Consolidating Financial Information (Tables)

9 Months Ended

Sep. 30, 2013

Consolidating Financial Information [Abstract]

Supplemental Condensed Consolidating Balance Sheet

September 30, 2013

(In millions⁽¹⁾)



	Parent			Combined Guarantor Subsidiaries		Combined Non-guarantor Subsidiaries			Eliminations and Reclassification			Consolidated
Assets
Current Assets
Cash and cash equivalents	$	52.2		$	42.5	$	0.8		$	—		$	95.5
Receivables, net	3.9			91.2		0.2			(8.0		)	87.3
Prepaid expenses and other current assets	192.2			50.6		—			(188.6		)	54.1
Deferred income taxes	(0.1		)	23.6		1.4			—			24.8
Intercompany	(436.8		)	432.3		4.4			—			—
Total current assets	(188.6		)	640.2		6.8			(196.6		)	261.8
Long-term receivables	—			201.1		—			—			201.1
Property and equipment, net	23.2			257.2		1.0			—			281.4
Goodwill	—			697.5		—			—			697.5
Other intangible assets, net	—			797.0		—			—			797.1
Other assets, net	16.7			92.2		—			—			108.9
Investment in subsidiaries	1,697.6			—		—			(1,697.6		)	—
Total assets	$	1,548.9		$	2,685.2	$	7.8		$	(1,894.2	)	$	2,347.7
Liabilities and Stockholders’ Equity
Current Liabilities
Current maturities of long-term debt	$	12.7		$	—	$	—		$	(8.0	)	$	4.7
Accounts payable	1.8			31.5		—						33.3
Accrued employee compensation and benefits	9.8			8.2		—						18.1
Gift card liability	—			93.2		—						93.2
Other accrued expenses	1.3			255.6		(0.2		)	(188.6		)	68.0
Total current liabilities	25.7			388.5		(0.2		)	(196.6		)	217.3
Long-term debt	1,205.0			—		—						1,205.0
Financing obligations	—			51.9		—						51.9
Capital lease obligations	—			115.4		—			—			115.4
Deferred income taxes	2.2			347.2		(0.3		)				349.2
Other liabilities	5.8			92.2		0.9						98.9
Total liabilities	1,238.7			995.2		0.4			(196.6		)	2,037.7
Total stockholders’ equity	310.1			1,690.0		7.4			(1,697.6		)	310.0
Total liabilities and stockholders’ equity	$	1,548.9		$	2,685.2	$	7.8		$	(1,894.2	)	$	2,347.7

⁽¹⁾ Supplemental condensed statements presented in millions may not foot/crossfoot due to rounding from Consolidated Statements presented in thousands.

Supplemental Condensed Consolidating Balance Sheet

December 31, 2012

(In millions⁽¹⁾)



	Parent			Combined Guarantor Subsidiaries		Combined Non-guarantor Subsidiaries			Eliminations and Reclassification			Consolidated
Assets
Current Assets
Cash and cash equivalents	$	9.9		$	54.0	$	0.6		$	—		$	64.5
Receivables, net	2.8			133.7		0.1			(8.0		)	128.6
Prepaid expenses and other current assets	151.3			64.6		—			(136.3		)	79.5
Deferred income taxes	(3.2		)	24.1		0.8			—			21.8
Intercompany	(394.9		)	389.0		6.0			—			—
Total current assets	(234.1		)	665.4		7.5			(144.3		)	294.5
Long-term receivables	—			212.3		—			—			212.3
Property and equipment, net	23.2			270.2		0.9			—			294.4
Goodwill	—			697.5		—			—			697.5
Other intangible assets, net	—			806.1		—			—			806.1
Other assets, net	18.4			92.3		—			—			110.7
Investment in subsidiaries	1,697.6			—		—			(1,697.6		)	—
Total assets	$	1,505.1		$	2,743.8	$	8.5		$	(1,841.9	)	$	2,415.4
Liabilities and Stockholders’ Equity
Current Liabilities
Current maturities of long-term debt	$	15.4		$	—	$	—		$	(8.0	)	$	7.4
Accounts payable	1.4			29.3		0.1			—			30.8
Accrued employee compensation and benefits	9.4			13.0		—			—			22.4
Gift card liability	—			161.7		—			—			161.7
Other accrued expenses	(42.5		)	223.8		0.5			(136.3		)	45.5
Total current liabilities	(16.3		)	427.8		0.6			(144.3		)	267.8
Long-term debt	1,202.1			—		—			—			1,202.1
Financing obligations	—			52.0		—			—			52.0
Capital lease obligations	—			124.4		—			—			124.4
Deferred income taxes	4.7			357.6		(0.2		)	—			362.2
Other liabilities	5.6			91.9		0.7			—			98.2
Total liabilities	1,196.1			1,053.8		1.1			(144.3		)	2,106.6
Total stockholders’ equity	309.0			1,690.0		7.4			(1,697.6		)	308.8
Total liabilities and stockholders’ equity	$	1,505.1		$	2,743.8	$	8.5		$	(1,841.9	)	$	2,415.4

