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

9 Months Ended

Sep. 26, 2018

Non-Financial Instruments Measured at Fair Value on a Nonrecurring Basis

The following non-financial instruments were measured at fair value, on a nonrecurring basis, as of and for the thirteen and thirty-nine weeks ended September 26, 2018, reflecting certain property and equipment assets for which an impairment loss was recognized during the corresponding periods, as discussed immediately below under "Impairment of Long-Lived Assets" (in thousands):



			Fair Value Measurements at September 26, 2018 Using						Thirteen Weeks Ended September 26, 2018		Thirty-Nine Weeks Ended September 26, 2018
	Total		Level 1		Level 2		Level 3		Impairment Losses		Impairment Losses
Property and equipment owned, net	$	—	$	—	$	—	$	—	$	84	$	1,791

The following non-financial instruments were measured at fair value, on a nonrecurring basis, as of and for the thirteen and thirty-nine weeks ended September 27, 2017, reflecting certain property and equipment assets for which an impairment loss was recognized during the corresponding periods, as discussed immediately below under "Impairment of Long-Lived Assets" (in thousands):



			Fair Value Measurements at September 27, 2017 Using						Thirteen Weeks Ended September 27, 2017		Thirty-Nine Weeks Ended September 27, 2017
	Total		Level 1		Level 2		Level 3		Impairment Losses		Impairment Losses
Property and equipment owned, net	$	280	$	—	$	—	$	280	$	15,035	$	15,480

Impact of New Accounting Pronouncements and Changes in Accounting Policies

The following tables summarize the impacts of adopting ASU 2014-09 on the Company’s condensed consolidated financial statements as of and for the thirteen and thirty-nine weeks ended September 26, 2018:



	Impact of changes in accounting policies
September 26, 2018 (in thousands)	As Reported			Adjustments			Balances without adoption of ASU 2014-09
Assets
Current assets:
Deferred tax assets	$	5,530		$	1,285		$	4,245
Total assets	444,905			1,285			443,620
Liabilities and Stockholders' Equity
Current liabilities:
Other accrued expenses and current liabilities	16,048			354			15,694
Total current liabilities	51,872			354			51,518
Other noncurrent liabilities	20,876			4,309			16,567
Total liabilities	155,856			4,663			151,193
Stockholders' Equity
Accumulated deficit	(87,505		)	(3,378		)	(84,127		)
Total stockholders' equity	289,049			(3,378		)	292,427
Total liabilities and stockholder’s equity	444,905			1,285			443,620



	Thirteen Weeks Ended September 26, 2018							Thirty-Nine Weeks Ended September 26, 2018
(in thousands)	As Reported		Adjustments			Balances without adoption of ASU 2014-09		As Reported		Adjustments			Balances without adoption of ASU 2014-09
Revenue
Franchise revenue	$	6,665	$	(48	)	$	6,713	$	19,324	$	(116	)	$	19,440
Franchise advertising fee revenue	5,489		5,489			—		16,039		16,039			—
Total revenue	112,178		5,441			106,737		329,567		15,923			313,644
Cost of operations
Franchise expenses	6,342		5,489			853		18,424		16,039			2,385
Total expenses	102,686		5,489			97,197		308,038		16,039			291,999
Income (loss) from operations	9,492		(48		)	9,540		21,529		(116		)	21,645
Income (loss) before provision for income taxes	9,223		(48		)	9,271		19,618		(116		)	19,734
Net income (loss)	6,835		(48		)	6,883		14,416		(116		)	14,532