Consolidating Financial Information (Tables)

9 Months Ended

Sep. 30, 2012

Consolidating Financial Information [Abstract]

Supplemental Condensed Consolidating Balance Sheet

December 31, 2011

(In millions⁽¹⁾)



	Parent			Combined Guarantor Subsidiaries		Combined Non-guarantor Subsidiaries			Eliminations and Reclassification			Consolidated
Assets
Current Assets
Cash and cash equivalents	$	9.9		$	50.4	$	0.4		$	—		$	60.7
Receivables, net	0.6			121.0		0.1			(6.0		)	115.7
Prepaid expenses and other current assets	85.3			56.7		—			(71.3		)	70.6
Deferred income taxes	1.5			19.0		0.1			—			20.6
Assets held for sale	—			7.3		2.1			—			9.4
Intercompany	(300.2		)	294.5		5.7			—			—
Total current assets	(202.9		)	548.7		8.4			(77.3		)	276.9
Long-term receivables	—			226.5		—			—			226.5
Property and equipment, net	24.6			449.6		—			—			474.2
Goodwill	—			697.5		—			—			697.5
Other intangible assets, net	—			822.4		—			—			822.4
Other assets, net	23.2			93.5		0.1			—			116.8
Investment in subsidiaries	1,697.6			—		—			(1,697.6		)	—
Total assets	$	1,542.5		$	2,838.2	$	8.5		$	(1,774.9	)	$	2,614.3
Liabilities and Stockholders’ Equity
Current Liabilities
Current maturities of long-term debt	$	13.4		$	—	$	—		$	(6.0	)	$	7.4
Accounts payable	2.8			26.2		—			—			29.0
Accrued employee compensation and benefits	6.7			19.5		—			—			26.2
Gift card liability	—			147.0		—			—			147.0
Other accrued expenses	(61.6		)	180.6		0.4			(71.3		)	48.1
Total current liabilities	(38.7		)	373.3		0.4			(77.3		)	257.6
Long-term debt	1,411.4			—		—			—			1,411.4
Financing obligations	—			162.7		—			—			162.7
Capital lease obligations	—			134.4		—			—			134.4
Deferred income taxes	8.9			375.3		(0.4		)	—			383.8
Other liabilities	5.4			102.6		1.1			—			109.1
Total liabilities	1,387.0			1,148.3		1.1			(77.3		)	2,459.1
Total stockholders’ equity	155.5			1,689.9		7.4			(1,697.6		)	155.2
Total liabilities and stockholders’ equity	$	1,542.5		$	2,838.2	$	8.5		$	(1,774.9	)	$	2,614.3

⁽¹⁾ Supplemental statements presented in millions may not add due to rounding from Consolidated Statements presented in thousands.

Supplemental Condensed Consolidating Balance Sheet

September 30, 2012

(In millions⁽¹⁾)



