Consolidating Financial Information (Tables)

9 Months Ended

Sep. 30, 2014

Consolidating Financial Information [Abstract]

Supplemental Condensed Consolidating Balance Sheet

September 30, 2014

(In millions⁽¹⁾)



	Parent			Combined Guarantor Subsidiaries		Combined Non-guarantor Subsidiaries			Eliminations and Reclassification			Consolidated
Assets
Current Assets:
Cash and cash equivalents	$	80.2		$	52.3	$	0.3					$	132.9
Receivables, net	4.0			115.1		0.2			(28.0		)	91.3
Prepaid expenses and other current assets	213.8			52.7		—			(214.6		)	51.9
Deferred income taxes	(2.2		)	34.7		—			—			32.5
Intercompany	(469.0		)	462.6		6.4						—
Total current assets	(173.2		)	717.4		7.0			(242.6		)	308.6
Long-term receivables	—			186.1		—			—			186.1
Property and equipment, net	21.6			230.0		1.0			—			252.7
Goodwill	—			697.5		—			—			697.5
Other intangible assets, net	—			785.1		—			—			785.1
Other assets, net	19.1			93.8		—			—			112.9
Investment in subsidiaries	1,719.6			—		—			(1,719.6		)	—
Total assets	$	1,587.0		$	2,709.9	$	8.0		$	(1,962.2	)	$	2,342.8
Liabilities and Stockholders’ Equity
Current Liabilities:
Current maturities of long-term debt	$	32.7		$	—	$	—		$	(28.0	)	$	4.7
Accounts payable	3.5			31.8		—						35.2
Accrued employee compensation and benefits	11.4			5.9		—						17.3
Gift card liability	—			100.7		—						100.7
Other accrued expenses	16.9			292.2		(0.2		)	(214.6		)	94.3
Total current liabilities	64.5			430.6		(0.2		)	(242.6		)	252.3
Long-term debt	1,202.8			—		—						1,202.8
Financing obligations	—			42.6		—						42.6
Capital lease obligations	—			101.8		—			—			101.8
Deferred income taxes	(3.9		)	332.5		(0.4		)				328.3
Other liabilities	6.2			90.3		1.2						97.7
Total liabilities	1,269.6			997.8		0.6			(242.6		)	2,025.4
Total stockholders’ equity	317.5			1,712.1		7.4			(1,719.6		)	317.4
Total liabilities and stockholders’ equity	$	1,587.0		$	2,709.9	$	8.0		$	(1,962.2	)	$	2,342.8

⁽¹⁾ Supplemental condensed statements presented in millions may not foot/crossfoot due to rounding from Consolidated Statements presented in thousands.

Supplemental Condensed Consolidating Balance Sheet

December 31, 2013

(In millions⁽¹⁾)



	Parent			Combined Guarantor Subsidiaries		Combined Non-guarantor Subsidiaries			Eliminations and Reclassification			Consolidated
Assets
Current Assets:
Cash and cash equivalents	$	50.3		$	54.7	$	1.0		$	—		$	106.0
Receivables, net	2.0			150.0		0.1			(8.0		)	144.1
Prepaid expenses and other current assets	189.2			56.1		—			(187.7		)	57.6
Deferred income taxes	(4.1		)	28.0		—			—			23.9
Intercompany	(435.2		)	429.4		5.8			—			—
Total current assets	(197.8		)	718.1		7.0			(195.7		)	331.6
Long-term receivables	—			197.2		—			—			197.2
Property and equipment, net	23.5			249.7		1.0			—			274.3
Goodwill	—			697.5		—			—			697.5
Other intangible assets, net	—			794.1		—			—			794.1
Other assets, net	16.2			93.9		—			—			110.1
Investment in subsidiaries	1,697.6			—		—			(1,697.6		)	—
Total assets	$	1,539.5		$	2,750.4	$	8.0		$	(1,893.3	)	$	2,404.6
Liabilities and Stockholders’ Equity
Current Liabilities:
Current maturities of long-term debt	$	12.7		$	—	$	—		$	(8.0	)	$	4.7
Accounts payable	1.4			38.6		—			—			40.1
Accrued employee compensation and benefits	14.5			10.4		—			—			25.0
Gift card liability	—			172.0		—			—			172.0
Other accrued expenses	(13.7		)	244.1		—			(187.7		)	42.6
Total current liabilities	15.0			465.0		—			(195.7		)	284.3
Long-term debt	1,203.5			—		—			—			1,203.5
Financing obligations	—			48.8		—			—			48.8
Capital lease obligations	—			111.7		—			—			111.7
Deferred income taxes	(0.3		)	342.1		(0.3		)	—			341.6
Other liabilities	5.9			92.7		0.9			—			99.5
Total liabilities	1,224.2			1,060.4		0.6			(195.7		)	2,089.5
Total stockholders’ equity	315.3			1,690.0		7.4			(1,697.6		)	315.2
Total liabilities and stockholders’ equity	$	1,539.5		$	2,750.4	$	8.0		$	(1,893.3	)	$	2,404.6

⁽¹⁾ Supplemental condensed statements presented in millions may not foot/crossfoot due to rounding from Consolidated Statements presented in thousands.

