10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_______________________________________________________________________

FORM 10-Q

______________________________________________________________________

ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 29, 2015

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                  to                     

Commission File Number: 001-13687

____________________________________

CEC ENTERTAINMENT, INC.

(Exact name of registrant as specified in its charter)

____________________________________

Kansas (State or other jurisdiction of incorporation or organization)	48-0905805 (IRS Employer Identification No.)
4441 West Airport Freeway Irving, Texas	75062
(Address of principal executive offices)	(Zip Code)

(972) 258-8507

(Registrant’s telephone number, including area code)

Not applicable

(Former name, former address and former fiscal year, if changed since last report)

____________________________________

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.     Yes   ý     No   ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).     Yes   ý     No   ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act:

Large accelerated filer	¨	Accelerated filer	¨
Non-accelerated filer	ý	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  ý

As of April 29, 2015, an aggregate of 200 shares of the registrant’s common stock, par value $0.01 per share were outstanding.

CEC ENTERTAINMENT, INC.

TABLE OF CONTENTS

	Page
PART I FINANCIAL INFORMATION
ITEM 1. Financial Statements (Unaudited)
Consolidated Balance Sheets at March 29, 2015 and December 28, 2014 (Successor)	3
Consolidated Statements of Earnings for the three months ended March 29, 2015 and the 44 day period ended March 30, 2014 (Successor), and the 47 day period ended February 14, 2014 (Predecessor)	4
Consolidated Statements of Comprehensive Income (Loss) for the three months ended March 29, 2015 and the 44 day period ended March 30, 2014 (Successor), and the 47 day period ended February 14, 2014 (Predecessor)	5
Consolidated Statements of Cash Flows for the three months ended March 29, 2015 and the 44 day period ended March 30, 2014 (Successor), and the 47 day period ended February 14, 2014 (Predecessor)	6
Notes to Consolidated Financial Statements	8
ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	26
ITEM 3. Quantitative and Qualitative Disclosures About Market Risk	38
ITEM 4. Controls and Procedures	38
PART II OTHER INFORMATION
ITEM 1. Legal Proceedings	39
ITEM 1A. Risk Factors	39
ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds	39
ITEM 6. Exhibits	40
SIGNATURES

2

PART I - FINANCIAL INFORMATION

ITEM 1. Financial Statements.

CEC ENTERTAINMENT, INC.

CONSOLIDATED BALANCE SHEETS

(Unaudited)

(in thousands, except share information)

	Successor
	March 29, 2015			December 28, 2014
ASSETS
Current assets:
Cash and cash equivalents	$	151,624		$	110,994
Accounts receivable	14,508			18,835
Inventories	19,538			18,979
Prepaid expenses	18,410			20,894
Deferred tax asset	3,943			3,943
Total current assets	208,023			173,645
Property and equipment, net	667,897			681,972
Goodwill	483,983			483,444
Intangible assets, net	491,211			491,400
Deferred financing costs, net	23,085			24,087
Other noncurrent assets	9,878			9,595
Total assets	$	1,884,077		$	1,864,143
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Bank indebtedness and other long-term debt, current portion	$	9,545		$	9,545
Capital lease obligations, current portion	405			408
Accounts payable	42,926			43,633
Accrued expenses	62,131			35,561
Unearned revenues	9,209			8,906
Accrued interest	10,746			16,152
Other current liabilities	2,989			2,990
Total current liabilities	137,951			117,195
Capital lease obligations, less current portion	15,371			15,476
Bank indebtedness and other long-term debt, less current portion	996,665			998,441
Deferred tax liability	209,923			222,915
Accrued insurance	9,901			12,146
Other noncurrent liabilities	208,185			205,384
Total liabilities	1,577,996			1,571,557
Stockholders’ equity:
Common stock, $0.01 par value; authorized 1,000 shares; 200 shares issued as of March 29, 2015 and December 28, 2014	—			—
Capital in excess of par value	355,982			355,587
Retained earnings (deficit)	(47,346		)	(62,088		)
Accumulated other comprehensive income (loss)	(2,555		)	(913		)
Total stockholders’ equity	306,081			292,586
Total liabilities and stockholders’ equity	$	1,884,077		$	1,864,143

The accompanying notes are an integral part of these unaudited interim Consolidated Financial Statements.

3

CEC ENTERTAINMENT, INC.

CONSOLIDATED STATEMENTS OF EARNINGS

(Unaudited)

(in thousands)

	Successor					Predecessor
	Three Months Ended		For the 44 Day Period Ended			For the 47 Day Period Ended
	March 29, 2015		March 30, 2014			February 14, 2014
REVENUES:
Food and beverage sales	$	116,537	$	62,277		$	50,897
Entertainment and merchandise sales	144,744		78,613			62,659
Total company store sales	261,281		140,890			113,556
Franchise fees and royalties	4,227		686			687
Total revenues	265,508		141,576			114,243
OPERATING COSTS AND EXPENSES:
Company store operating costs:
Cost of food and beverage (exclusive of items shown separately below)	29,225		15,697			12,285
Cost of entertainment and merchandise (exclusive of items shown separately below)	8,522		4,830			3,729
Total cost of food, beverage, entertainment and merchandise	37,747		20,527			16,014
Labor expenses	67,173		31,948			31,998
Depreciation and amortization	29,241		18,475			9,733
Rent expense	24,458		7,710			12,365
Other store operating expenses	33,519		16,639			15,760
Total company store operating costs	192,138		95,299			85,870
Other costs and expenses:
Advertising expense	11,452		5,137			5,903
General and administrative expenses	17,190		6,828			7,963
Transaction and severance costs	41		37,679			11,634
Total operating costs and expenses	220,821		144,943			111,370
Operating income (loss)	44,687		(3,367		)	2,873
Interest expense	17,499		12,043			1,151
Income (loss) before income taxes	27,188		(15,410		)	1,722
Income tax expense (benefit)	12,446		(1,538		)	1,018
Net income (loss)	$	14,742	$	(13,872	)	$	704

The accompanying notes are an integral part of these unaudited interim Consolidated Financial Statements.

4

CEC ENTERTAINMENT, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(Unaudited)

(in thousands)

	Successor						Predecessor
	Three Months Ended			For the 44 Day Period Ended			For the 47 Day Period Ended
	March 29, 2015			March 30, 2014			February 14, 2014
Net income (loss)	$	14,742		$	(13,872	)	$	704
Components of other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(1,642		)	(112		)	(541		)
Total components of other comprehensive income (loss), net of tax	(1,642		)	(112		)	(541		)
Comprehensive income (loss)	$	13,100		$	(13,984	)	$	163

The accompanying notes are an integral part of these unaudited interim Consolidated Financial Statements.

5

CEC ENTERTAINMENT, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

(in thousands)

	Successor						Predecessor
	Three Months Ended			For the 44 Day Period Ended			For the 47 Day Period Ended
	March 29, 2015			March 30, 2014			February 14, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$	14,742		$	(13,872	)	$	704
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	30,398			18,672			9,883
Deferred income taxes	(13,268		)	(8,494		)	(1,785		)
Stock-based compensation expense	391			—			12,225
Amortization of lease-related liabilities	5			58			(356		)
Amortization of original issue discount and deferred financing costs	1,137			541			58
Loss on asset disposals, net	1,244			974			294
Non-cash rent expense	2,136			795			(916		)
Other adjustments	19			97			144
Changes in operating assets and liabilities:
Accounts receivable	2,392			(1,105		)	1,503
Inventories	880			3,500			(2,472		)
Prepaid expenses	(752		)	(3,118		)	2,656
Accounts payable	(1,230		)	(375		)	(270		)
Accrued expenses	1,512			9,634			(2,403		)
Unearned revenues	309			(1,155		)	349
Accrued interest	(5,326		)	6,176			152
Income taxes payable	25,551			3,552			2,898
Deferred landlord contributions	408			2,104			(350		)
Net cash provided by operating activities	60,548			17,984			22,314
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of Predecessor	—			(946,898		)	—
Acquisition of Peter Piper Pizza	(663		)	—			—
Purchases of property and equipment	(16,109		)	(6,501		)	(9,710		)
Proceeds from sale of property and equipment	97			98			51
Development of internal use software	(185		)	—			—
Net cash used in investing activities	(16,860		)	(953,301		)	(9,659		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from secured credit facilities, net of original issue discount	—			756,200			—
Proceeds from senior notes	—			255,000			—
Repayment of Predecessor Facility	—			(348,000		)	—
Repayments on senior term loan	(1,900		)	—			—
Repayments on note payable	(11		)	—			—
Net repayments on revolving credit facility	—			—			(13,500		)
Payment of debt financing costs	—			(27,575		)	—
Payments on capital lease obligations	(100		)	(26		)	(164		)
Payments on sale leaseback obligations	(386		)	—			—
Dividends paid	—			(890		)	(38		)
Excess tax benefit realized from stock-based compensation	—			5,043			—
Restricted stock returned for payment of taxes	—			—			(142		)

6

CEC ENTERTAINMENT, INC.

CONSOLIDATED STATEMENT OF CASH FLOWS, CONT'D

(Unaudited)

(in thousands)

Equity contribution	—			350,000			—
Net cash provided by (used in) financing activities	(2,397		)	989,752			(13,844		)
Effect of foreign exchange rate changes on cash	(661		)	(59		)	(313		)
Change in cash and cash equivalents	40,630			54,376			(1,502		)
Cash and cash equivalents at beginning of period	110,994			19,184			20,686
Cash and cash equivalents at end of period	$	151,624		$	73,560		$	19,184
	Successor						Predecessor
	Three Months Ended			For the 44 Day Period Ended			For the 47 Day Period Ended
	March 29, 2015			March 30, 2014			February 14, 2014
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid (1)	$	21,734		$	5,394		$	938
Income taxes paid (refunded), net	$	183		$	(1,633	)	$	(79	)
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Accrued construction costs	$	2,870		$	1,744		$	3,605
Dividends payable	$	—		$	—		$	890

__________________

(1) The 44 day period endedMarch 30, 2014 includes $4.9 million of debt issuance costs and interest expense related to the bridge loan.

The accompanying notes are an integral part of these unaudited interim Consolidated Financial Statements.

7

CEC ENTERTAINMENT, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

1. Description of Business and Summary of Significant Accounting Policies:

Description of Business

The use of the terms “CEC Entertainment,” the “Company,” “we,” “us” and “our” throughout these unaudited notes to the interim Consolidated Financial Statements refer to CEC Entertainment, Inc. and its subsidiaries.

We currently operate and franchise Chuck E. Cheese’s and Peter Piper Pizza family dining and entertainment centers (also referred to as “stores”) in a total of 47 states and 11 foreign countries and territories. Our stores provide our guests with a variety of family entertainment and dining alternatives. All of our stores utilize a consistent restaurant-entertainment format that features both family dining and entertainment areas with the same general mix of food, beverages, entertainment and merchandise. The economic characteristics, products and services, preparation processes, distribution methods and types of customers are substantially similar for each of our stores. Therefore, we aggregate each store’s operating performance into one reportable segment for financial reporting purposes.

