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CHILI'S RESTAURANT ACQUISITION (Details)
$ in Millions
3 Months Ended 6 Months Ended
Sep. 05, 2019
USD ($)
Dec. 25, 2019
USD ($)
Restaurant
Dec. 26, 2018
USD ($)
Dec. 25, 2019
USD ($)
Restaurant
Dec. 26, 2018
USD ($)
Sep. 25, 2019
Restaurant
Jun. 26, 2019
USD ($)
Business Acquisition [Line Items]              
Number of restaurants | Restaurant   1,675   1,675      
Purchase price excluding customary working capital adjustments $ 99.0            
Total expected annual revenue for acquired restaurants 300.0            
Annual expected royalty revenue lost for acquired restaurants 22.0            
Company sales generated by acquired restaurants since acquisition date   $ 70.9   $ 86.2      
Acquisition of franchise restaurants costs, net of (gains)   2.0 $ 0.0 1.5 $ 0.0    
Acquisition transaction costs   0.4   0.4      
Loss on derecognition of franchisee straight-line rent balance 1.0            
Franchise deferred revenue recognized upon acquisition $ 2.6            
Goodwill   189.6   189.6     $ 165.5
Weighted average amortization period, reacquired franchise rights 8 years            
Acquisition closing adjustments $ 1.6            
Payments for rent on new leases related to acquisition 2.8            
Addition to net assets acquired related to termination of subleases with franchisee 0.1            
Chili's restaurant acquisition [Member]              
Business Acquisition [Line Items]              
Number of restaurants | Restaurant           116  
Professional Fees   $ 1.6   $ 3.1      
Current assets [1] 7.3            
Property and equipment 60.6            
Operating lease assets 163.5            
Reacquired franchise rights [2] 6.5            
Goodwill [3] 24.2            
Other assets 1.1            
Total assets acquired 263.2            
Current liabilities [4] 10.2            
Operating lease liabilities, less current portion 158.3            
Total liabilities assumed 168.5            
Net assets acquired [5] $ 94.7            
[1]
Current assets included petty cash, inventory, and restaurant supplies.
[2]
Reacquired franchise rights have a weighted average amortization period of approximately 8 years.
[3]
Goodwill is expected to be deductible for tax purposes. The portion of the purchase price attributable to goodwill represents the benefits expected as a result of the acquisition, including sales and unit growth opportunities, and the benefit of the assembled workforce of the acquired restaurants.
[4]
Current liabilities included current portion of operating lease liabilities, gift card liability and accrued property tax.
[5]
Net assets acquired at fair value are equal to the total purchase price of $99.0 million, less $1.6 million of closing adjustments and $2.8 million allocated to prepayment of leases entered into between us and the franchisee (refer to Note 3 - Leases for more information), partially offset by $0.1 million related to net favorable market valuation adjustment recognized on pre-existing subleases that were terminated on the transaction date.