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New Accounting Standards Revenue Recognition (Tables)
 3 Months Ended
Apr. 01, 2018
Adoption for Topic 606 Revenue Recognition [Abstract]  
Schedule of New Accounting Pronouncements
The following table summarizes the impacts of adopting the revenue recognition standard on the Company’s condensed consolidated financial statements as of and for the three months ended April 1, 2018:
 
 
 
Adjustments
 
 
 
As Reported
 
Franchise Fees
 
Advertising Funds
 
Balances Without Adoption
Condensed Consolidated Balance Sheet
 
 
 
 
 
 
 
Accrued expenses and other current liabilities
$
99,307

 
$
(3,076
)
 
$
—

 
$
96,231

Advertising funds restricted liabilities
100,646

 
—

 
(6,645
)
 
94,001

Total current liabilities
250,106

 
(3,076
)
 
(6,645
)
 
240,385

Deferred income taxes
267,156

 
21,774

 
—

 
288,930

Deferred franchise fees
92,727

 
(81,482
)
 
—

 
11,245

Total liabilities
3,646,841

 
(62,784
)
 
(6,645
)
 
3,577,412

Accumulated deficit
(233,700
)
 
62,921

 
6,645

 
(164,134
)
Accumulated other comprehensive loss
(52,125
)
 
(137
)
 
—

 
(52,262
)
Total stockholders’ equity
462,997

 
62,784

 
6,645

 
532,426

 
 
 
 
 
 
 
 
Condensed Consolidated Statement of Operations
 
 
 
 
 
 
Franchise royalty revenue and fees (a)
$
97,908

 
$
(866
)
 
$
—

 
$
97,042

Advertising funds revenue
78,900

 
—

 
(78,900
)
 
—

Total revenues
380,564

 
(866
)
 
(78,900
)
 
300,798

Advertising funds expense
78,900

 
—

 
(78,900
)
 
—

Total costs and expenses
325,302

 
—

 
(78,900
)
 
246,402

Operating profit
55,262

 
(866
)
 
—

 
54,396

Income before income taxes
14,353

 
(866
)
 
—

 
13,487

Benefit from income taxes
5,806

 
222

 
—

 
6,028

Net income
20,159

 
(644
)
 
—

 
19,515

 
 
 
 
 
 
 
 
Condensed Consolidated Statement of Cash Flows
 
 
 
 
 
 
Cash flows from operating activities:
 
 
 
 
 
 
 
Net income
$
20,159

 
$
(644
)
 
$
—

 
$
19,515

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
 
 
 
 
Deferred income tax
(9,799
)
 
(222
)
 
—

 
(10,021
)
Other, net
2,729

 
(337
)
 
—

 
2,392

Changes in operating assets and liabilities:
 
 
 
 
 
 
 
Accrued expenses and other current liabilities
(20,443
)
 
1,203

 
—

 
(19,240
)
_______________

(a)
Adjustment includes the reversal of franchise fees recognized over time under the new revenue recognition guidance of $2,688, as well as franchisee fees of $1,822 that would have been recognized under the previous revenue recognition guidance when the license agreements were signed and the restaurant opened. See Note 3 for further information.