Basis of Presentation

The accompanying interim Consolidated Financial Statements are presented for two periods, Predecessor and Successor, which relate to the accounting periods preceding and succeeding the completion of the Merger. The Predecessor and Successor periods have been separated by a vertical line on the face of the Consolidated Financial Statements to highlight the fact that the financial information for such periods has been prepared under two different historical cost bases of accounting. For the purpose of presentation and disclosure, all references to the “Predecessor” relate to CEC Entertainment and its subsidiaries for periods prior to the Merger. All references to the “Successor” relate to CEC Entertainment and its subsidiaries, after giving effect to the Merger, for periods subsequent to the Merger. References to “CEC Entertainment,” the “Company,” “we,” “us” and “our” relate to the Predecessor for periods prior to the Merger and to the Successor for periods subsequent to the Merger.

In connection with our Sale Leaseback Transaction that occurred in August 2014, the Company assigned a portion of its rights in the resulting purchase and sale agreement to a newly formed special purpose entity, a VIE, created by a Qualified Intermediary to facilitate a like-kind exchange pursuant to Internal Revenue Code Section 1031. The assignment resulted in $12.1 million of the sales proceeds from the transaction being received by the VIE. We included the VIE in our Consolidated Financial Statements for the fiscal year ended December 28, 2014. In February 2015, we acquired the VIE, along with its capital improvements and remaining cash balance. The assets, liabilities and operating results of the acquired VIE are not material to our Consolidated Financial Statements.

The Company has a controlling financial interest in International Association of CEC Entertainment, Inc. (the “Association”), a VIE. The Association primarily administers the collection and disbursement of funds (the “Association Funds”) used for advertising, entertainment and media programs that benefit both us and our franchisees. We and our franchisees are required to contribute a percentage of gross sales to these funds and could be required to make additional contributions to fund any deficits that may be incurred by the Association. We include the Association in our Consolidated Financial Statements, as we concluded that we are the primary beneficiary of its variable interests because we (a) have the power to direct the majority of its significant operating activities; (b) provide it unsecured lines of credit; and (c) own the majority of the stores that benefit from the Association’s advertising, entertainment and media expenditures. The assets, liabilities and operating results of the Association are not material to our Consolidated Financial Statements.

Because the Association Funds are required to be segregated and used for specified purposes, we do not reflect franchisee contributions to the Association Funds as revenue, but rather record franchisee contributions as an offset to reported advertising expenses. Our contributions to the Association Funds are eliminated in consolidation. Contributions to the advertising, entertainment and media funds from our franchisees were $0.6 million for the three months ended March 29, 2015, $0.4 million for the 44 day period endedMarch 30, 2014 and $0.4 million for the 47 day period endedFebruary 14, 2014 .

The preparation of these unaudited Consolidated Financial Statements in conformity with accounting principles generally accepted in the United States (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of our unaudited Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

8

CEC ENTERTAINMENT, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

(Unaudited)

Interim Financial Statements

The accompanying Consolidated Financial Statements as of March 29, 2015 and for the three months ended March 29,2015, the 44 day period endedMarch 30, 2014 and the 47 day period endedFebruary 14, 2014, are unaudited and are presented in accordance with the requirements for quarterly reports on Form 10-Q and, consequently, do not include all of the information and footnote disclosures required by GAAP. In the opinion of management, the Company’s Consolidated Financial Statements include all adjustments (consisting solely of normal recurring adjustments) necessary for the fair statement of its consolidated results of operations, financial position and cash flows as of the dates and for the periods presented in accordance with GAAP and the rules and regulations of the United States Securities and Exchange Commission (the “SEC”). Our Consolidated Financial Statements include all necessary reclassification adjustments to conform prior year results to the current period presentation.

Consolidated results of operations for interim periods are not necessarily indicative of results for the full year. The unaudited Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and related notes included in our Annual Report on Form 10-K for the fiscal year ended December 28, 2014, filed with the SEC on March 5, 2015.

Recently Issued Accounting Guidance

Accounting Guidance Not Yet Adopted: In January 2015, the FASB issued ASU 2015-01, Income Statement - Extraordinary and Unusual Items (Subtopic 225-20). This amendment eliminates the income statement concept of extraordinary items and the requirements for entities to consider whether an underlying event or transaction is extraordinary. This amendment is effective for fiscal years beginning after December 15, 2015, including interim periods therein. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. We do not expect the adoption of this amendment to have a significant impact on our Consolidated Financial Statements.

In April 2015, the FASB issued ASU 2015-03, Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. This amendment requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by this amendment. This amendment is effective for fiscal years beginning after December 15, 2015, including interim periods therein. The amendment should be applied on a retrospective basis, wherein the balance sheet of each individual period should be adjusted to reflect the period-specific effects of applying the new guidance. Early adoption is permitted for financial statements that have not been previously issued. As of March 29, 2015, we have $23.1 million of net deferred financing costs that would be reclassified from a long-term asset to a reduction in the carrying amount of our debt.

Note 2. Acquisition of Peter Piper Pizza:

In October 2014, the Company acquired Peter Piper Pizza (“PPP”), a leading pizza and entertainment restaurant chain operating in the southwestern United States and Mexico, for aggregate consideration paid of $113.1 million, net of cash acquired.During the three months ended March 29, 2015, the Company made certain adjustments to the initial PPP purchase price allocation related to the final settlement of net working capital, the valuation of favorable and unfavorable lease interests and the valuation of PPP’s tradename that resulted in a net increase to goodwill of $0.5 million.

The following table summarizes the final allocation of the purchase price to the estimated fair values of assets acquired and liabilities assumed at the date of the acquisition, as well as adjustments made during the measurement period (in thousands):

9

CEC ENTERTAINMENT, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

(Unaudited)

	PPP Preliminary Purchase Price Allocation			Measurement Period Adjustments			PPP Final Purchase Price Allocation
Cash consideration paid	$	118,409		$	663		$	119,072
Fair value of assets acquired and liabilities assumed:
Cash and cash equivalents	5,267			—			5,267
Accounts receivable	511			—			511
Inventories	820			—			820
Other current assets	598			—			598
Property, plant and equipment	14,383			—			14,383
Favorable lease interests	2,000			(1,120		)	880
Peter Piper Pizza's tradename	24,800			1,900			26,700
Franchise agreements	39,300			—			39,300
Other non-current assets	154			—			154
Indebtedness	(120		)	—			(120		)
Unfavorable lease interests	(3,290		)	(580		)	(3,870		)
Deferred taxes	(12,935		)	(76		)	(13,011		)
Other current and non-current liabilities	(4,061		)	—			(4,061		)
Net assets acquired	67,427			124			67,551
Excess purchase price allocated to goodwill	$	50,982		$	539		$	51,521

The measurement period adjustments did not have a significant impact on our consolidated statement of earnings for the three months ended March 29, 2015. In addition, these adjustments did not have a significant impact on our consolidated balance sheet as of December 28, 2014. Therefore, we have not retrospectively adjusted this financial information.

3. Property and Equipment:

Total depreciation and amortization expense related to property and equipment was $30.4 million, 18.7 million, and $9.9 million for the three months ended March 29, 2015, the 44 day period endedMarch 30, 2014 and the 47 day period endedFebruary 14, 2014, respectively, of which, $1.0 million, $0.1 million and $0.2 million, respectively, was included in “General and administrative expenses” in our Consolidated Statements of Earnings. Total depreciation and amortization expense for the three months ended March 29, 2015 and the 44 day period endedMarch 30, 2014 includes approximately $0.5 million and $0.1 million, respectively, related to the amortization of franchise agreements (see Note 4. “Goodwill and Intangible Assets, Net”).

Asset Impairment

We did not record any impairment charges for the three months ended March 29, 2015, the 44 day period endedMarch 30, 2014, and the 47 day period endedFebruary 14, 2014.

10

CEC ENTERTAINMENT, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

(Unaudited)

4. Goodwill and Intangible Assets, Net:

The following table presents changes in the carrying value of goodwill for the three months endedMarch 29, 2015 (in thousands):

	Successor
Balance at December 28, 2014	$	483,444
Additions (1)	539
Balance at March 29, 2015	$	483,983

__________________

(1) In the first quarter of 2015, we recorded certain adjustments to the initial PPP purchase price allocation related to the final settlement of net working capital, the valuation of favorable and unfavorable lease interests and the valuation of PPP’s tradename that resulted in a net increase to goodwill of $0.5 million. See Note 2 “Peter Piper Acquisition” for a discussion of the measurement period adjustments.

The following table presents our indefinite and definite-lived intangible assets at March 29, 2015:

	Successor
	Weighted Average Life (Years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
		(in thousands)
Chuck E. Cheese's tradename	Indefinite	$	400,000	$	—		$	400,000
Peter Piper Pizza tradename (1)(2)	Indefinite	26,700		—			26,700
Favorable lease agreements (2)	10	14,880		(2,135		)	12,745
Franchise agreements	25	53,300		(1,534		)	51,766
		$	494,880	$	(3,669	)	$	491,211

__________________

(1) In connection with the Merger and the PPP Acquisition, we also recorded unfavorable lease liabilities of $10.2 million and $3.9 million, respectively, which are included in “Other current liabilities” and “Other non-current liabilities” in our Consolidated Balance Sheets. Such amounts are being amortized over a weighted average life of 10 years, and are included in “Rent expense” in our Consolidated Statements of Earnings for the Successor periods.

(2) In the first quarter of 2015 we recorded an adjustment of $1.9 million related to the valuation of the PPP tradename and an adjustment of $(1.1) million related to the valuation of the favorable lease agreements intangible asset recorded in connection with the PPP Acquisition. See Note 2 “Acquisition of Peter Piper Pizza” for a discussion of these adjustments.

Amortization expense related to favorable lease agreements was $0.5 million for the three months endedMarch 29, 2015 and $0.2 million for the 44 day period endedMarch 30, 2014, and is included in “Rent expense” in our Consolidated Statements of Earnings. Amortization expense related to franchise agreements was $0.5 million for the three months endedMarch 29, 2015 and $0.1 million for the 44 day period endedMarch 30, 2014, and is included in “Rent expense” in our Consolidated Statements of Earnings. As we did not have any intangible assets related to favorable lease agreements or franchise agreements prior to the Acquisition, we did not incur any amortization expense related to favorable lease agreements or franchise agreements for the 47 day period endedFebruary 14, 2014.

11

CEC ENTERTAINMENT, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

(Unaudited)

5. Indebtedness and Interest Expense:

 Our long-term debt consisted of the following for the periods presented:

	Successor
	March 29, 2015			December 28, 2014
	(in thousands)
Term loan facility	$	754,300		$	756,200
Revolving credit facility	—			—
Senior notes	255,000			255,000
Note payable	102			113
Total debt outstanding	1,009,402			1,011,313
Less:
Unamortized original issue discount	(3,192		)	(3,327		)
Current portion	(9,545		)	(9,545		)
Bank indebtedness and other long-term debt, less current portion	$	996,665		$	998,441

We were in compliance with the debt covenants in effect as of March 29, 2015 for both the Secured Credit Facilities and the senior notes. For further discussion regarding the debt covenants, see Secured Credit Facilities and Senior Unsecured Debt sections below.

Secured Credit Facilities

As of March 29, 2015, we had $754.3 million (excluding the original issue discount) outstanding under the Term loan facility, no borrowings outstanding under the revolving credit facility and $10.9 million of letters of credit issued but undrawn. The Secured Facilities require scheduled quarterly payments on the term loan equal to 0.25% of the original principal amount of the Term loan from July 2014 to December 2020, with the remaining balance paid at maturity, February 14, 2021.

