Fair Value Measurements (Tables)

6 Months Ended

Mar. 14, 2018

Fair Value Disclosures [Abstract]

Fair Value, Assets Measured on Recurring Basis

 Recurring fair value measurements related to assets are presented below:

		Fair Value Measurement Using
	March 14, 2018	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)	Valuation Method
Recurring Fair Value - Assets		(In thousands)
Continuing Operations:
Derivative - Interest Rate Swap(1)	361	—	361	—	Discounted Cash Flow

(1) The fair value of the interest rate swap is recorded in Other assets on the Company's Consolidated Balance Sheet.

Fair Value, Liabilities Measured on Recurring Basis

Recurring fair value measurements related to liabilities are presented below:

			Fair Value Measurement Using
	March 14, 2018		Quoted Prices in Active Markets for Identical Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Valuation Method
Recurring Fair Value - Liabilities			(In thousands)
Continuing Operations:
TSR Performance Based Incentive Plan(1)	$	357	$	—	$	357	$	—	Monte Carlo Simulation

(1) The fair value of the Company's 2016 and 2017 Performance Based Incentive Plan liabilities were approximately $243 thousand and $114 thousand, respectively, and is recorded in Other liabilities on the Company's Consolidated Balance Sheet. See Note 13 to the Company's consolidated financial statements in this Form 10-Q for further discussion of Performance Based Incentive Plan.

			Fair Value Measurement Using
	March 15, 2017		Quoted Prices in Active Markets for Identical Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Valuation Method
Recurring Fair Value - Liabilities			(In thousands)
Continuing Operations:
TSR Performance Based Incentive Plan(1)	$	1,381	$	—	$	1,381	$	—	Monte Carlo Simulation
Derivative - Interest Rate Swap(2)	$	45	$	—	$	45	$	—	Discounted Cash Flow
Total liabilities at Fair Value	$	1,426	$	—	$	1,426	$	—

(1) The fair value of the Company's 2015, 2016 and 2017 Performance Based Incentive Plan liabilities were approximately $550 thousand, $634 thousand, and $197 thousand, respectively, and is recorded in Other liabilities on the Company's Consolidated Balance Sheet.

(2) The fair value of the interest rate swap is recorded in Other liabilities on the Company's Consolidated Balance Sheet.

Fair Value Measurements, Nonrecurring

Non-recurring fair value measurements related to impaired property held for sale, property and equipment, and goodwill consisted of the following:

			Fair Value Measurement Using
	March 14, 2018		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Impairments(4)
Nonrecurring Fair Value Measurements			(In thousands)
Continuing Operations
Property held for sale(1)	$	2,331	$	—	$	—	$	2,331	$	(298	)
Goodwill (2)	—		—		—		—		(273		)
Property and equipment related to company-owned restaurants(3)	1,519		—		—		1,519		(1,116		)
Total Nonrecurring Fair Value Measurements	$	3,850	$	—	$	—	$	3,850	$	(1,687	)

(1) In accordance with Subtopic 360-10, long-lived assets held for sale with a carrying value of approximately $2.6 million were written down to their fair value of approximately $2.3 million, less costs to sell, resulting in an impairment charge of approximately $0.3 million.

(2) In accordance with Subtopic 350-20, goodwill with a carrying value of approximately $273 thousand was written down to zero, resulting in an impairment charge of approximately $273 thousand.

(3) In accordance with Subtopic 360-10, long-lived assets held and used with a carrying amount of approximately $2.6 million were written down to their fair value of approximately $1.5 million, resulting in an impairment charge of approximately $1.1 million.

(4) Total impairments are included in Provision for asset impairments and restaurant closings in the Company's Consolidated Statement of Operations for the two quarters ended March 14, 2018.

			Fair Value Measurement Using
	March 15, 2017		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Impairments(4)
Nonrecurring Fair Value Measurements			(In thousands)
Continuing Operations
Property held for sale(1)	$	3,213	$	—	$	—	$	3,213	$	(419	)
Property and equipment related to company-owned restaurants (2)	$	1,410	$	—	$	—	$	1,410	$	(5,226	)
Goodwill (3)	$	—	$	—	$	—	$	—	$	(537	)
Total Nonrecurring Fair Value Measurements	$	4,623	$	—	$	—	$	4,623	$	(6,182	)

(1) In accordance with Subtopic 360-10, long-lived assets held for sale with a carrying value of approximately $4.8 million were written down to their fair value, less approximately $1.2 million proceeds on sales and costs to sell, of approximately $3.2 million, resulting in an impairment charge of approximately $0.4 million.

(2) In accordance with Subtopic 360-10, long-lived assets held and used with a carrying amount of approximately $6.6 million were written down to their fair value of approximately $1.4 million, resulting in an impairment charge of approximately $5.2 million.

(3) In accordance with Subtopic 350-20, goodwill with a carrying value of approximately $537 thousand was written down to zero, resulting in an impairment charge of approximately $537 thousand.

(4) Total impairments are included in Provision for asset impairments and restaurant closings in the Company's Consolidated Statement of Operations in the two quarters ended March 15, 2017.