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Stockholders' Equity (Tables)
 6 Months Ended
Jul. 01, 2018
Equity [Abstract]  
Summary of Stockholders' Equity
The following is a summary of the changes in stockholders’ equity:
 
Six Months Ended
 
July 1,
2018
 
July 2,
2017
Balance at beginning of period
$
573,203

 
$
527,736

Comprehensive income
39,783

 
29,490

Cash dividends
(40,645
)
 
(34,447
)
Repurchases of common stock
(85,194
)
 
(52,501
)
Share-based compensation
9,591

 
11,372

Exercises of stock options
6,814

 
6,161

Vesting of restricted shares
(2,921
)
 
(2,732
)
Cumulative effect of change in accounting principle (a)
(70,210
)
 
1,880

Other
118

 
90

Balance at end of period
$
430,539

 
$
487,049


_______________

(a)
During the six months ended July 1, 2018, the Company recognized a net increase to “Accumulated deficit” of $70,210 as a result of adoption of amended guidance for revenue recognition. The net increase resulted from an increase to deferred franchise fees of $85,561 and a decrease to “Deferred income taxes” of $21,996 as a result of now deferring franchise fees over the contractual term of the franchise agreements. Additionally, an increase to “Advertising funds restricted liabilities” of $6,645 was recognized as a result of a reclassification of the total stockholders’ deficit of the Advertising Funds as of December 31, 2017. See Note 2 for further information.

During the six months ended July 2, 2017, the Company recognized a tax benefit as a reduction to the Company’s deferred tax liability with an equal offsetting increase to “Accumulated deficit.” The adjustment was recognized as a result of adoption of an amendment to the accounting for employee share-based payment transactions.
Schedule of Accumulated Other Comprehensive Loss
The following table provides a rollforward of the components of accumulated other comprehensive loss, net of tax as applicable:
 
Foreign Currency Translation
 
Cash Flow Hedges (a)
 
Pension
 
Total
Balance at December 31, 2017
$
(45,149
)
 
$
—

 
$
(1,049
)
 
$
(46,198
)
Current-period other comprehensive (loss) income
(10,369
)
 
—

 
117

 
(10,252
)
Balance at July 1, 2018
$
(55,518
)
 
$
—

 
$
(932
)
 
$
(56,450
)
 
 
 
 
 
 
 
 
Balance at January 1, 2017
$
(60,299
)
 
$
(1,797
)
 
$
(1,145
)
 
$
(63,241
)
Current-period other comprehensive income
8,010

 
888

 
96

 
8,994

Balance at July 2, 2017
$
(52,289
)
 
$
(909
)
 
$
(1,049
)
 
$
(54,247
)
_______________

(a)
Current-period other comprehensive income included the reclassification of unrealized losses on cash flow hedges from “Accumulated other comprehensive loss” to our condensed consolidated statements of operations of $443 and $888 for the three and six months ended July 2, 2017, respectively. The reclassification of unrealized losses on cash flow hedges consisted of $724 and $1,447 for the three and six months ended July 2, 2017, respectively, recorded to “Interest expense, net,” net of the related income tax benefit of $281 and $559 for the three and six months ended July 2, 2017, respectively, recorded to “Provision for income taxes.”