Borrowings under the Secured Credit Facilities bear interest at a rate equal to, at our option, either (a) a London Interbank Offered Rate (“LIBOR”) determined by reference to the costs of funds for Eurodollar deposits for the interest period relevant to such borrowings, adjusted for certain additional costs, subject to a 1.00% floor in the case of term loans or (b) a base rate determined by reference to the highest of (i) the federal funds effective rate plus 0.50%; (ii) the prime rate of Deutsche Bank AG New York Branch; and (iii) the one-month adjusted LIBOR plus 1.00%; in each case plus an applicable margin. The applicable margin for borrowings is 3.00% with respect to LIBOR borrowings and 2.00% with respect to base rate borrowings under the term loan facility and base rate borrowings and swingline borrowings under the revolving credit facility. During the three months endedMarch 29, 2015, the federal funds rate ranged from 0.06% to 0.13%, the prime rate was 3.25% and the one-month LIBOR ranged from 0.17% to 0.18%.

The weighted average effective interest rate incurred on our borrowings under our Secured Credit Facilities was 4.6% for the three months endedMarch 29, 2015 and 4.7% for the 44 day period endedMarch 30, 2014, which includes amortization of debt issuance costs related to our Secured Credit Facilities, amortization of our term loan facility original issue discount and commitment and other fees related to our Secured Credit Facilities.

As of March 29, 2015, the borrowings under the revolving credit facility were less than 30% of the outstanding commitments; therefore, the springing financial maintenance covenant under our revolving credit facility was not in effect.

Senior Unsecured Debt

Our $255.0 million aggregate principal amount borrowings of 8.000% Senior Notes due 2022 (the “senior notes”) bear interest at a rate of 8.000% per year and mature on February 15, 2022.

Our obligations under the senior notes are fully and unconditionally guaranteed, jointly and severally, by our present and future direct and indirect wholly-owned material domestic subsidiaries that guarantee our Secured Credit Facilities.

The indenture contains restrictive covenants that limit our ability to, among other things: incur additional debt or issue certain preferred shares; create liens on certain assets; make certain loans or investments (including acquisitions); pay dividends on or make distributions in respect of our capital stock or make other restricted payments; consolidate, merge, sell or otherwise dispose of all or substantially all of our assets; sell assets; enter into certain transactions with our affiliates; and restrict

12

CEC ENTERTAINMENT, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

(Unaudited)

dividends from our subsidiaries.

The weighted average effective interest rate incurred on borrowings under our senior notes was 8.3% for the three months endedMarch 29, 2015 and 8.4% for the 44 day period endedMarch 30, 2014, which included amortization of debt issuance costs and other fees related to our senior notes.

Interest Expense

Interest expense consisted of the following for the periods presented:

	Successor				Predecessor
	Three Months Ended		For the 44 Day Period Ended		For the 47 Day Period Ended
	March 29, 2015		March 30, 2014		February 14, 2014
	(in thousands)
Term loan facility(1)	$	7,907	4,181		$	—
Senior notes	5,157		2,283		—
Bridge Loan facility (2)	—		4,943		—
Predecessor Facility	—		—		745
Capital lease obligations	455		154		275
Sale leaseback obligations	2,783		—		—
Amortization of debt issuance costs	1,001		473		58
Other	196		9		73
	$	17,499	$	12,043	$	1,151

 __________________

(1)    Includes amortization of original issue discount.

(2)    The 44 day period endedMarch 30, 2014 includes debt issuance costs of $4.7 million related to the issuance of the Bridge Loan and $0.2 million of

interest.

The weighted average effective interest rate incurred on our borrowings under our Secured Credit Facilities and senior notes was 5.5% for the three months endedMarch 29, 2015, and 9.3% for the 44 day period endedMarch 30, 2014. Excluding the impact of $4.9 million of issuance costs and interest relating to the bridge loan facility, our weighted average effective rate would have been 5.4% for the 44 day period endedMarch 30, 2014. The weighted average effective interest rate incurred on our borrowings under our Predecessor Facility for the 47 day period endedFebruary 14, 2014 was 1.6%.

6. Fair Value of Financial Instruments:

The following table presents information on our financial instruments as of the periods presented:

	Successor				Successor
	March 29, 2015				December 28, 2014
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
	(in thousands)
Financial Liabilities:
Bank indebtedness and other long-term debt, less current portion	$	996,665	$	989,540	$	998,441	$	974,084

Our financial instruments consist of cash and cash equivalents, accounts receivable, accounts payable, our Secured Credit Facilities and our senior notes. The carrying amount of cash and cash equivalents, accounts receivable and accounts payable approximates fair value because of their short maturities. The estimated fair value of our secured credit facilities term

13

CEC ENTERTAINMENT, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

(Unaudited)

loan and senior notes was determined by using estimated market prices of our outstanding borrowings under our term loan facility and the senior notes, which are classified as Level 2 in the fair value hierarchy.

During the three months ended March 29, 2015, the 44 day period endedMarch 30, 2014 and the 47 day period endedFebruary 14, 2014, there were no significant transfers among level 1, 2 or 3 fair value determinations.

7. Commitments and Contingencies:

Legal Proceedings

From time to time, we are involved in various inquiries, investigations, claims, lawsuits and other legal proceedings that are incidental to the conduct of our business. These matters typically involve claims from customers, employees or other third parties involved in operational issues common to the retail, restaurant and entertainment industries. Such matters typically represent actions with respect to contracts, intellectual property, taxation, employment, employee benefits, personal injuries and other matters. A number of such claims may exist at any given time, and there are currently a number of claims and legal proceedings pending against us.

In the opinion of our management, after consultation with legal counsel, the amount of liability with respect to claims or proceedings currently pending against us is not expected to have a material effect on our consolidated financial condition, results of operations or cash flows.

Employment-Related Litigation: On January 27, 2014, former store employee Franchesca Ford filed a purported class action lawsuit against the Company in San Francisco County Superior Court, California (the “Ford Litigation”). The plaintiff claims to represent other similarly-situated hourly non-exempt employees and former employees of the Company in California who were employed during the period January 27, 2010 to the present. She alleges violations of California state wage and hour laws governing vacation pay, meal and rest period pay, wages due upon termination, and waiting time penalties, and seeks an unspecified amount in damages. In March 2014, the Company removed the Ford Litigation to the U.S. District Court for the Northern District of California, San Francisco Division, and subsequently defeated the plaintiff’s motion to remand the case to California state court. The parties have exchanged formal discovery. The Company’s investigation is ongoing. We believe the Company has meritorious defenses to this lawsuit and we intend to vigorously defend it. While no assurance can be given as to the ultimate outcome of this matter, we currently believe that the final resolution of this action will not have a material adverse effect on our results of operations, financial position, liquidity or capital resources.

On March 24, 2014, Franchesca Ford and Isabel Rodriguez filed a purported class action lawsuit against the Company in the U.S. District Court, Southern District of California, San Diego Division. The plaintiffs claim to represent other similarly-situated applicants who were subject to pre-employment background checks with the Company in California and across the United States from March 24, 2012 to the present. The lawsuit alleges violations of the Fair Credit Reporting Act and the California Consumer Credit Reporting and Investigative Reporting Agencies Act. On September 23, 2014, the Company reached an agreement to settle the lawsuit on a class-wide basis. The settlement would result in the plaintiffs’ dismissal of all claims asserted in the action, as well as certain related but unasserted claims, and grant of complete releases, in exchange for the Company’s settlement payment of up to $1,750,000 (a substantial portion of which would be covered by the Company’s insurance carrier). On January 16, 2015, the parties executed a written settlement agreement, which will be submitted to the Court for approval. The Company has accrued for all probable and reasonably estimable losses associated with this claim. We currently believe that the final resolution of this action will not have a material adverse effect on our results of operations, financial position, liquidity or capital resources.

On October 17, 2014, former store employee Wiley Wright filed a purported class action lawsuit against the Company in the United States District Court, Eastern District of New York, claiming to represent other similarly-situated salaried exempt current and former employees of the Company in the state of New York during the period October 17, 2008, as well as similarly-situated salaried exempt current and former employees throughout the remainder of the United States during the period October 17, 2011 to the present. The lawsuit alleges that current and former Assistant Managers and Senior Assistant Managers were unlawfully classified as exempt from overtime protections and worked more than 40 hours a week without overtime premium pay in violation of the Fair Labor Standards Act and New York Labor Law. The plaintiff seeks an unspecified amount in damages. On December 12, 2014, plaintiff moved for conditional certification of the putative class of employees; the Company filed its response to this motion on January 19, 2015. As of the date of this filing, the Court has not ruled on plaintiff’s motion. We believe the Company has meritorious defenses to this lawsuit and we intend to vigorously defend it. While no assurance can be given as to the ultimate outcome of this matter, we currently believe that the final resolution of this action will not have a material adverse effect on our results of operations, financial position, liquidity or capital resources.

14

CEC ENTERTAINMENT, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

(Unaudited)

On October 10, 2014, former store General Manager Richard Sinohui filed a purported class action lawsuit against the Company in the Superior Court of California, Riverside County (the “Sinohui Litigation”), claiming to represent other similarly-situated current and former General Managers of the Company in California during the period October 10, 2010 to the present. The lawsuit alleges current and former California General Managers were unlawfully classified as exempt from overtime protections and worked more than 40 hours a week without overtime premium pay, paid rest periods and paid meal periods, in violation of the California Labor Code, California Business and Professions Code, and the applicable Wage Order issued by the California Industrial Welfare Commission. The plaintiff seeks an unspecified amount in damages. On December 5, 2012, the Company removed the Sinohui Litigation to the U.S. District Court for the Central District of California, Southern Division. On December 30, 2014, the plaintiff petitioned the court to remand the Sinohui Litigation to California state court. On February 26, 2015, the Court overruled the plaintiff’s motion to remand. The Company’s investigation is ongoing. We believe the Company has meritorious defenses to this lawsuit and we intend to vigorously defend it. While no assurance can be given as to the ultimate outcome of this matter, we currently believe that the final resolution of this action will not have a material adverse effect on our results of operations, financial position, liquidity or capital resources.

Litigation Related to the Merger: Following the January 16, 2014 announcement that the Company had entered into the Merger Agreement, four putative shareholder class actions were filed in the District Court of Shawnee County, Kansas, on behalf of purported stockholders of the Company against the Company, its directors, Apollo, Parent and Merger Sub, in connection with the Merger Agreement and the transactions contemplated thereby. The first purported class action, styled Hilary Coyne v. Richard M. Frank et al. (the “Coyne Action”), was filed on January 21, 2014. The second, styled John Solak v. CEC Entertainment, Inc. et al. (the “Solak Action”), was filed on January 22, 2014. The third, styled Irene Dixon v. CEC Entertainment, Inc. et al. (the “Dixon Action”), was filed on January 24, 2014, and additionally names as defendants Apollo Management VIII, L.P. and the AP VIII Queso Holdings, L.P. The fourth, styled Louisiana Municipal Public Employees’ Retirement System v. Frank, et al. (the “LMPERS Action”), was filed on January 31, 2014, and additionally names as defendants, Apollo Management VIII, L.P. and AP VIII Queso Holdings, L.P. (collectively, Coyne, Solak, and Dixon Actions shall be referred to as the “Shareholder Actions”).

