Basis of Presentation and Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 26, 2019

Accounting Policies [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]

The impact on the consolidated balance sheet was as follows:

	January 1, 2019		Effect of Adoption of Topic 842 (Leases)			January 2, 2019
Assets			(Unaudited)
Current assets:
Cash and cash equivalents	$	7,153	$	—		$	7,153
Accounts and other receivables, net	3,167		—			3,167
Inventories	2,932		—			2,932
Prepaid expenses and other current assets	4,935		(2,564		)	2,371
Assets held for sale	14,794		—			14,794
Total current assets	32,981		(2,564		)	30,417
Property and equipment, net	161,429		(13,839		)	147,590
Operating lease right-of-use assets	—		218,855			218,855
Goodwill	321,531		—			321,531
Trademarks	220,300		—			220,300
Intangible assets, net	18,507		(7,576		)	10,931
Other assets, net	4,208		—			4,208
Total assets	$	758,956	$	194,876		$	953,832
Liabilities and shareholders’ equity
Current liabilities:
Accounts payable	$	19,877	$	—		$	19,877
Other accrued liabilities	34,785		(425		)	34,360
Current portion of finance lease obligations and deemed landlord financing liabilities	1,033		(547		)	486
Current portion of operating lease liabilities	—		17,303			17,303
Total current liabilities	55,695		16,331			72,026
Long-term debt, finance lease obligations and deemed landlord financing liabilities, excluding current portion, net	178,664		(19,040		)	159,624
Operating lease liabilities	—		213,313			213,313
Deferred income taxes	69,471		708			70,179
Other non-current liabilities	32,852		(18,348		)	14,504
Total liabilities	336,682		192,964			529,646
Commitments and contingencies (Note 15)
Shareholders’ equity:
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; no shares issued and outstanding	—		—			—
Common stock, $0.0001 par value; 400,000,000 shares authorized; 37,049,140 shares issued and outstanding at March 26, 2019; 37,305,342 shares issued and outstanding at January 1, 2019	4		—			4
Additional paid-in capital	336,941		—			336,941
Accumulated other comprehensive income	180		—			180
Retained earnings	85,149		1,912			87,061
Total shareholders’ equity	422,274		1,912			424,186
Total liabilities and shareholders’ equity	$	758,956	$	194,876		$	953,832

Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Tables [Table Text Block]

Deferred franchise fees are recognized straight-line over the term of the underlying agreement and the amount expected to be recognized in franchise revenue for amounts in deferred franchise fees as of March 26, 2019 is as follows (in thousands):

FY 2019	$	88
FY 2020	112
FY 2021	110
FY 2022	109
FY 2023	106
Thereafter	1,229
Total Deferred Franchise Fees	$	1,754