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Summary of Significant Accounting Policies Revenue Recognition (Tables)
 12 Months Ended
Dec. 30, 2018
Adoption for Topic 606 Revenue Recognition [Abstract]  
Schedule of New Accounting Pronouncements
The following tables summarize the impacts of adopting the revenue recognition standard on the Company’s consolidated financial statements:
 
 
 
Adjustments
 
 
 
As Reported
 
Franchise Fees
 
Advertising Funds
 
Balances Without Adoption
Consolidated Balance Sheet
 
 
 
 
 
 
 
December 30, 2018
 
 
 
 
 
 
 
Accrued expenses and other current liabilities
$
150,636

 
$
(3,079
)
 
$
—

 
$
147,557

Advertising funds restricted liabilities
80,153

 
—

 
(2,492
)
 
77,661

Total current liabilities
284,185

 
(3,079
)
 
(2,492
)
 
278,614

Deferred income taxes
269,160

 
21,861

 
—

 
291,021

Deferred franchise fees
92,232

 
(81,551
)
 
—

 
10,681

Total liabilities
3,643,586

 
(62,769
)
 
(2,492
)
 
3,578,325

Retained earnings
146,277

 
63,174

 
2,492

 
211,943

Accumulated other comprehensive loss
(61,673
)
 
(405
)
 
—

 
(62,078
)
Total stockholders’ equity
648,449

 
62,769

 
2,492

 
713,710

 
 
 
 
 
 
 
 
Consolidated Statement of Operations
 
 
 
 
 
 
Year Ended December 30, 2018
 
 
 
 
 
 
 
Franchise royalty revenue and fees (a)
$
409,043

 
$
(525
)
 
$
—

 
$
408,518

Advertising funds revenue
326,019

 
—

 
(326,019
)
 
—

Total revenues
1,589,936

 
(525
)
 
(326,019
)
 
1,263,392

Advertising funds expense
321,866

 
—

 
(321,866
)
 
—

Total costs and expenses
1,340,044

 
—

 
(321,866
)
 
1,018,178

Operating profit
249,892

 
(525
)
 
(4,153
)
 
245,214

Income before income taxes
574,916

 
(525
)
 
(4,153
)
 
570,238

Provision for income taxes
(114,801
)
 
134

 
—

 
(114,667
)
Net income
460,115

 
(391
)
 
(4,153
)
 
455,571

_______________

(a)
The adjustments for 2018 include the reversal of franchise fees recognized over time under the new revenue recognition guidance of $9,641, as well as franchisee fees that would have been recognized under the previous revenue recognition guidance when the franchise agreements were signed and the restaurants opened of $9,116. See Note 2 for further information.
 
 
 
Adjustments
 
 
 
As Reported
 
Franchise Fees
 
Advertising Funds
 
Balances Without Adoption
Consolidated Statement of Cash Flows
 
 
 
 
 
 
 
Year Ended December 30, 2018
 
 
 
 
 
 
 
Cash flows from operating activities:
 
 
 
 
 
 
 
Net income
$
460,115

 
$
(391
)
 
$
(4,153
)
 
$
455,571

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
 
 
 
 
Deferred income tax
(6,568
)
 
(134
)
 
—

 
(6,702
)
Other, net
5,178

 
(502
)
 
—

 
4,676

Changes in operating assets and liabilities:
 
 
 
 
 
 
 
Advertising funds restricted assets and liabilities
13,955

 
—

 
4,153

 
18,108

Accrued expenses and other current liabilities
23,963

 
1,027

 
—

 
24,990