Each of the Shareholder Actions alleges that the Company’s directors breached their fiduciary duties to the Company’s stockholders in connection with their consideration and approval of the Merger Agreement by, among other things, agreeing to an inadequate tender price, the adoption on January 15, 2014 of the Rights Agreement, and certain provisions in the Merger Agreement that allegedly made it less likely that the Board would be able to consider alternative acquisition proposals. The Coyne, Dixon and LMPERS Actions further allege that the Board was advised by a conflicted financial advisor. The Solak, Dixon and LMPERS Actions further allege that the Board was subject to material conflicts of interest in approving the Merger Agreement and that the Board breached its fiduciary duties in allowing allegedly conflicted members of management to negotiate the transaction. The Dixon and LMPERS Actions further allege that the Board breached its fiduciary duties in approving the Solicitation/Recommendation Statement on Schedule 14D-9 (together with the exhibits and annexes thereto, as it may be amended or supplemented, the “Statement”) filed with the SEC on January 22, 2014, which allegedly contained material misrepresentations and omissions.

Each of the Shareholder Actions allege that Apollo aided and abetted the Board’s breaches of fiduciary duties. The Solak and Dixon Actions allege that CEC also aided and abetted such breaches, and the Solak and LMPERS Actions further allege that Parent and the Merger Sub aided and abetted such actions. The LMPERS Action further alleges that Apollo Management VIII, L.P. and AP VIII Queso Holdings, L.P. aided and abetted such actions.

The Shareholder Actions seek, among other things, rescission of the transactions, damages, attorneys’ and experts’ fees and costs, and other unspecified relief.

On January 24, 2014, the plaintiff in the Coyne Action filed an amended complaint (the “Coyne Amended Complaint”), and on January 30, 2014, the plaintiff in the Solak Action filed an amended complaint (the “Solak Amended Complaint”) (together, the “Amended Complaints”). The Amended Complaints incorporated all of the allegations in the original complaints, added allegations that the Board-approved Statement omitted certain material information, in further violation of the Board’s fiduciary duties, and requested an order directing the Board to disclose such allegedly-omitted material information. The Solak Amended Complaint also added allegations that the Board breached its fiduciary duties in allowing an allegedly conflicted financial advisor and management to lead the sales process.

On March 7, 2014, the Coyne, Solak, Dixon and LMPERS Actions were consolidated into one action. The Company has accrued for all probable and reasonably estimable losses associated with this claim. The Company believes the consolidated lawsuit is without merit and intends to defend it vigorously. While no assurance can be given as to the ultimate outcome of the consolidated matter, we currently believe that the final resolution of the action will not have a material adverse effect on our results of operations, financial position, liquidity or capital resources.

15

CEC ENTERTAINMENT, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

(Unaudited)

On June 10, 2014, Magnetar Global Event Driven Fund Ltd., Spectrum Opportunities Master Fund, Ltd., Magnetar Capital Master Fund, Ltd., and Blackwell Partners LLC, as the purported beneficial owners of shares held as of record by the nominal petitioner Cede & Co., (the “Appraisal Petitioners”), filed an action for statutory appraisal under Kansas state law against the Company in the U.S. District Court for the District of Kansas. The Appraisal Petitioners seek appraisal of $750,000 shares of common stock. The Company answered the complaint and filed a verified list of stockholders, as required under Kansas law. On September 3, 2014, the court entered a scheduling order that contemplates that discovery would commence in the fall of 2014 and would substantially be completed by May 2015. Following discovery, the scheduling order contemplates dispositive motion practice, followed thereafter, potentially, by a trial on the merits of the Appraisal Petitioners’ claims. The Company has accrued for all probable and reasonably estimable losses associated with this claim. The Company believes the lawsuit is without merit and intends to defend it vigorously. While no assurance can be given as to the ultimate outcome of this matter, we currently believe that the final resolution of this action will not have a material adverse effect on our results of operations, financial position, liquidity or capital resources.

8. Income Taxes:

Our income tax expense (benefit) consists of the following for the periods presented:

	Successor						Predecessor
	Three Months Ended			For the 44 Day Period Ended			For the 47 Day Period Ended
	March 29, 2015			March 30, 2014			February 14, 2014
	(in thousands, except percentages)
Federal and state income taxes	$	12,174		$	(1,533	)	$	914
Foreign income taxes	272			(5		)	104
Income tax expense (benefit)	$	12,446		$	(1,538	)	$	1,018
Effective rate	45.8		%	10.0		%	59.1		%

Our effective income tax rate of 45.8% for the three months endedMarch 29, 2015, 10.0% for the 44 day period endedMarch 30, 2014, and 59.1% for the 47 day period endedFebruary 14, 2014, differs from the statutory rate primarily due to the unfavorable impact of non-deductible costs related to the Merger and Merger related litigation.

Our liability for uncertain tax positions (excluding interest and penalties) was $2.3 million and $1.9 million as of March 29, 2015 and December 28, 2014, respectively, and if recognized would decrease our provision for income taxes by $1.4 million. Within the next twelve months, we could settle or otherwise conclude income tax audits and /or have expiring statutes of limitations. As such, it is reasonably possible that the liability for uncertain tax positions could decrease by as much as $0.2 million as a result of settlements with certain taxing authorities and expiring statutes of limitations within the next twelve months.

The total accrued interest and penalties related to unrecognized tax benefits as of March 29, 2015 and December 28, 2014, was $1.6 million and $1.5 million, respectively. On the Consolidated Balance Sheets, we include current interest related to unrecognized tax benefits in “Accrued interest,” current penalties in “Accrued expenses” and noncurrent accrued interest and penalties in “Other noncurrent liabilities.”

16

CEC ENTERTAINMENT, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

(Unaudited)

9. Stock-Based Compensation Arrangements:

The following table summarizes stock-based compensation expense and the associated tax benefit recognized in the Consolidated Financial Statements:

	Successor					Predecessor
	Three Months Ended			For the 44 Day Period Ended		For the 47 Day Period Ended
	March 29, 2015			March 30, 2014		February 14, 2014
	(in thousands)
Stock-based compensation costs	$	395		$	—	$	1,117
Portion capitalized as property and equipment (1)	(4		)	—		—
Stock-based compensation costs related to the accelerated vesting of restricted stock awards in connection with the Merger	—			—		11,108
Stock-based compensation expense recognized	$	391		$	—	$	12,225
Tax benefit recognized from stock-based compensation awards (2)	$	—		$	5,043	$	—

 __________________

(1) We capitalize the portion of stock-based compensation costs related to our design, construction, facilities and legal departments that are directly attributable to our store development projects, such as the design and construction of a new store and the remodeling and expansion of our existing stores. Capitalized stock-based compensation cost attributable to our store development projects is included in “Property and equipment, net” in the Consolidated Balance Sheets.

(2) We recorded the $5.0 million tax benefit related to the accelerated vesting of restricted stock awards in the 44 day period endedMarch 30, 2014, as such tax benefit are deductible for income tax purposes on the Successor tax return for fiscal year 2014.

10. Stockholders’ Equity:

The following table summarizes the changes in stockholders’ equity during the three months ended March 29, 2015:

	Common Stock			Capital In Excess of Par Value		Retained Earnings			Accumulated Other Comprehensive Income
	Shares	Amount										Total
	(in thousands, except share information)
Balance at December 29, 2014	200	$	—	$	355,587	$	(62,088	)	$	(913	)	$	292,586
Net income (loss)	—	—		—		14,742			—			14,742
Other comprehensive income (loss)	—	—		—		—			(1,642		)	(1,642		)
Stock-based compensation costs	—	—		395		—			—			395
Balance at March 29, 2015	200	$	—	$	355,982	$	(47,346	)	$	(2,555	)	$	306,081

11. Consolidating Guarantor Financial Information:

The senior notes issued by CEC Entertainment, Inc. (the “Issuer”) in conjunction with the Merger are our unsecured obligations and are fully and unconditionally, jointly and severally guaranteed by all of our wholly-owned U.S. subsidiaries (the “Guarantors”). Our wholly-owned foreign subsidiaries and our less-than-wholly-owned U.S. subsidiaries are not a party to the guarantees (the “Non-Guarantors”). The following schedules present the condensed consolidating financial statements of the Issuer, Guarantors and Non-Guarantors, as well as consolidated results, for the periods presented:

17

CEC ENTERTAINMENT, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

(Unaudited)

CEC Entertainment, Inc.
Condensed Consolidating Balance Sheet
As of March 29, 2015
(in thousands)
	Successor
	Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Current assets:
Cash and cash equivalents	$	132,930		$	10,280		$	8,414		$	—		$	151,624
Accounts receivable	12,010			1,718			4,002			(3,222		)	14,508
Inventories	13,342			5,864			332			—			19,538
Other current assets	17,357			3,358			1,638			—			22,353
Total current assets	175,639			21,220			14,386			(3,222		)	208,023
Property and equipment, net	624,306			33,619			9,972			—			667,897
Goodwill	432,462			51,521			—			—			483,983
Intangible assets, net	23,988			467,223			—			—			491,211
Intercompany	129,525			23,662			—			(153,187		)	—
Investment in subsidiaries	420,089			—			—			(420,089		)	—
Other noncurrent assets	26,755			6,162			46			—			32,963
Total assets	$	1,832,764		$	603,407		$	24,404		$	(576,498	)	$	1,884,077
Current liabilities:
Bank indebtedness and other long-term debt, current portion	$	9,500		$	45		$	—		$	—		$	9,545
Capital lease obligations, current portion	402			—			3			—			405
Accounts payable and accrued expenses	94,962			25,672			4,378			—			125,012
Other current liabilities	2,989			—			—			—			2,989
Total current liabilities	107,853			25,717			4,381			—			137,951
Capital lease obligations, less current portion	15,297			—			74			—			15,371
Bank indebtedness and other long-term debt, less current portion	996,608			57			—			—			996,665
Deferred tax liability	193,540			15,727			656			—			209,923
Intercompany	3,845			129,945			22,619			(156,409		)	—
Other noncurrent liabilities	209,540			8,357			189			—			218,086
Total liabilities	1,526,683			179,803			27,919			(156,409		)	1,577,996
Stockholders' equity:
Common stock	—			—			—			—			—
Capital in excess of par value	355,982			466,114			3,241			(469,355		)	355,982
Retained earnings (deficit)	(47,346		)	(42,510		)	(4,201		)	46,711			(47,346		)
Accumulated other comprehensive income (loss)	(2,555		)	—			(2,555		)	2,555			(2,555		)
Total stockholders' equity	306,081			423,604			(3,515		)	(420,089		)	306,081
Total liabilities and stockholders' equity	$	1,832,764		$	603,407		$	24,404		$	(576,498	)	$	1,884,077

18

CEC ENTERTAINMENT, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

(Unaudited)