Supplemental Condensed Consolidating Statement of Income and Comprehensive Income

Supplemental Condensed Consolidating Statement of Comprehensive Income

For the Three Months Ended September 30, 2014

(In millions⁽¹⁾)



	Parent			Combined Guarantor Subsidiaries			Combined Non-guarantor Subsidiaries		Eliminations and Reclassification			Consolidated
Revenues
Franchise and restaurant revenues	$	0.7		$	128.1		$	0.5	$	—		$	129.3
Rental revenues	—			30.8			—		—			30.8
Financing revenues	—			2.8			—		—			2.8
Total revenue	0.7			161.6			0.5		—			162.9
Franchise and restaurant expenses	0.7			46.9			—		—			47.6
Rental expenses	—			23.7			—		—			23.7
Financing expenses	—			—			—		—			—
General and administrative expenses	10.3			23.5			0.1		—			33.8
Interest expense	24.7			0.3			—		—			25.0
Amortization of intangible assets	—			3.1			—		—			3.1
Closure and impairment charges	—			0.1			0.1		—			0.2
Gain on disposition of assets	—			(0.2		)	—		—			(0.2		)
Intercompany dividend	(44.6		)	—			—		44.6			—
Income before income taxes	9.7			64.3			0.4		(44.6		)	29.8
Benefit (provision) for income taxes	9.2			(20.1		)	—		—			(10.9		)
Net income	$	18.9		$	44.2		$	0.4	$	(44.6	)	$	18.9
Total comprehensive income	$	18.9		$	44.2		$	0.4	$	(44.6	)	$	18.9

⁽¹⁾ Supplemental condensed statements presented in millions may not foot/crossfoot due to rounding from Consolidated Statements presented in thousands.

Supplemental Condensed Consolidating Statement of Comprehensive Income

For the Three Months Ended September 30, 2013

(In millions⁽¹⁾)



	Parent			Combined Guarantor Subsidiaries			Combined Non-guarantor Subsidiaries			Eliminations and Reclassification			Consolidated
Revenues
Franchise and restaurant revenues	$	0.7		$	126.1		$	0.4		$	—		$	127.1
Rental revenues	—			31.0			—			—			31.0
Financing revenues	—			3.2			—			—			3.2
Total revenue	0.7			160.2			0.4			—			161.3
Franchise and restaurant expenses	0.6			43.5			—			—			44.1
Rental expenses	—			24.1			0.0			—			24.2
Financing expenses	—			—			—			—			—
General and administrative expenses	9.0			26.0			0.3			—			35.3
Interest expense	24.6			0.3			—			—			25.0
Amortization of intangible assets	—			3.1			—			—			3.1
Closure and impairment charges, net	—			(0.5		)	0.1			—			(0.4		)
Loss on disposition of assets	—			0.1			(0.2		)	—			(0.1		)
Intercompany dividend	(39.2		)	—			—			39.2			—
Income before income taxes	5.6			63.5			0.2			(39.2		)	30.1
Benefit (provision) for income taxes	13.1			(24.5		)	—			—			(11.4		)
Net income	$	18.7		$	39.0		$	0.2		$	(39.2	)	$	18.7
Total comprehensive income	$	18.7		$	39.0		$	0.2		$	(39.2	)	$	18.7

⁽¹⁾ Supplemental condensed statements presented in millions may not foot/crossfoot due to rounding from Consolidated Statements presented in thousands.

Supplemental Condensed Consolidating Statement of Comprehensive Income

For the Nine Months Ended September 30, 2014

(In millions⁽¹⁾)



	Parent			Combined Guarantor Subsidiaries			Combined Non-guarantor Subsidiaries		Eliminations and Reclassification			Consolidated
Revenues
Franchise and restaurant revenues	$	2.1		$	384.3		$	1.1	$	—		$	387.6
Rental revenues	—			92.2			—		—			92.2
Financing revenues	—			10.8			—		—			10.8
Total revenue	2.1			487.3			1.1		—			490.6
Franchise and restaurant expenses	2.0			133.4			—		—			135.4
Rental expenses	—			71.1			—		—			71.1
Financing expenses	—			0.8			—		—			0.8
General and administrative expenses	29.3			73.3			0.2		—			102.8
Interest expense	73.9			1.0			—		—			74.9
Amortization of intangible assets	—			9.2			—		—			9.2
Closure and impairment charges	—			0.3			0.7		—			1.0
Loss on disposition of assets	—			0.6			—		—			0.6
Intercompany dividend	(136.9		)	—			—		136.9			—
Income before income taxes	33.7			197.6			0.1		(136.9		)	94.6
Benefit (provision) for income taxes	25.2			(60.9		)	—		—			(35.7		)
Net income	$	58.9		$	136.7		$	0.1	$	(136.9	)	$	58.9
Total comprehensive income	$	58.9		$	136.8		$	0.1	$	(136.9	)	$	59.0

⁽¹⁾ Supplemental condensed statements presented in millions may not foot/crossfoot due to rounding from Consolidated Statements presented in thousands.

