Acquisition (Tables)

3 Months Ended

Apr. 02, 2017

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The following table summarizes the allocation of the aggregate purchase price for the 2017 acquisition:

Inventory	$	373
Restaurant equipment	2,076
Restaurant equipment - subject to capital lease	79
Leasehold improvements	709
Franchise fees	997
Franchise rights (Note 3)	9,856
Favorable leases (Note 3)	720
Deferred income taxes	692
Goodwill (Note 3)	7,603
Capital lease obligations for restaurant equipment	(94		)
Unfavorable leases (Note 3)	(2,518		)
Other liabilities	(120		)
Net assets acquired	$	20,373

Since the beginning of 2016, the Company has acquired an aggregate of 99 restaurants from other franchisees in the following transactions:

Closing Date		Number of Restaurants	Purchase Price		Number of Fee-Owned Restaurants (1)	Market Location
2016 Acquisitions:
February 23, 2016	(2)	12	$	7,127		Scranton/Wilkes-Barre, Pennsylvania
May 25, 2016		6	12,080		5	Detroit, Michigan
July 14, 2016	(2)	4	5,445		3	Detroit, Michigan
August 23, 2016		7	8,755		6	Portland, Maine
October 4, 2016		3	1,623			Raleigh, North Carolina
November 15, 2016		17	7,251			Pittsburgh and Johnstown, Pennsylvania
December 1, 2016		7	5,807		1	Columbus, Ohio
		56	48,088		15
2017 Acquisitions:
February 28, 2017		43	20,373			Cincinnati, Ohio
Total 2016 and 2017 Acquisitions		99	$	68,461	15

(1) The 2016 acquisitions included the purchase of 15 fee-owned restaurants, of which 14 were sold in sale-leaseback transactions during 2016 for net proceeds of $19.1 million.

(2) Acquisitions resulting from the exercise of the ROFR.

Business Acquisition, Pro Forma Information [Table Text Block]

The following table summarizes the Company's unaudited pro forma operating results:

	Three Months Ended
	April 2, 2017			April 3, 2016
Restaurant sales	$	247,141		$	248,333
Net income (loss)	$	(5,051	)	$	3,322
Basic and diluted net income (loss) per share	$	(0.14	)	$	0.07