CEC Entertainment, Inc.
Condensed Consolidating Balance Sheet
As of December 28, 2014
(in thousands)
	Successor
	Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Current assets:
Cash and cash equivalents	$	97,020		$	6,427		$	7,547		$	—		$	110,994
Accounts receivable	13,209			5,487			3,797			(3,658		)	18,835
Inventories	15,008			3,596			375			—			18,979
Other current assets	19,086			3,711			2,040			—			24,837
Total current assets	144,323			19,221			13,759			(3,658		)	173,645
Property and equipment, net	638,239			33,064			10,669			—			681,972
Goodwill	432,462			50,982			—			—			483,444
Intangible assets, net	24,649			466,751			—			—			491,400
Intercompany	129,429			25,090			32,655			(187,174		)	—
Investment in subsidiaries	428,836			—			—			(428,836		)	—
Other noncurrent assets	27,770			5,875			37			—			33,682
Total assets	$	1,825,708		$	600,983		$	57,120		$	(619,668	)	$	1,864,143
Current liabilities:
Bank indebtedness and other long-term debt, current portion	$	9,500		$	45		$	—		$	—		$	9,545
Capital lease obligations, current portion	405			—			3			—			408
Accounts payable and accrued expenses	82,995			21,989			(248		)	(484		)	104,252
Other current liabilities	2,990			—			—			—			2,990
Total current liabilities	95,890			22,034			(245		)	(484		)	117,195
Capital lease obligations, less current portion	15,395			—			81			—			15,476
Bank indebtedness and other long-term debt	998,374			67			—			—			998,441
Deferred tax liability	207,258			14,877			780			—			222,915
Intercompany	6,309			126,497			57,542			(190,348		)	—
Other noncurrent liabilities	209,896			7,472			162			—			217,530
Total liabilities	1,533,122			170,947			58,320			(190,832		)	1,571,557
Stockholders' equity:
Common stock	—			—			—			—			—
Capital in excess of par value	355,587			465,451			3,089			(468,540		)	355,587
Retained earnings (deficit)	(62,088		)	(35,415		)	(3,376		)	38,791			(62,088		)
Accumulated other comprehensive income (loss)	(913		)	—			(913		)	913			(913		)
Total stockholders' equity	292,586			430,036			(1,200		)	(428,836		)	292,586
Total liabilities and stockholders' equity	$	1,825,708		$	600,983		$	57,120		$	(619,668	)	$	1,864,143

19

CEC ENTERTAINMENT, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

(Unaudited)

CEC Entertainment, Inc.
Consolidating Statement of Comprehensive Income (Loss)
For the Three Months Ended March 29, 2015
(in thousands)
	Successor
	Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Revenues:
Food and beverage sales	$	102,387		$	12,316		$	1,834		$	—		$	116,537
Entertainment and merchandise sales	137,510			4,110			3,124			—			144,744
Total company store sales	239,897			16,426			4,958			—			261,281
Franchise fees and royalties	805			3,422			—			—			4,227
International Association assessments and other fees	286			662			8,653			(9,601		)	—
Total revenues	240,988			20,510			13,611			(9,601		)	265,508
Operating Costs and Expenses:
Company store operating costs:
Cost of food and beverage	25,390			3,244			591			—			29,225
Cost of entertainment and merchandise	7,620			753			149			—			8,522
Total cost of food, beverage, entertainment and merchandise	33,010			3,997			740			—			37,747
Labor expenses	61,732			3,930			1,511			—			67,173
Depreciation and amortization	27,619			1,114			508			—			29,241
Rent expense	22,303			1,494			661			—			24,458
Other store operating expenses	31,509			1,830			1,128			(948		)	33,519
Total company store operating costs	176,173			12,365			4,548			(948		)	192,138
Advertising expense	9,141			1,060			9,904			(8,653		)	11,452
General and administrative expenses	4,893			12,180			117			—			17,190
Transaction and severance costs	—			41			—			—			41
Total operating costs and expenses	190,207			25,646			14,569			(9,601		)	220,821
Operating income (loss)	50,781			(5,136		)	(958		)	—			44,687
Equity in earnings (loss) in affiliates	(7,769		)	—			—			7,769			—
Interest expense (income)	16,737			633			129			—			17,499
Income (loss) before income taxes	26,275			(5,769		)	(1,087		)	7,769			27,188
Income tax expense (benefit)	11,533			1,328			(415		)	—			12,446
Net income (loss)	$	14,742		$	(7,097	)	$	(672	)	$	7,769		$	14,742
Components of other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	$	(1,642	)	$	—		$	(1,642	)	$	1,642		$	(1,642	)
Total components of other comprehensive income (loss), net of tax	(1,642		)	—			(1,642		)	1,642			(1,642		)
Comprehensive income (loss)	$	13,100		$	(7,097	)	$	(2,314	)	$	9,411		$	13,100

20

CEC ENTERTAINMENT, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

(Unaudited)

CEC Entertainment, Inc.
Consolidating Statement of Comprehensive Income (Loss)
For the 44 Day Period Ended March 30, 2014
(in thousands)
	Successor
	Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Revenues:
Food and beverage sales	$	60,896		$	55		$	1,326		$	—		$	62,277
Entertainment and merchandise sales	76,538			—			2,075			—			78,613
Total company store sales	137,434			55			3,401			—			140,890
Franchise fees and royalties	335			351			—			—			686
International Association assessments and other fees	294			4,336			7,483			(12,113		)	—
Total revenues	138,063			4,742			10,884			(12,113		)	141,576
Operating Costs and Expenses:
Company store operating costs:
Cost of food and beverage	15,347			(16		)	366			—			15,697
Cost of entertainment and merchandise	4,733			(7		)	124			(20		)	4,830
Total cost of food, beverage, entertainment and merchandise	20,080			(23		)	490			(20		)	20,527
Labor expenses	31,061			—			887			—			31,948
Depreciation and amortization	18,118			—			357			—			18,475
Rent expense	7,456			—			254			—			7,710
Other store operating expenses	20,184			3			537			(4,085		)	16,639
Total company store operating costs	96,899			(20		)	2,525			(4,105		)	95,299
Advertising expense	7,579			(17		)	5,041			(7,466		)	5,137
General and administrative expenses	3,132			4,059			179			(542		)	6,828
Transaction and severance costs	31,679			6,000			—			—			37,679
Total operating costs and expenses	139,289			10,022			7,745			(12,113		)	144,943
Operating income (loss)	(1,226		)	(5,280		)	3,139			—			(3,367		)
Equity in earnings (loss) in affiliates	1,483			—			—			(1,483		)	—
Interest expense (income)	8,614			3,342			87			—			12,043
Income (loss) before income taxes	(8,357		)	(8,622		)	3,052			(1,483		)	(15,410		)
Income tax expense (benefit)	5,515			(7,961		)	908			—			(1,538		)
Net income (loss)	$	(13,872	)	$	(661	)	$	2,144		$	(1,483	)	$	(13,872	)
Components of other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	$	(112	)	$	—		$	(112	)	$	112		$	(112	)
Total components of other comprehensive income (loss), net of tax	(112		)	—			(112		)	112			(112		)
Comprehensive income (loss)	$	(13,984	)	$	(661	)	$	2,032		$	(1,371	)	$	(13,984	)

21

CEC ENTERTAINMENT, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

(Unaudited)

CEC Entertainment, Inc.
Consolidating Statement of Comprehensive Income (Loss)
For the 47 Day Period Ended February 14, 2014
(in thousands)
	Predecessor
	Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Revenues:
Food and beverage sales	$	49,803		$	32		$	1,062		$	—		$	50,897
Entertainment and merchandise sales	61,082			—			1,577			—			62,659
Total company store sales	110,885			32			2,639			—			113,556
Franchise fees and royalties	353			334			—			—			687
International Association assessments and other fees	—			4,558			6,095			(10,653		)	—
Total revenues	111,238			4,924			8,734			(10,653		)	114,243
Operating Costs and Expenses:
Company store operating costs:
Cost of food and beverage	11,924			25			336			—			12,285
Cost of entertainment and merchandise	3,618			—			131			(20		)	3,729
Total cost of food, beverage, entertainment and merchandise	15,542			25			467			(20		)	16,014
Labor expenses	31,107			—			891			—			31,998
Depreciation and amortization	9,430			—			303			—			9,733
Rent expense	11,962			—			403			—			12,365
Other store operating expenses	20,193			(44		)	(82		)	(4,307		)	15,760
Total company store operating costs	88,234			(19		)	1,982			(4,327		)	85,870
Advertising expense	6,144			17			5,853			(6,111		)	5,903
General and administrative expenses	4,124			3,863			191			(215		)	7,963
Transaction and severance costs	1,800			9,834			—			—			11,634
Total operating costs and expenses	100,302			13,695			8,026			(10,653		)	111,370
Operating income (loss)	10,936			(8,771		)	708			—			2,873
Equity in earnings (loss) in affiliates	(4,523		)	—			—			4,523			—
Interest expense (income)	1,822			(771		)	100			—			1,151
Income (loss) before income taxes	4,591			(8,000		)	608			4,523			1,722
Income tax expense (benefit)	3,887			(3,040		)	171			—			1,018
Net income (loss)	$	704		$	(4,960	)	$	437		$	4,523		$	704
Components of other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	$	(541	)	$	—		$	(541	)	$	541		$	(541	)
Total components of other comprehensive income (loss), net of tax	(541		)	—			(541		)	541			(541		)
Comprehensive income (loss)	$	163		$	(4,960	)	$	(104	)	$	5,064		$	163

22

CEC ENTERTAINMENT, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

(Unaudited)

CEC Entertainment, Inc.
Consolidating Statement of Cash Flows
For the Three Months Ended March 29, 2015
(in thousands)
	Successor
	Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Cash flows provided by (used in) operating activities:	$	53,409		$	2,476		$	4,663		$	—		$	60,548
Cash flows from investing activities:
Acquisition of Peter Piper Pizza	(663		)	—			—			—			(663		)
Intercompany note	(96		)	2,500			—			(2,404		)	—
Purchases of property and equipment	(14,451		)	(1,023		)	(635		)	—			(16,109		)
Proceeds from sale of property and equipment	97			—			—			—			97
Development of internal use software	—			(185		)	—			—			(185		)
Cash flows provided by (used in) investing activities	(15,113		)	1,292			(635		)	(2,404		)	(16,860		)
Cash flows from financing activities:
Repayments on senior term loan	(1,900		)	—			—			—			(1,900		)
Repayments on note payable	—			(11		)	—			—			(11		)
Intercompany note	—			96			(2,500		)	2,404			—
Payments on capital lease obligations	(100		)	—			—			—			(100		)
Payments on sale leaseback transactions	(386		)	—			—			—			(386		)
Cash flows provided by (used in) financing activities	(2,386		)	85			(2,500		)	2,404			(2,397		)
Effect of foreign exchange rate changes on cash	—			—			(661		)	—			(661		)
Change in cash and cash equivalents	35,910			3,853			867			—			40,630
Cash and cash equivalents at beginning of period	97,020			6,427			7,547			—			110,994
Cash and cash equivalents at end of period	$	132,930		$	10,280		$	8,414		$	—		$	151,624

23

CEC ENTERTAINMENT, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

(Unaudited)

CEC Entertainment, Inc.
Consolidating Statement of Cash Flows
For the 44 Day Period Ended March 30, 2014
(in thousands)
	Successor
	Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Cash flows provided by (used in) operating activities:	$	17,463		$	723		$	(202	)	$	—		$	17,984
Cash flows from investing activities:
Acquisition of Predecessor	(946,898		)	—			—			—			(946,898		)
Intercompany note	—			348,969			—			(348,969		)	—
Purchases of property and equipment	(4,683		)	(1,762		)	(56		)	—			(6,501		)
Proceeds from sale of property and equipment	—			98			—			—			98
Cash flows provided by (used in) investing activities	(951,581		)	347,305			(56		)	(348,969		)	(953,301		)
Cash flows from financing activities:
Proceeds from secured credit facilities, net of original issue discount	756,200			—			—			—			756,200
Proceeds from senior notes	255,000			—			—			—			255,000
Repayment of Predecessor Facility	—			(348,000		)	—			—			(348,000		)
Intercompany note	(346,628		)	384			(2,725		)	348,969			—
Payment of debt financing costs	(27,575		)	—			—			—			(27,575		)
Payments on capital lease obligations	(26		)	—			—			—			(26		)
Dividends paid	(890		)	—			—			—			(890		)
Excess tax benefit realized from stock-based compensation	5,043			—			—			—			5,043
Equity contribution	350,000			—			—			—			350,000
Cash flows provided by (used in) financing activities	991,124			(347,616		)	(2,725		)	348,969			989,752
Effect of foreign exchange rate changes on cash	—			—			(59		)	—			(59		)
Change in cash and cash equivalents	57,006			412			(3,042		)	—			54,376
Cash and cash equivalents at beginning of period	6,653			120			12,411			—			19,184
Cash and cash equivalents at end of period	$	63,659		$	532		$	9,369		$	—		$	73,560