Supplemental Condensed Consolidating Statement of Comprehensive Income

For the Nine Months Ended September 30, 2013

(In millions⁽¹⁾)



	Parent			Combined Guarantor Subsidiaries			Combined Non-guarantor Subsidiaries			Eliminations and Reclassification			Consolidated
Revenues
Franchise and restaurant revenues	$	2.1		$	376.5		$	1.0		$	—		$	379.6
Rental revenues	—			92.7			—			—			92.7
Financing revenues	—			10.2			—			—			10.2
Total revenue	2.1			479.4			1.0			—			482.6
Franchise and restaurant expenses	2.1			128.8			—			—			130.9
Rental expenses	—			72.9			—			—			72.9
Financing expenses	—			0.2			—			—			0.2
General and administrative expenses	27.7			76.3			0.9			—			105.0
Interest expense	74.2			1.0			—			—			75.2
Amortization of intangible assets	—			9.2			—			—			9.2
Closure and impairment charges	—			0.5			0.2			—			0.8
Gain on disposition of assets	—			0.4			(0.7		)	—			(0.3		)
Debt modification costs	1.3			—			—			—			1.3
Intercompany dividend	(116.6		)	—			—			116.6			—
Income before income taxes	13.4			190.0			0.5			(116.6		)	87.3
Benefit (provision) for income taxes	40.5			(73.9		)	—			—			(33.4		)
Net income	$	53.9		$	116.1		$	0.5		$	(116.6	)	$	53.9
Total comprehensive income	$	53.9		$	116.1		$	0.5		$	(116.6	)	$	53.9

⁽¹⁾ Supplemental condensed statements presented in millions may not foot/crossfoot due to rounding from Consolidated Statements presented in thousands.

Supplemental Condensed Consolidating Statement of Cash Flows

For the Nine Months Ended September 30, 2014

(In millions⁽¹⁾)



	Parent			Combined Guarantor Subsidiaries			Combined Non-guarantor Subsidiaries			Eliminations and Reclassification		Consolidated
Cash flows provided by (used in) operating activities	$	(78.1	)	$	180.6		$	(0.1	)	$	—	$	102.4
Investing cash flows:
Additions to property and equipment	(3.4		)	(2.1		)	—			—		(5.5		)
Principal receipts from long-term receivables	—			10.3			—			—		10.3
Proceeds from sale of assets	—			0.7			—			—		0.7
Other	—			—			—			—		—
Cash flows provided by (used in) investing activities	(3.4		)	8.8			—			—		5.4
Financing cash flows:
Payment of debt	(3.6		)	(8.5		)	—			—		(12.1		)
Repurchase of common stock	(30.0		)	—			—			—		(30.0		)
Dividends paid on common stock	(42.7		)	—			—			—		(42.7		)
Restricted cash	—			(4.9		)	—			—		(4.9		)
Other	8.6			0.2			—			—		8.8
Intercompany transfers	179.2			(178.6		)	(0.6		)	—		—
Cash flows provided by (used in) financing activities	111.5			(191.8		)	(0.6		)	—		(81.0		)
Net change	29.9			(2.4		)	(0.7		)	—		26.8
Beginning cash and equivalents	50.3			54.7			1.0			—		106.0
Ending cash and equivalents	$	80.2		$	52.3		$	0.3				$	132.9

⁽¹⁾ Supplemental condensed statements presented in millions may not foot/crossfoot due to rounding from Consolidated Statements presented in thousands.

Supplemental Condensed Consolidating Statement of Cash Flows

For the Nine Months Ended September 30, 2013

(In millions⁽¹⁾)



	Parent			Combined Guarantor Subsidiaries			Combined Non-guarantor Subsidiaries			Eliminations and Reclassification		Consolidated
Cash flows provided by (used in) operating activities	$	(66.3	)	$	169.4		$	(0.3	)	$	—	$	102.8
Investing cash flows:
Additions to property and equipment	(3.8		)	(0.7		)	—			—		(4.5		)
Principal receipts from long-term receivables	—			10.3			—			—		10.3
Proceeds from sale of assets	—			—			—			—		—
Other	—			0.3			—			—		0.3
Cash flows provided by (used in) investing activities	(3.8		)	9.8			—			—		6.0
Financing cash flows:
Payment of debt	(2.4		)	(7.5		)	—			—		(9.9		)
Payment of debt modification costs	(1.3		)	—			—			—		(1.3		)
Purchase of common stock	(24.7		)	—			—			—		(24.7		)
Dividends paid on common stock	(43.2		)	—			—			—		(43.2		)
Restricted cash	—			(3.1		)	—			—		(3.1		)
Other	4.2			0.1			—			—		4.4
Intercompany transfers	179.7			(180.1		)	0.4			—		—
Cash flows provided by (used in) financing activities	112.4			(190.6		)	0.4			—		(77.8		)
Net change	42.3			(11.4		)	0.1			—		31.0
Beginning cash and equivalents	9.9			54.0			0.6			—		64.5
Ending cash and equivalents	$	52.2		$	42.5		$	0.8		$	—	$	95.5

⁽¹⁾ Supplemental condensed statements presented in millions may not foot/crossfoot due to rounding from Consolidated Statements presented in thousands.