Independent Operator Notes and Receivables (Tables)

6 Months Ended

Jun. 27, 2020

Receivables [Abstract]

Schedule of amounts due from independent operators

Amounts due from independent operators and the related allowances as of June 27, 2020 and December 28, 2019 consisted of the following (in thousands):

			Allowance						Current Portion		Long-term Portion
	Gross		Current Portion		Long-term Portion		Net
June 27, 2020
Independent operator notes	$	35,374	$	(579)	$	(8,064)	$	26,731	$	2,071	$	24,660
Independent operator receivables	5,247		(535)		—		4,712		4,712		—
Total	$	40,621	$	(1,114)	$	(8,064)	$	31,443	$	6,783	$	24,660

			Allowance						Current Portion		Long-term Portion
	Gross		Current Portion		Long-term Portion		Net
December 28, 2019
Independent operator notes	$	31,952	$	(678)	$	(9,088)	$	22,186	$	1,855	$	20,331
Independent operator receivables	5,753		(605)		—		5,148		5,148		—
Total	$	37,705	$	(1,283)	$	(9,088)	$	27,334	$	7,003	$	20,331

Schedule of allowance for credit loss activity

A summary of activity in the independent operator notes and receivable allowance was as follows (in thousands):

	13 Weeks Ended				26 Weeks Ended
	June 27, 2020		June 29, 2019		June 27, 2020		June 29, 2019
Beginning balance	$	10,592	$	10,259	$	10,371	$	9,067
Provision for independent operator notes and receivables	(921)		725		(73)		2,208
Cumulative effect of accounting change	—		—		(439)		—
Write-off of provision for independent operator notes and receivables	(493)		(329)		(681)		(620)
Ending Balance	$	9,178	$	10,655	$	9,178	$	10,655

Schedule of independent operator notes by credit quality indicators and year of origination

The following table presents the amortized cost basis of independent operator notes by year of origination and credit quality indicator as of June 27, 2020 (in thousands):

Credit Quality Indicator	2020 (YTD)		2019		2018		2017		2016		Prior		Total
TCAP	$	1,052	$	1,369	$	836	$	203	$	290	$	—	$	3,750
Non-TCAP	2,586		6,091		6,774		2,845		1,200		431		19,927
New store	4,776		6,921		—		—		—		—		11,697
Total	$	8,414	$	14,381	$	7,610	$	3,048	$	1,490	$	431	$	35,374