24

CEC ENTERTAINMENT, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

(Unaudited)

CEC Entertainment, Inc.
Consolidating Statement of Cash Flows
For the 47 Day Period Ended February 14, 2014
(in thousands)
	Predecessor
	Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Cash flows provided by (used in) operating activities:	$	(12,224	)	$	29,906		$	4,632		$	—		$	22,314
Cash flows from investing activities:
Intercompany note	—			(17,601		)	—			17,601			—
Purchases of property and equipment	(8,538		)	(1,082		)	(90		)	—			(9,710		)
Proceeds from sale of property and equipment	(2		)	53			—			—			51
Cash flows provided by (used in) investing activities	(8,540		)	(18,630		)	(90		)	17,601			(9,659		)
Cash flows from financing activities:
Net proceeds from (repayments on) revolving credit facility	—			(13,500		)	—			—			(13,500		)
Intercompany note	17,571			430			(400		)	(17,601		)	—
Payments on capital lease obligations	(153		)	—			(11		)	—			(164		)
Dividends paid	(38		)	—			—			—			(38		)
Restricted stock returned for payment of taxes	(142		)	—			—			—			(142		)
Cash flows provided by (used in) financing activities	17,238			(13,070		)	(411		)	(17,601		)	(13,844		)
Effect of foreign exchange rate changes on cash	—			—			(313		)	—			(313		)
Change in cash and cash equivalents	(3,526		)	(1,794		)	3,818			—			(1,502		)
Cash and cash equivalents at beginning of period	10,177			1,914			8,595			—			20,686
Cash and cash equivalents at end of period	$	6,651		$	120		$	12,413		$	—		$	19,184

25

ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

As used in this report, the terms “CEC Entertainment,” the “Company,” “we,” “us” and “our” refer to CEC Entertainment, Inc. and its subsidiaries.

Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”) is intended to provide the readers of our Consolidated Financial Statements with a narrative from the perspective of our management on our consolidated financial condition, results of operations, liquidity and certain other factors that may affect our future results. Our MD&A should be read in conjunction with (i) our Consolidated Financial Statements and related notes included in Part I, Item 1. “Financial Statements” of this Periodic Report and (ii) Part II, Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and Part II, Item 8. “Financial Statements and Supplementary Data” in our Annual Report on Form 10-K for the fiscal year ended December 28, 2014, filed with the SEC on March 5, 2015. Our MD&A includes the following sub-sections:

• Executive Summary;

• Overview of Operations;

• Results of Operations;

• Financial Condition, Liquidity and Capital Resources;

• Off-Balance Sheet Arrangements and Contractual Obligations;

• Critical Accounting Policies and Estimates;

• Recently Issued Accounting Guidance;

• Presentation of Non-GAAP Measures; and

• Cautionary Statement Regarding Forward-Looking Statements.

Executive Summary

In the following MD&A, we have presented the results of operations and cash flows separately for the three months ended March 29, 2015 (the “Successor 2015 period”), the 44 day period endedMarch 30, 2014 (the “Successor 2014 period”), and the 47 day period endedFebruary 14, 2014 (the “Predecessor 2014 period”). The Successor and Predecessor periods have been demarcated by a solid black line.

First Quarter2015 Overview:

• Total revenues of $265.5 million in the Successor 2015 period compared to total revenues of $141.6 million in the Successor 2014 period and $114.2 million in the Predecessor 2014 period.

• Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (“Adjusted EBITDA”) was $80.7 million for the three months ended March 29, 2015 compared to $57.2 million for the Successor 2014 period and $25.0 million for the Predecessor 2014 period. For our definition of Adjusted EBITDA and a reconciliation of Net income (loss) to Adjusted EBITDA, see “Presentation of Non-GAAP Measures.”

• Net income of $14.7 million in the Successor 2015 period compared to a net loss of $13.9 million in the Successor 2014 period and net income of $0.7 million in the Predecessor 2014 period.

• Cash provided by operations was $60.5 million for the Successor 2015 period compared to $18.0 million for the Successor 2014 period and $22.3 million for the Predecessor 2014 period. The increase in the Successor 2015 period was primarily driven by transaction and severance costs incurred in 2014 in connection with the Merger.

Overview of Operations

We currently operate and franchise family dining and entertainment centers under the names “Chuck E. Cheese’s” and “Peter Piper Pizza” in 47 states and 11 foreign countries and territories. Our stores provide our guests with a variety of family entertainment and dining alternatives. Our family leisure offerings include video games, skill games, rides, musical and comical shows and other attractions along with tokens, tickets and prizes for kids. Our wholesome family dining offerings are centered on made-to-order pizzas, salads, sandwiches, wings, appetizers, beverages and desserts.

26

The following table summarizes information regarding the number of Company-owned and franchised stores for the periods presented:

	Three Months Ended
	March 29, 2015		March 30, 2014
Number of Company-owned stores:
Beginning of period	559		522
New (1)	2		1
Acquired from franchisee	—		—
Closed (1)	(1	)	(1	)
End of period	560		522
Number of franchised stores:
Beginning of period	172		55
New	3		—
Acquired from franchisee	—		—
Closed	—		—
End of period	175		55
Total number of stores:
Beginning of period	731		577
New	5		1
Acquired from franchisee	—		—
Closed	(1	)	(1	)
End of period	735		577

 __________________

(1) During both the three months ended March 29, 2015 and 2014, the number of new and closed Company owned stores included one store that was relocated.

Comparable store sales. We define “comparable store sales” as the percentage change in sales for our domestic Company-owned stores that have been open for more than 18 months as of the beginning of each respective fiscal year or acquired stores we have operated for at least 12 months. Comparable store sales is a key performance indicator used within our industry and is a critical factor when evaluating our performance, as it is indicative of acceptance of our strategic initiatives and local economic and consumer trends.

Revenues. Our primary source of revenues is sales at our Company-owned stores (“Company store sales”), which consist of the sale of food, beverages, game-play tokens and merchandise. A portion of our Company store sales are from sales of value-priced combination packages generally comprised of food, beverage and game tokens (“Package Deals”), which we promote through in-store menu pricing, our website and coupon offerings. We allocate the revenues recognized from the sale of our Package Deals and coupons between “Food and beverage sales” and “Entertainment and merchandise sales” based upon the price charged for each component when it is sold separately, or in limited circumstances, our best estimate of selling price if a component is not sold on a stand-alone basis, which we believe approximates each component’s fair value.

Food and beverage sales include all revenues recognized with respect to stand-alone food and beverage sales, as well as the portion of revenues allocated from Package Deals and coupons that relate to food and beverage sales. Entertainment and merchandise sales include all revenues recognized with respect to stand-alone game token sales, as well as a portion of revenues allocated from Package Deals and coupons that relate to entertainment and merchandise.

Franchise fees and royalties are another source of revenues. We earn monthly royalties from our franchisees based on a percentage of each franchise store’s sales. We also receive development and initial franchise fees to establish new franchised stores, as well as earn revenues from the sale of equipment and other items or services to franchisees. We recognize development and franchise fees as revenues when the franchise store has opened and we have substantially completed our obligations to the franchisee relating to the opening of a store.

Company store operating costs. Certain of our costs and expenses relate only to the operation of our Company-owned stores. These costs and expenses are listed and described below:

• Cost of food and beverage includes all direct costs of food, beverages and costs of related paper and birthday supplies, less rebates from suppliers;

27

• Cost of entertainment and merchandise includes all direct costs of prizes provided and merchandise sold to our customers, as well as the cost of tickets dispensed to customers;

• Labor expenses consist of salaries and wages, bonuses, related payroll taxes and benefits for store personnel;

• Depreciation and amortization includes expenses that are directly related to our Company-owned stores’ property and equipment, including leasehold improvements, game and ride equipment, furniture, fixtures and other equipment;

• Rent expense includes lease costs for Company-owned stores, excluding common occupancy costs (e.g., common area maintenance (“CAM”) charges and property taxes); and

• Other store operating expenses primarily include utilities, repair and maintenance costs, liability and property insurance, CAM charges, property taxes, credit card processing fees, licenses, preopening expenses, store asset disposal gains and losses and all other costs directly related to the operation of a store.

The “Cost of food and beverage” and “Cost of entertainment and merchandise” mentioned above exclude any allocation of (a) store employee payroll, related payroll taxes and benefit costs; (b) depreciation and amortization expense; (c) rent expense; and (d) other direct store operating expenses associated with the operation of our Company-owned stores. We believe that presenting store-level labor costs, depreciation and amortization expense, rent expense and other store operating expenses in the aggregate provides the most informative financial reporting presentation. Our rationale for excluding such costs is as follows:

• our store employees are trained to sell and attend to both our dining and entertainment operations. We believe it would be difficult and potentially misleading to allocate labor costs between “Food and beverage sales” and “Entertainment and merchandise sales”; and

• while certain assets are individually dedicated to either our food service operations or game activities, we also have significant capital investments in shared depreciating assets, such as leasehold improvements, point-of-sale systems and showroom fixtures. Therefore, we believe it would be difficult and potentially misleading to allocate depreciation and amortization expense or rent expense between “Food and beverage sales” and “Entertainment and merchandise sales.”

“Cost of food and beverage” and “Cost of entertainment and merchandise,” as a percentage of Company store sales, are influenced both by the cost of products and by the overall mix of our Package Deals and coupon offerings. “Entertainment and merchandise sales” have higher margins than “Food and beverage sales.”

Advertising expense. Advertising expense includes production costs for television commercials, newspaper inserts, Internet advertising, coupons, media expenses for national and local advertising and consulting fees, partially offset by contributions from our franchisees.

General and administrative expenses. General and administrative expenses represent all costs associated with operating our corporate office, including regional and district management and corporate personnel payroll and benefits, depreciation and amortization of corporate assets, back-office support systems and other administrative costs not directly related to the operation of our Company-owned stores.

Adjusted EBITDA. We define Adjusted EBITDA as earnings before interest, income taxes, depreciation and amortization adjusted to exclude unusual items and other adjustments required or permitted in calculating covenant compliance under the indenture governing our senior notes and/or our Secured Credit Facilities (see discussion of our senior notes and Secured Credit Facilities under “Financial Condition, Liquidity and Capital Resources - Debt Financing”). Adjusted EBITDA is a measure used by management to evaluate our performance. Adjusted EBITDA provides additional information about certain trends, material non-cash items and unusual items that we do not expect to continue at the same level in the future, as well as other items.