	Parent			Combined Guarantor Subsidiaries		Combined Non-guarantor Subsidiaries			Eliminations and Reclassification			Consolidated
Assets
Current Assets
Cash and cash equivalents	$	45.0		$	26.2	$	0.6		$	—		$	71.8
Receivables, net	1.1			82.1		0.4			(8.0		)	75.5
Prepaid expenses and other current assets	140.2			55.9		—			(140.6		)	55.5
Deferred income taxes	(2.6		)	25.4		0.9			—			23.7
Assets held for sale	—			15.4		0.9			—			16.4
Intercompany	(376.8		)	371.2		5.6			—			—
Total current assets	(193.2		)	576.2		8.5			(148.6		)	242.9
Long-term receivables	—			214.8		—			—			214.8
Property and equipment, net	24.7			321.0		—			—			345.6
Goodwill	—			697.5		—			—			697.5
Other intangible assets, net	—			809.2		—			—			809.2
Other assets, net	19.3			92.5		—			—			111.8
Investment in subsidiaries	1,697.6			—		—			(1,697.6		)	—
Total assets	$	1,548.4		$	2,711.1	$	8.5		$	(1,846.2	)	$	2,421.8
Liabilities and Stockholders’ Equity
Current Liabilities
Current maturities of long-term debt	$	15.4		$	—	$	—		$	(8.0	)	$	7.4
Accounts payable	1.8			30.2		—						32.0
Accrued employee compensation and benefits	7.1			12.6		—						19.7
Gift card liability	—			84.1		—						84.1
Income taxes payable	(46.4		)	187.0		—			(140.6		)	—
Other accrued expenses	42.4			26.8		0.5						69.7
Total current liabilities	20.3			340.7		0.5			(148.6		)	212.9
Long-term debt	1,232.7			—		—						1,232.7
Financing obligations	—			93.8		—						93.8
Capital lease obligations	—			127.2		—			—			127.2
Deferred income taxes	6.6			360.2		(0.2		)				366.5
Other liabilities	5.5			99.2		0.8						105.6
Total liabilities	1,265.1			1,021.1		1.1			(148.6		)	2,138.7
Total stockholders’ equity	283.3			1,690.0		7.4			(1,697.6		)	283.1
Total liabilities and stockholders’ equity	$	1,548.4		$	2,711.1	$	8.5		$	(1,846.2	)	$	2,421.8

⁽¹⁾ Supplemental statements presented in millions may not add due to rounding from Consolidated Statements presented in thousands.

Supplemental Condensed Consolidating Statement of Operations

For the Nine Months Ended September 30, 2011

(In millions⁽¹⁾)



	Parent			Combined Guarantor Subsidiaries			Combined Non-guarantor Subsidiaries			Eliminations and Reclassification			Consolidated
Revenues
Franchise revenues	$	1.9		$	298.2		$	0.7		$	—		$	300.8
Restaurant sales	—			419.8			1.2			—			420.9
Rental revenues	—			94.9			0.1			—			95.0
Financing revenues	—			16.3			—			—			16.3
Total revenue	1.9			829.2			2.0			—			833.0
Franchise expenses	1.6			77.1			—			—			78.7
Restaurant expenses	—			362.3			0.7			—			363.0
Rental expenses	—			73.6			0.1			—			73.7
Financing expenses	—			6.0			—			—			6.0
General and administrative	20.1			93.4			1.7			—			115.2
Interest expense	89.2			12.1			—			—			101.3
Impairment and closure	—			26.6			0.3			—			26.9
Amortization of intangible assets	—			9.2						—			9.2
Gain on disposition of assets	—			(21.2		)	—			—			(21.3		)
Loss on extinguishment of debt	7.9			—						—			7.9
Debt modification costs	4.1			—			—			—			4.1
Other (income) expense	(86.0		)	20.9			(1.4		)	66.5			—
Income (loss) before income taxes	(35.0		)	169.2			0.6			(66.5		)	68.2
Benefit (provision) for income taxes	47.8			(69.3		)	(0.2		)	—			(21.7		)
Net (loss) income	$	12.8		$	99.9		$	0.4		$	(66.5	)	$	46.6
Total comprehensive income	$	12.8		$	99.9		$	0.4		$	(66.5	)	$	46.5

⁽¹⁾ Supplemental statements presented in millions may not add due to rounding from Consolidated Statements presented in thousands.

Supplemental Condensed Consolidating Statement of Operations

For the Three Months Ended September 30, 2011

(In millions⁽¹⁾)



