)	(33,718		)	—		33,718			—
Payment of accrued purchase price to sellers	—			(10,875		)	—			—		—			(10,875		)
Net payments on debt	—			(9,704		)	—			—		—			(9,704		)
Issuance of debt	—			40,000			—			—		—			40,000
Other	(60		)	(493		)	—			—		—			(553		)
Net cash flows provided by financing activities	—			18,868			23,284			—		(23,284		)	18,868
Net change in cash and cash equivalents	—			(7,892		)	(80		)	—		—			(7,972		)
Beginning cash and cash equivalents	—			19,170			865			—		—			20,035
Ending cash and cash equivalents	$	—		$	11,278		$	785		$	—	$	—		$	12,063