Seasonality and Variation in Quarterly Results

Our operating results fluctuate seasonally due to the timing of school vacations, holidays and changing weather conditions. As a result, we typically generate higher sales volumes during the first quarter of each fiscal year. School operating schedules, holidays and weather conditions may affect sales volumes in some operating regions differently than others. Because of the seasonality of our business, results for any quarter are not necessarily indicative of the results that may be achieved for the full fiscal year.

28

Fiscal year

We operate on a 52 or 53 week fiscal year that ends on the Sunday nearest to December 31. Each quarterly period has 13 weeks, except during a 53 week year when the fourth quarter has 14 weeks. Our 2015 and 2014 fiscal years consist of 53 weeks and 52 weeks, respectively.

Results of Operations

Our results of operations for the three months endedMarch 29, 2015 includes results from the acquired PPP. As PPP was acquired on October 16, 2014, their results are not included in the prior year Successor or Predecessor periods. The following table summarizes our principal sources of Total company store sales expressed in dollars and as a percentage of Total company store sales for the periods presented:

	Three Months Ended				For the 44 Day Period Ended				For the 47 Day Period Ended
	March 29, 2015				March 30, 2014				February 14, 2014
	Successor								Predecessor
	(in thousands, except percentages)
Food and beverage sales	$	116,537	44.6	%	$	62,277	44.2	%	$	50,897	44.8	%
Entertainment and merchandise sales	144,744		55.4	%	78,613		55.8	%	62,659		55.2	%
Total company store sales	$	261,281	100.0	%	$	140,890	100.0	%	$	113,556	100.0	%

29

The following table summarizes our revenues and expenses expressed in dollars and as a percentage of Total revenues (except as otherwise noted) for the periods presented:

	Three Months Ended				For the 44 Day Period Ended					For the 47 Day Period Ended
	March 29, 2015				March 30, 2014					February 14, 2014
	Successor									Predecessor
	(in thousands, except percentages)
Total company store sales	$	261,281	98.4	%	$	140,890		99.5	%	$	113,556	99.4	%
Franchise fees and royalties	4,227		1.6	%	686			0.5	%	687		0.6	%
Total revenues	265,508		100.0	%	141,576			100.0	%	114,243		100.0	%
Company store operating costs:
Cost of food and beverage(1)	29,225		25.1	%	15,697			25.2	%	12,285		24.1	%
Cost of entertainment and merchandise(2)	8,522		5.9	%	4,830			6.1	%	3,729		6.0	%
Total cost of food, beverage, entertainment and merchandise(3)	37,747		14.4	%	20,527			14.6	%	16,014		14.1	%
Labor expenses(3)	67,173		25.7	%	31,948			22.7	%	31,998		28.2	%
Depreciation and amortization(3)	29,241		11.2	%	18,475			13.1	%	9,733		8.6	%
Rent expense(3)	24,458		9.4	%	7,710			5.5	%	12,365		10.9	%
Other store operating expenses(3)	33,519		12.8	%	16,639			11.8	%	15,760		13.9	%
Total company store operating costs(3)	192,138		73.5	%	95,299			67.6	%	85,870		75.6	%
Other costs and expenses:
Advertising expense	11,452		4.3	%	5,137			3.6	%	5,903		5.2	%
General and administrative expenses	17,190		6.5	%	6,828			4.8	%	7,963		7.0	%
Transaction and severance costs	41		—	%	37,679			26.6	%	11,634		10.2	%
Total operating costs and expenses	220,821		83.2	%	144,943			102.4	%	111,370		97.5	%
Operating income (loss)	44,687		16.8	%	(3,367		)	(2.4	)%	2,873		2.5	%
Interest expense	17,499		6.6	%	12,043			8.5	%	1,151		1.0	%
Income (loss) before income taxes	$	27,188	10.2	%	$	(15,410	)	(10.9	)%	$	1,722	1.5	%

 __________________

(1) Percent amount expressed as a percentage of Food and beverage sales.

(2) Percent amount expressed as a percentage of Entertainment and merchandise sales.

(3) Percent amount expressed as a percentage of Total company store sales.

Due to rounding, percentages presented in the table above may not sum to total. The percentage amounts for the components of Cost of food and beverage and the Cost of entertainment and merchandise may not sum to total due to the fact that Cost of food and beverage and Cost of entertainment and merchandise are expressed as a percentage of related Food and beverage and Entertainment and merchandise sales, as opposed to Total company store sales.

Successor 2015 Period Compared to Successor 2014 Period and Predecessor 2014 Period

Revenues

Total company store sales were $261.3 million in the Successor 2015 period, compared to $140.9 million in the Successor 2014 period and $113.6 million in the Predecessor 2014 period. Total company store sales in the Successor 2015 period reflect revenues from Peter Piper branded stores of $16.4 million. Total company store sales in the Successor 2015 period reflect a 5.0%decrease in comparable store sales when compared to the Successor 2014 Period and Predecessor 2014 period. Comparable store sales exclude PPP Company-owned stores as we have operated them for less than 12 months. The PPP Company-owned stores have achieved comparable store sales growth for PPP’s comparable store base of 32 Company-owned stores. Comparable store sales growth for PPP for the three months endedMarch 29, 2015 compared to the three months endedMarch 30, 2014 was 6.8%.

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Company Store Operating Costs

The cost of food, beverage, entertainment and merchandise, as a percentage of Total company store sales, was 14.4% in the Successor 2015 period, 14.6% in the Successor 2014 period and 14.1% in the Predecessor 2014 period. The Successor 2015 period reflects a decrease in cheese prices offset by increases in other commodity costs, as well as the addition of PPP company-owned stores which have a higher cost margin than our existing Chuck E. Cheese’s company-owned stores.

Labor expenses, as a percentage of Total company store sales, were 25.7% in the Successor 2015 period, 22.7% in the Successor 2014 period and 28.2% in the Predecessor 2014 period. The Successor 2015 period reflects an increase in minimum wage rates in certain states over the past year.

Depreciation and amortization was $29.2 million in the Successor 2015 period, $18.5 million in the Successor 2014 period and $9.7 million in the Predecessor 2014 period. The increase in depreciation and amortization in the Successor 2015 period and the Successor 2014 period is primarily due to a higher basis in our property, plant and equipment from the acquisition method of accounting as a result of the Merger.

Rent expense was $24.5 million in the Successor 2015 period, $7.7 million in the Successor 2014 period and $12.4 million in the Predecessor 2014 period. The increase in rent expense in the Successor 2015 period is primarily due to an increase in non-cash rent expense as a result of the acquisition method of accounting and an increase in cash rent from new store development, expansions of existing stores and new stores acquired in the PPP Acquisition.

Advertising Expense

Advertising expense was $11.5 million in the Successor 2015 period, $5.1 million in the Successor 2014 period and $5.9 million in the Predecessor 2014 period. As a percentage of Total revenues, advertising expense was 4.3%, 3.6%, and 5.2%, respectively, in the Successor 2015 period, Successor 2014 period and Predecessor 2014 period. The Successor 2015 period reflects an increase in advertising expenses related to the PPP business.

General and administrative expenses

General and administrative expenses were $17.2 million in the Successor 2015 period, $6.8 million in the Successor 2014 period and $8.0 million in the Predecessor 2014 period. As a percentage of Total Company sales, general and administrative expenses were 6.5%, 4.8%, and 7.0%, respectively in the Successor 2015 period, Successor 2014 period and Predecessor 2014 period. The increase general and administrative expenses in the Successor 2015 period is primarily due to an increase in legal fees related to Merger-related litigation and additional general and administrative expenses related to the PPP business.

Transaction and Severance Costs

Transaction and severance costs were less than $0.1 million in the Successor 2015 period, $37.7 million in the Successor 2014 period and $11.6 million in the Predecessor 2014 period. The Transaction and severance costs in the Successor 2014 period include transaction costs of $31.7 million related to the Merger and employee benefits of $6.0 million related to the departure of our Chairman and Chief Executive Officer as a result of the Merger. The Transaction and severance costs in the Predecessor 2014 period include $11.1 million in accelerated stock-based compensation costs also related to the Merger.

Interest Expense

Interest expense was $17.5 million in the Successor 2015 period, $12.0 million in the Successor 2014 period and $1.2 million in the Predecessor 2014 period. Interest expense for the Successor 2015 and 2014 periods includes amortization of debt issuance costs related to our Secured Credit Facilities and senior notes, amortization of our term loan facility original issue discount, and commitment and other fees related to our Secured Credit Facilities. Interest expense for the Successor 2015 period also includes interest of $2.8 million related to the Sale Leaseback. Our weighted average effective interest rate was 5.5% in the Successor 2015 period and 9.3% in the Successor 2014 period. Excluding the impact of $4.9 million of issuance costs and interest relating to the bridge loan facility, our weighted average effective interest rate would have been 5.4% for the Successor 2014 period.

Income Taxes

Our effective income tax rate was 45.8% in the Successor 2015 period, 10.0% in the Successor 2014 period and 59.1% in the Predecessor 2014 period. Our effective tax rates differ from the statutory tax rate primarily due to the unfavorable impact of non-deductible costs related to the Merger, including costs related to Merger-related litigation.

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Financial Condition, Liquidity and Capital Resources

Overview of Liquidity

We finance our business activities through cash flows provided by our operations. The primary components of working capital are as follows:

• our store customers pay for their purchases in cash or credit cards at the time of the sale and the cash from these sales is typically received before our related accounts payable to suppliers and employee payroll becomes due;

• frequent inventory turnover results in a limited investment required in inventories; and

• our accounts payable are generally due within five to 30 days.

As a result of these factors, our requirement for working capital is not significant and we are able to operate with a net working capital deficit (current liabilities in excess of current assets).

Sources and Uses of Cash

The following tables present summarized consolidated cash flow information that we believe is helpful in evaluating our liquidity and capital resources as of and for the periods presented:

	Successor						Predecessor
	Three months ended			For the 44 Day Period Ended			For the 47 Day Period Ended
	March 29, 2015			March 30, 2014			February 14, 2014
	(in thousands)
Net cash provided by operating activities	$	60,548		$	17,984		$	22,314
Net cash used in investing activities	(16,860		)	(953,301		)	(9,659		)
Net cash provided by (used in) financing activities	(2,397		)	989,752			(13,844		)
Effect of foreign exchange rate changes on cash	(661		)	(59		)	(313		)
Change in cash and cash equivalents	$	40,630		$	54,376		$	(1,502	)
Interest paid	$	21,734		$	5,394		$	938
Income taxes paid (refunded), net	$	183		$	(1,633	)	$	(79	)

	Successor
	March 29, 2015		December 28, 2014
	(in thousands)
Cash and cash equivalents	$	151,624	$	110,994
Term loan facility, net of unamortized original issue discount	$	751,108	$	752,873
Senior notes	$	255,000	$	255,000
Note payable	$	102	$	113
Available unused commitments under revolving credit facility	$	139,100	$	139,100

Our cash and cash equivalents totaled $151.6 million and $111.0 million as of March 29, 2015 and December 28, 2014, respectively. The cash and cash equivalents balance at March 29, 2015 and December 28, 2014 includes some of the remaining proceeds from the Sale Leaseback that were not used to source the PPP Acquisition. Cash and cash equivalents as of March 29, 2015 and December 28, 2014 includes $7.9 million and $7.3 million, respectively, of undistributed income from our Canadian subsidiary that we consider to be permanently invested.

