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Acquisition (Tables)
 9 Months Ended
Sep. 27, 2020
Business Acquisition [Line Items]  
Schedule of Business Acquisitions, by Acquisition [Table Text Block] In 2019, the Company acquired an aggregate of 179 Burger King restaurants and 55 Popeyes restaurants from other franchisees in the following transactions, some of which were acquired pursuant to the exercise of the ROFR (in thousands, except number of restaurants):
Closing DateNumber of RestaurantsPurchase PriceMarket Location
April 30, 2019(1)220 $259,083 Southeastern states, primarily TN, MS, LA
June 11, 2019 13 15,788 Baltimore, Maryland
August 20, 2019(2)1 1,108 Pennsylvania
234 $275,979 
(1)During the second quarter of 2019, the Company completed its merger with New CFH, LLC (“Cambridge”) and acquired 165 Burger King restaurants and 55 Popeyes restaurants.
(2)Acquisitions resulting from the exercise of the ROFR with Burger King.
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
The following table summarizes the final allocation of the aggregate purchase price for the Cambridge Merger reflected in the condensed consolidated balance sheets as of December 29, 2019:
Inventory$2,839 
Prepaid expenses2,947 
Other assets1,846 
Land and buildings21,257 
Restaurant equipment25,358 
Restaurant equipment - subject to finance leases488 
Right-of-use assets251,431 
Leasehold improvements3,498 
Franchise fees7,300 
Franchise rights 174,500 
Deferred income taxes(44,292)
Goodwill 84,060 
Finance lease obligations for restaurant equipment(568)
Operating lease liabilities(255,897)
Accounts payable(8,014)
Accrued payroll, related taxes and benefits(3,133)
Other liabilities(4,537)
Net assets acquired$259,083 
The following table summarizes the preliminary allocation of the aggregate purchase price for the 2019 acquisitions reflected in the condensed consolidated balance sheets as of December 29, 2019:
Inventory$158 
Restaurant equipment743 
Restaurant equipment - subject to finance leases150 
Right-of-use assets9,515 
Leasehold improvements6,205 
Franchise fees394 
Franchise rights 9,809 
Deferred income taxes29 
Goodwill 86 
Operating lease liabilities(9,968)
Finance lease liabilities for restaurant equipment(185)
Accounts payable(40)
Net assets acquired$16,896 
Business Acquisition, Pro Forma Information [Table Text Block] The following table summarizes the Company's unaudited pro forma operating results:
Nine Months Ended
September 29, 2019
Total revenue$1,167,461 
Net loss$(15,744)
Basic and diluted net loss per share $(0.38)