Leases (Tables)

6 Months Ended

Jul. 02, 2017

Schedule of Rent Expense [Table Text Block]

Rental expense for operating leases consists of the following components:



	Three Months Ended				Six Months Ended
	July 2, 2017		July 3, 2016		July 2, 2017		July 3, 2016
Rental expense:
Minimum rentals	$	22,786	$	20,513	$	42,704	$	40,003
Contingent rentals	4,722		4,749		9,010		8,531
Total rental expense (a)	$	27,508	$	25,262	$	51,714	$	48,534

_______________


(a)	Amounts exclude sublease income of $30,849 and $57,412 recognized during the three and six months ended July 2, 2017, respectively, and $23,541 and $43,273 recognized during the three and six months ended July 3, 2016, respectively.

Schedule of Rent Income [Table Text Block]

Rental income for operating leases and subleases consists of the following components:



	Three Months Ended				Six Months Ended
	July 2, 2017		July 3, 2016		July 2, 2017		July 3, 2016
Rental income:
Minimum rentals	$	41,560	$	29,709	$	80,165	$	55,507
Contingent rentals	5,375		4,822		9,687		9,584
Total rental income	$	46,935	$	34,531	$	89,852	$	65,091

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

The following table illustrates the Company’s future minimum rental payments and rental receipts for non-cancelable leases and subleases, including rental receipts for direct financing leases as of July 2, 2017. Rental receipts below are presented separately for owned properties and for leased properties based on the classification of the underlying lease.



	Rental Payments					Rental Receipts
Fiscal Year	Capital Leases			Operating Leases		Capital Leases		Operating Leases		Owned Properties
2017 (a)	$	22,290		$	47,844	$	30,774	$	37,348	$	26,845
2018	43,323			92,786		60,714		74,613		53,849
2019	42,615			92,484		61,228		74,626		54,820
2020	43,549			91,565		62,318		74,253		55,440
2021	45,140			91,166		64,106		73,948		57,051
Thereafter	745,523			1,176,424		1,039,315		965,140		1,007,246
Total minimum payments	$	942,440		$	1,592,269	$	1,318,455	$	1,299,928	$	1,255,251
Less interest	(506,980		)
Present value of minimum capital lease payments (b)	$	435,460

_______________


(a)	Represents future minimum rental payments and rental receipts for non-cancelable leases and subleases for the remainder of our 2017 fiscal year.


(b)	The present value of minimum capital lease payments of $6,238 and $429,222 are included in “Current portion of long-term debt” and “Long-term debt,” respectively.

Schedule of Property Subject to or Available for Operating Lease [Table Text Block]

Properties owned by the Company and leased to franchisees and other third parties under operating leases include:



	July 2, 2017			January 1, 2017
Land	$	271,775		$	271,160
Buildings and improvements	312,397			312,067
Restaurant equipment	1,491			1,507
	585,663			584,734
Accumulated depreciation and amortization	(118,669		)	(110,166		)
	$	466,994		$	474,568

Schedule of Capital Leased Assets [Table Text Block]

Our net investment in direct financing leases is as follows:



	July 2, 2017			January 1, 2017
Future minimum rental receipts	$	634,085		$	401,452
Unearned interest income	(420,761		)	(277,747		)
Net investment in direct financing leases	213,324			123,705
Net current investment in direct financing leases (a)	(255		)	(101		)
Net non-current investment in direct financing leases (b)	$	213,069		$	123,604

_______________


(a)	Included in “Accounts and notes receivable, net.”


(b)	Included in “Net investment in direct financing leases.”