Introduction and Basis of Presentation

6 Months Ended

Jun. 25, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Introduction and Basis of Presentation

Introduction and Basis of Presentation

Denny’s Corporation, or Denny’s, is one of America’s largest full-service restaurant chains based on number of restaurants. The following table shows the unit activity for the quarter and two quarters endedJune 25, 2014 and June 26, 2013, respectively:

	Quarter Ended				Two Quarters Ended
	June 25, 2014		June 26, 2013		June 25, 2014		June 26, 2013
Company restaurants, beginning of period	161		164		163		164
Units opened	—		—		—		—
Units acquired from franchisees	—		1		—		1
Units closed	(1	)	—		(3	)	—
End of period	160		165		160		165
Franchised and licensed restaurants, beginning of period	1,535		1,525		1,537		1,524
Units opened	3		11		7		18
Units acquired by Company	—		(1	)	—		(1	)
Units closed	(5	)	(10	)	(11	)	(16	)
End of period	1,533		1,525		1,533		1,525
Total restaurants, end of period	1,693		1,690		1,693		1,690

Our unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. Therefore, certain information and notes normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles have been condensed or omitted. In our opinion, all adjustments considered necessary for a fair presentation of the interim periods presented have been included. Such adjustments are of a normal and recurring nature. The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. Actual results may differ from these estimates under different assumptions or conditions; however, we believe that our estimates, including those for the above-described items, are reasonable.

These interim condensed consolidated financial statements should be read in conjunction with our consolidated financial statements and notes thereto for the year ended December 25, 2013 and the related Management’s Discussion and Analysis of Financial Condition and Results of Operations, both of which are contained in our Annual Report on Form 10-K for the fiscal year ended December 25, 2013. The results of operations for the interim periods presented are not necessarily indicative of the results for the entire fiscal year ending December 31, 2014.