⁽¹⁾ Supplemental condensed statements presented in millions may not foot/crossfoot due to rounding from Consolidated Statements presented in thousands.

Supplemental Condensed Consolidating Statement of Income and Comprehensive Income

Supplemental Condensed Consolidating Statement of Comprehensive Income

For the Nine Months Ended September 30, 2013

(In millions⁽¹⁾)



	Parent			Combined Guarantor Subsidiaries			Combined Non-guarantor Subsidiaries			Eliminations and Reclassification			Consolidated
Revenues
Franchise and restaurant revenues	$	2.1		$	376.5		$	1.0		$	—		$	379.6
Rental revenues	—			92.7			—			—			92.7
Financing revenues	—			10.2			—			—			10.2
Total revenue	2.1			479.4			1.0			—			482.6
Franchise and restaurant expenses	2.1			128.8			—			—			130.9
Rental expenses	—			72.9			—			—			72.9
Financing expenses	—			0.2			—			—			0.2
General and administrative expenses	27.7			76.3			0.9			—			105.0
Interest expense	74.2			1.0			—			—			75.2
Amortization of intangible assets	—			9.2			—			—			9.2
Closure and impairment charges	—			0.5			0.2			—			0.8
Loss (gain) on disposition of assets	—			0.4			(0.7		)	—			(0.3		)
Debt modification costs	1.3			—			—			—			1.3
Intercompany dividend	(116.6		)	—			—			116.6			—
Income before income taxes	13.4			190.0			0.5			(116.6		)	87.3
Benefit (provision) for income taxes	40.5			(73.9		)	—			—			(33.4		)
Net income	$	53.9		$	116.1		$	0.5		$	(116.6	)	$	53.9
Total comprehensive income	$	53.9		$	116.1		$	0.5		$	(116.6	)	$	53.9

⁽¹⁾ Supplemental condensed statements presented in millions may not foot/crossfoot due to rounding from Consolidated Statements presented in thousands.

Supplemental Condensed Consolidating Statement of Comprehensive Income

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 and restaurant revenues	$	1.9		$	585.1		$	0.8		$	—		$	587.8
Rental revenues	—			92.1			—			—			92.1
Financing revenues	—			11.4			—			—			11.4
Total revenue	1.9			688.6			0.8			—			691.3
Franchise and restaurant expenses	1.8			311.6			—			—			313.4
Rental expenses	—			73.1			—			—			73.1
Financing expenses	—			1.6			—			—			1.6
General and administrative expenses	28.9			95.2			1.4			—			125.6
Interest expense	80.9			7.9			—			—			88.8
Amortization of intangible assets	—			9.2			—			—			9.2
Closure and impairment charges	—			0.7			0.6			—			1.3
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 before income taxes	65.1			277.8			—			(179.7		)	163.1
Benefit (provision) for income taxes	43.6			(97.9		)	—			—			(54.2		)
Net income	$	108.7		$	179.9		$	—		$	(179.7	)	$	108.9
Total comprehensive income	$	108.8		$	180.0		$	—		$	(179.7	)	$	109.0

⁽¹⁾ Supplemental condensed statements presented in millions may not foot/crossfoot due to rounding from Consolidated Statements presented in thousands.