	Parent			Combined Guarantor Subsidiaries			Combined Non-guarantor Subsidiaries			Eliminations and Reclassification			Consolidated
Revenues
Franchise revenues	$	0.6		$	96.9		$	0.2		$	—		$	97.7
Restaurant sales	—			131.2			0.4			—			131.6
Rental revenues	—			31.2			—			—			31.2
Financing revenues	—			4.0			—			—			4.0
Total revenue	0.6			263.3			0.6			—			264.5
Franchise expenses	0.6			24.5			—			—			25.0
Restaurant expenses	—			113.7			0.2			—			114.0
Rental expenses	—			24.4			0.1			—			24.5
Financing expenses	—			0.4			—			—			0.4
General and administrative	6.5			31.8			0.5			—			38.7
Interest expense	28.2			4.0			—			—			32.2
Impairment and closure	—			(0.1		)	0.2			—			0.2
Amortization of intangible assets	—			3.1			—			—			3.1
Loss on disposition of assets	—			1.2			—			—			1.2
Loss on extinguishment of debt	—			—			—			—			—
Debt modification costs	—			—			—			—			—
Other (income) expense	(37.0		)	0.4			(0.4		)	37.1			—
Income (loss) before income taxes	2.3			59.9			—			(37.1		)	25.2
Benefit (provision) for income taxes	14.3			(23.2		)	0.2			—			(8.7		)
Net (loss) income	$	16.6		$	36.7		$	0.3		$	(37.1	)	$	16.5
Total comprehensive income	$	16.6		$	36.7		$	0.3		$	(37.1	)	$	16.5

⁽¹⁾ Supplemental statements presented in millions may not add due to rounding from Consolidated Statements presented in thousands.

Supplemental Condensed Consolidating Statement of Operations

For the Nine Months Ended September 30, 2012

(In millions⁽¹⁾)



	Parent			Combined Guarantor Subsidiaries			Combined Non-guarantor Subsidiaries			Eliminations and Reclassification			Consolidated
Revenues
Franchise revenues	$	1.9		$	310.8		$	0.8		$	—		$	313.5
Restaurant sales	—			274.3			—			—			274.3
Rental revenues	—			92.1			—			—			92.1
Financing revenues	—			11.4			—			—			11.4
Total revenue	1.9			688.6			0.8			—			691.3
Franchise expenses	1.8			79.3			—			—			81.1
Restaurant expenses	—			232.3			—			—			232.3
Rental expenses	—			73.1			—			—			73.1
Financing expenses	—			1.6			—			—			1.6
General and administrative	28.9			95.2			1.4			—			125.6
Interest expense	80.9			7.9			—			—			88.8
Impairment and closure	—			0.7			0.6			—			1.3
Amortization of intangible assets	—			9.2			—			—			9.2
Gain on disposition of assets	—			(88.5		)	(1.2		)	—			(89.6		)
Loss on extinguishment of debt	4.9			—			—			—			4.9
Intercompany dividend	(179.7		)	—			—			179.7			—
Income (loss) before income taxes	65.1			277.8			—			(179.7		)	163.1
Benefit (provision) for income taxes	43.6			(97.9		)	—			—			(54.2		)
Net (loss) income	$	108.7		$	179.9		$	—		$	(179.7	)	$	108.9
Total comprehensive income	$	108.8		$	180.0		$	—		$	(179.7	)	$	109.0

Supplemental Condensed Consolidating Statement of Operations

For the Three Months Ended September 30, 2012

(In millions⁽¹⁾)



	Parent			Combined Guarantor Subsidiaries			Combined Non-guarantor Subsidiaries			Eliminations and Reclassification			Consolidated
Revenues
Franchise revenues	$	0.7		$	101.7		$	0.3		$	—		$	102.7
Restaurant sales	—			79.6			—			—			79.6
Rental revenues	—			30.9			—			—			30.9
Financing revenues	—			3.2			—			—			3.2
Total revenue	0.7			215.4			0.3			—			216.3
Franchise expenses	0.6			26.6			—			—			27.1
Restaurant expenses	—			68.6			—			—			68.6
Rental expenses	—			24.2			—			—			24.2
Financing expenses	—			—			—			—			—
General and administrative	15.8			32.5			0.4			—			48.7
Interest expense	26.5			2.4			—			—			28.9
Impairment and closure	—			0.2			0.2			—			0.4
Amortization of intangible assets	—			3.1			—			—			3.1
Loss (gain) on disposition of assets	—			(73.3		)	(0.4		)	—			(73.7		)
Loss on extinguishment of debt	2.3			—			—			—			2.3
Intercompany dividend	(88.7		)	—			—			88.7			—
Income (loss) before income taxes	44.2			131.1			0.1			(88.7		)	86.6
Benefit (provision) for income taxes	16.5			(42.5		)	—			—			(26.0		)
Net (loss) income	$	60.6		$	88.6		$	0.1		$	(88.7	)	$	60.6
Total comprehensive income	$	60.6		$	88.6		$	0.1		$	(88.7	)	$	60.6

