Subsequent Event (Notes)

3 Months Ended

Mar. 30, 2014

Subsequent Events [Abstract]

Subsequent Events [Text Block]

Subsequent Event

On April 30, 2014, the Company completed an underwritten public offering of 10.0 million shares of common stock at a price of $6.20 per share (the "Public Offering"). All shares were issued and sold by the Company. The Company also issued and sold an additional 1.5 million shares of common stock pursuant to the underwriters exercise of the option to purchase additional shares at the same terms and conditions as offered in the Public Offering, for a total share issuance of 11.5 million shares. The Company estimates that the net proceeds received will be approximately $67.2 million in the aggregate after deducting underwriting discounts and commissions and estimated offering expenses.

The Company intends to use the net proceeds of the Public Offering to accelerate the remodeling of the Company's restaurants to Burger King Corporation's 20/20 restaurant image, to acquire additional franchised Burger King restaurants, and, to a lesser extent, develop new restaurants and for other general corporate purposes.

A shelf registration statement (including a prospectus) relating to these securities was filed by the Company with the Securities and Exchange Commission (“SEC”) and was declared effective by the SEC on April 9, 2014.