Supplemental Condensed Consolidating Statement of Comprehensive Income

For the Three Months Ended September 30, 2013

(In millions⁽¹⁾)



	Parent			Combined Guarantor Subsidiaries			Combined Non-guarantor Subsidiaries			Eliminations and Reclassification			Consolidated
Revenues
Franchise and restaurant revenues	$	0.7		$	126.1		$	0.4		$	—		$	127.1
Rental revenues	—			31.0			—			—			31.0
Financing revenues	—			3.2			—			—			3.2
Total revenue	0.7			160.3			0.4			—			161.3
Franchise and restaurant expenses	0.6			43.5			—			—			44.1
Rental expenses	—			24.1			—			—			24.2
Financing expenses	—			—			—			—			—
General and administrative expenses	9.0			26.0			0.3			—			35.3
Interest expense	24.6			0.3			—			—			25.0
Amortization of intangible assets	—			3.1			—			—			3.1
Closure and impairment charges	—			(0.5		)	0.1			—			(0.4		)
Loss (gain) on disposition of assets	—			0.1			(0.2		)	—			(0.1		)
Intercompany dividend	(39.2		)	—			—			39.2			—
Income before income taxes	5.6			63.5			0.2			(39.2		)	30.1
Benefit (provision) for income taxes	13.1			(24.5		)	—			—			(11.4		)
Net income	$	18.7		$	39.0		$	0.2		$	(39.2	)	$	18.7
Total comprehensive income	$	18.7		$	39.0		$	0.2		$	(39.2	)	$	18.7

⁽¹⁾ Supplemental condensed statements presented in millions may not foot/crossfoot due to rounding from Consolidated Statements presented in thousands.

Supplemental Condensed Consolidating Statement of Comprehensive Income

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 and restaurant revenues	$	0.7		$	181.3		$	0.3		$	—		$	182.2
Rental revenues	—			30.9			—			—			30.9
Financing revenues	—			3.2			—			—			3.2
Total revenue	0.7			215.4			0.3			—			216.3
Franchise and restaurant expenses	0.6			95.2			—			—			95.7
Rental expenses	—			24.2			—			—			24.2
Financing expenses	—			—			—			—			—
General and administrative expenses	15.8			32.5			0.4			—			48.7
Interest expense	26.5			2.4			—			—			28.9
Amortization of intangible assets	—			3.1			—			—			3.1
Closure and impairment charges	—			0.2			0.2			—			0.4
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 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 income	$	60.6		$	88.6		$	0.1		$	(88.7	)	$	60.6
Total comprehensive income	$	60.6		$	88.6		$	0.1		$	(88.7	)	$	60.6

⁽¹⁾ Supplemental condensed statements presented in millions may not foot/crossfoot due to rounding from Consolidated Statements presented in thousands.

Supplemental Condensed Consolidating Statement of Cash Flows

For the Nine Months Ended September 30, 2013

(In millions⁽¹⁾)



	Parent			Combined Guarantor Subsidiaries			Combined Non-guarantor Subsidiaries			Eliminations and Reclassification		Consolidated
Cash flows provided by (used in) operating activities	$	(66.3	)	$	169.4		$	(0.3	)	$	—	$	102.8
Investing cash flows:
Additions to property and equipment	(3.8		)	(0.7		)	—			—		(4.6		)
Principal receipts from long-term receivables	—			10.3			—			—		10.3
Proceeds from sale of assets	—			—			—			—		—
Other	—			0.3			—			—		0.3
Cash flows provided by (used in) investing activities	(3.8		)	9.8			—			—		6.0
Financing cash flows:
Payment of debt	(2.4		)	(7.5		)	—			—		(9.9		)
Payment of debt modification costs	(1.3		)	—			—			—		(1.3		)
Repurchase of common stock	(24.7		)	—			—			—		(24.7		)
Dividends paid on common stock	(43.2		)	—			—			—		(43.2		)
Restricted cash	—			(3.1		)	—			—		(3.1		)
Other	4.2			0.1			—			—		4.4
Intercompany transfers	179.7			(180.1		)	0.4			—		—
Cash flows provided by (used in) financing activities	112.4			(190.6		)	0.4			—		(77.8		)
Net change	42.3			(11.4		)	0.1			—		31.0
Beginning cash and equivalents	9.9			54.0			0.6			—		64.5
Ending cash and equivalents	$	52.2		$	42.5		$	0.8		$	—	$	95.5

⁽¹⁾ Supplemental condensed statements presented in millions may not foot/crossfoot 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		)
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

⁽¹⁾ Supplemental condensed statements presented in millions may not foot/crossfoot due to rounding from Consolidated Statements presented in thousands.