Supplemental Condensed Consolidating Statement of Cash Flows

For the Nine Months Ended September 30, 2011

(In millions⁽¹⁾)



	Parent			Combined Guarantor Subsidiaries			Combined Non-guarantor Subsidiaries			Eliminations and Reclassification	Consolidated
Cash flows provided by (used in) operating activities	$	(90.4	)	$	184.7		$	0.8		—	$	95.1
Investing cash flows
Additions to property and equipment	(5.8		)	(15.0		)	—			—	(20.8		)
Principal receipts from long-term receivables	—			9.9			—			—	9.9
Proceeds from sale of assets	—			60.2			—			—	60.2
Other	—			(0.6		)	—			—	(0.6		)
Cash flows provided by (used in) investing activities	(5.8		)	54.5			—			—	48.7
Financing cash flows
Revolving credit borrowings	25.0			—			—			—	25.0
Revolving credit repayments	(25.0		)								(25.0		)
Payment of debt	(153.4		)	(10.3		)	—			—	(163.7		)
Payment of debt issuance costs	(12.3		)	—			—			—	(12.3		)
Purchase of common stock	(21.2		)	—			—			—	(21.2		)
Restricted cash	—			(1.6		)	—			—	(1.6		)
Other	6.2			0.4			—			—	6.6
Intercompany transfers	288.2			(286.4		)	(1.8		)	—	—
Cash flows provided by (used in) financing activities	107.5			(297.9		)	(1.8		)	—	(192.2		)
Net change	11.3			(58.7		)	(1.0		)	—	(48.4		)
Beginning cash and equivalents	23.4			77.3			1.6			—	102.3
Ending cash and equivalents	$	34.7		$	18.6		$	0.6		—	$	53.9

⁽¹⁾ Supplemental statements presented in millions may not add due to rounding from Consolidated Statements presented in thousands.

Supplemental Condensed Consolidating Statement of Cash Flows

For the Nine Months Ended September 30, 2012

(In millions⁽¹⁾)



	Parent			Combined Guarantor Subsidiaries			Combined Non-guarantor Subsidiaries		Eliminations and Reclassification	Consolidated
Cash flows provided by (used in) operating activities	$	(74.5	)	$	142.3		$	0.2	—	$	68.1
Investing cash flows
Additions to property and equipment	(4.7		)	(8.8		)	—			(13.5		)
Principal receipts from long-term receivables	—			10.3			—		—	10.3
Proceeds from sale of assets	—			137.4			—		—	137.4
Other	—			1.0			—		—	1.0
Cash flows provided by (used in) investing activities	(4.7		)	139.9			—		—	135.2
Financing cash flows
Revolving credit borrowings	50.0			—			—		—	50.0
Revolving credit repayments	(50.0		)	—			—		—	(50.0		)
Payment of debt	(184.2		)	(8.2		)	—		—	(192.5		)
Payment of debt issuance costs	—			—			—		—	—
Purchase of common stock	—			—			—		—	—
Restricted cash	—			(8.2		)	—		—	(8.2		)
Other	7.4			1.2			—		—	8.5
Intercompany transfers	291.1			(291.1		)	—		—	—
Cash flows provided by (used in) financing activities	114.2			(306.3		)	—		—	(192.2		)
Net change	35.1			(24.1		)	0.2		—	11.1
Beginning cash and equivalents	9.9			50.4			0.4		—	60.7
Ending cash and equivalents	$	45.0		$	26.2		$	0.6	—	$	71.8