Sources and Uses of Cash - Successor 2015 Period Compared to Successor 2014 Period and Predecessor 2014 period

Net cash provided by operating activities was $60.5 million in the Successor 2015 period, $18.0 million in the Successor 2014 period and $22.3 million in the Predecessor 2014 period. The Successor 2014 period reflects the impact of transaction and severance costs that were expensed in connection with the Merger, as well as an increase in interest expense

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related to the new debt issued in connection with the Merger. The net cash provided by operating activities in the Predecessor 2014 period reflects the impact of transaction costs expensed in connection with the Merger.

Net cash used in investing activities was $16.9 million in the Successor 2015 period, $953.3 million in the Successor 2014 period and $9.7 million in the Predecessor 2014 period. The net cash used in investing activities in the Successor 2014 period relates primarily to consideration paid in connection with the Merger of $946.9 million.

Net cash provided by (used in) financing activities was $(2.4) million in the Successor 2015 period, $989.8 million in the Successor 2014 period and $(13.8) million in the Predecessor 2014 period. The cash provided by financing activities in the Successor 2014 period relates primarily to the proceeds from the issuance of debt of $1,011.2 million and the Apollo equity contribution of $350.0 million in connection with the Merger, partially offset by the repayment of the Predecessor facility of $348.0 million.

Debt Financing

Secured Credit Facilities

Our senior secured credit facilities (“Secured Credit Facilities”) include a $760.0 million term loan facility with a maturity date of February 14, 2021 (the “term loan facility”) and a $150.0 million senior secured revolving credit facility with a maturity date of February 14, 2019, which includes a letter of credit sub-facility and a $30.0 million swingline loan sub-facility (the “revolving credit facility”). The Secured Credit Facilities require scheduled quarterly payments on the term loan equal to 0.25% of the original principal amount of the term loan from July 2014 to December 2020, with the balance paid at maturity. As of both March 29, 2015 and December 28, 2014, we had no borrowings outstanding under the revolving credit facility, and we had $10.9 million of letters of credit issued but undrawn under the facility.

All borrowings under our revolving credit facility are subject to the satisfaction of customary conditions, including the absence of a default and the accuracy of representations and warranties.

On February 14, 2014, we received proceeds on the term loan facility of $756.2 million, net of original issue discount of $3.8 million, which were used to fund a portion of the Acquisition. We paid $17.8 million and $3.4 million in debt issuance costs related to the term loan facility and revolving credit facility, respectively, which we capitalized in “Deferred financing costs, net” on our Consolidated Balance Sheets. The original issue discount and deferred financing costs are amortized over the lives of the facilities and are included in “Interest expense” on our Consolidated Statements of Earnings.

Borrowings under the Secured Credit Facilities bear interest at a rate equal to, at our option, either (a) a London Interbank Offered Rate (“LIBOR”) determined by reference to the costs of funds for Eurodollar deposits for the interest period relevant to such borrowings, adjusted for certain additional costs, subject to a 1.00% floor in the case of term loans or (b) a base rate determined by reference to the highest of (i) the federal funds effective rate plus 0.50%; (ii) the prime rate of Deutsche Bank AG New York Branch; and (iii) the one-month adjusted LIBOR plus 1.00%; in each case plus an applicable margin. The applicable margin for borrowings is 3.00% with respect to LIBOR borrowings and 2.00% with respect to base rate borrowings under the term loan facility and base rate borrowings and swingline borrowings under the revolving credit facility. During the three months endedMarch 29, 2015, the federal funds rate ranged from 0.06% to 0.13%, the prime rate was 3.25% and the one-month LIBOR ranged from 0.17% to 0.18%.

In addition to paying interest on outstanding principal under the Secured Credit Facilities, we are required to pay a commitment fee equal to 0.375% per annum to the lenders under the revolving credit facility in respect of the unutilized commitments thereunder. We are also required to pay customary agency fees, as well as letter of credit participation fees computed at a rate per annum equal to the applicable margin for LIBOR rate borrowings on the dollar equivalent of the daily stated amount of outstanding letters of credit, plus such letter of credit issuer’s customary documentary and processing fees and charges and a fronting fee computed at a rate equal to 0.125% per annum on the daily stated amount of each letter of credit.

The weighted average effective interest rate incurred on our borrowings under our Secured Credit Facilities was 4.6% for the three months endedMarch 29, 2015 and 4.7% for the 44 day period endedMarch 30, 2014, which includes amortization of debt issuance costs related to our Secured Credit Facilities, amortization of our term loan facility original issue discount and commitment and other fees related to our Secured Credit Facilities.

Our revolving credit facility includes a springing financial maintenance covenant that requires our net first lien senior secured leverage ratio not to exceed 6.25 to 1.00 (the ratio of consolidated net debt secured by first-priority liens on the collateral to last twelve month’s EBITDA, as defined in the Senior Credit Facilities). The covenant will be tested quarterly when the revolving credit facility is more than 30% drawn (excluding outstanding letters of credit) and will be a condition to drawings under the revolving credit facility that would result in more than 30% drawn thereunder. As of March 29, 2015, the borrowings under the revolving credit facility were less than 30% of the outstanding commitments; therefore, the springing financial maintenance covenant under our revolving credit facility was not in effect.

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The Secured Credit Facilities also contain customary affirmative covenants and events of default, and the negative covenants limit our ability to, among other things: incur additional debt or issue certain preferred shares; create liens on certain assets; make certain loans or investments (including acquisitions); pay dividends on or make distributions in respect of our capital stock or make other restricted payments; consolidate, merge, sell or otherwise dispose of all or substantially all of our assets; sell assets; enter into certain transactions with our affiliates; enter into sale-leaseback transactions; change our lines of business; restrict dividends from our subsidiaries or restrict liens; change our fiscal year; and modify the terms of certain debt or organizational agreements.

All obligations under the Secured Credit Facilities are unconditionally guaranteed by Parent on a limited-recourse basis and each of our existing and future direct and indirect material, wholly-owned domestic subsidiaries, subject to certain exceptions. The obligations are secured by a pledge of our capital stock and substantially all of our assets and those of each subsidiary guarantor, including capital stock of the subsidiary guarantors and 65% of the capital stock of the first-tier foreign subsidiaries that are not subsidiary guarantors, in each case subject to exceptions. Such security interests will consist of a first priority lien with respect to the collateral.

Senior Unsecured Debt

Our Senior Unsecured debt consists of $255.0 million aggregate principal amount borrowings of 8.000% Senior Notes due 2022 (the “senior notes”) bearing interest at a rate of 8.000% per year and mature on February 15, 2022. The senior notes are registered under the Securities Act, they do not bear legends restricting their transfer and they are not entitled to registration rights under our registration rights agreement. On or after February 15, 2017, we may redeem some or all of the senior notes at certain redemption prices set forth in the indenture governing the senior notes (the “indenture”). Prior to February 15, 2017, we may redeem (i) up to 40% of the original aggregate principal amount of the senior notes with the net cash proceeds of one or more equity offerings at a price equal to 108% of the principal amount thereof, plus accrued and unpaid interest, or (ii) some or all of the notes at a price equal to 100% of the principal amount thereof, plus accrued and unpaid interest, plus the applicable “make-whole” premium set forth in the indenture.

We paid $6.4 million in debt issuance costs related to the senior notes, which we capitalized in “Deferred financing costs, net” on our Consolidated Balance Sheets. The deferred financing costs are amortized over the life of the senior notes and are included in “Interest expense” on our Consolidated Statements of Earnings.

Our obligations under the senior notes are fully and unconditionally guaranteed, jointly and severally, by our present and future direct and indirect wholly-owned material domestic subsidiaries that guarantee our Secured Credit Facilities.

The indenture contains restrictive covenants that limit our ability to, among other things: incur additional debt or issue certain preferred shares; create liens on certain assets; make certain loans or investments (including acquisitions); pay dividends on or make distributions in respect of our capital stock or make other restricted payments; consolidate, merge, sell or otherwise dispose of all or substantially all of our assets; sell assets; enter into certain transactions with our affiliates; and restrict dividends from our subsidiaries.

Capital Expenditures

We intend to continue to focus our future capital expenditures on reinvestment into our existing Company-owned Chuck E. Cheese’s and PPP stores through various planned capital initiatives and the development or acquisition of additional Company-owned stores. During the first quarter of 2015, we completed 43 game enhancements, one major remodel and one store expansion, and we opened two new domestic Company-owned Chuck E. Cheese’s stores, including one relocated store. We have funded and continue to fund our capital expenditures through existing cash flows from operations. Capital expenditures in the first quarter of 2015 totaled approximately $16.3 million.

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The following table reconciles the approximate total capital spend by initiative to our Consolidated Statements of Cash Flows for the periods presented:

	Successor				Predecessor
	Three months ended		For the 44 Day Period Ended		For the 47 Day Period Ended
	March 29, 2015		March 30, 2014		February 14, 2014
	(in thousands)
Growth capital spend (1)	$	7,590	$	2,011	$	5,102
Maintenance capital spend (2)	8,461		4,490		4,608
IT capital spend	230		—		—
Total Capital Spend	$	16,281	$	6,501	$	9,710

__________________

(1)    Growth capital spend includes major remodels, store expansions, major attractions and new store development, including relocations and franchise

acquisitions.

(2)    Maintenance capital spend includes game enhancements, general store capital expenditures and corporate capital expenditures.

We currently estimate our capital expenditures in 2015 will total $95 million to $105 million. These capital expenditures consist of the following: (i) approximately $30 million for maintenance capital which includes game enhancements and general store maintenance capital expenditures; (ii) approximately $18 million for investments in one-time information technology initiatives, which include adding Wi-Fi to all of our stores, enhancing our birthday reservation system, and introducing new labor and inventory management systems; and (iii) approximately $47 million to $57 million for various growth initiatives. We currently expect to open an additional four to 9 new Company-owned Chuck E. Cheese’s and PPP stores, relocate one Company-owned store and expand two Company-owned stores in the remainder of 2015. In addition to store openings, relocations and expansions, we expect to increase the number of stores undergoing major remodels and receiving major attractions. We are increasing the number of store remodel projects as part of an effort to re-launch Chuck E. Cheese’s to an entire regional market. We expect to fund our capital expenditures through cash flows from operations and cash on the balance sheet.

Off-Balance Sheet Arrangements and Contractual Obligations

As of March 29, 2015, we had no off-balance sheet financing arrangements as described in Regulation S-K Item 303(a)(4)(ii).

For information regarding our contractual obligations, refer to “Off Balance Sheet Arrangements and Contractual Obligations” in Part II, Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the fiscal year ended December 28, 2014, filed with the SEC on March 5, 2015.

See further discussion of our indebtedness and future debt obligations in “Financial Condition, Liquidity and Capital Resources - Debt Financing” of this report. There have been no other material changes to our contractual obligations since December 28, 2014.

Critical Accounting Policies and Estimates

Information with respect to our critical accounting policies and estimates, which we believe could have the most significant effect on our reported consolidated results and require difficult, subjective or complex judgment by management are described under “Critical Accounting Policies and Estimates” in Part II, Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the fiscal year ended December 28, 2014, filed with the SEC on March 5, 2015. As of March 29, 2015, there has been no material change to the information concerning our critical accounting policies and estimates.

Recently Issued Accounting Guidance

Refer to Note 1 “Description of Business and Summary of Significant Accounting Policies” to our Consolidated Financial Statements included in Part I, Item 1. “Financial Statements” of this Periodic Report for a description of recently issued accounting guidance.

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Non-GAAP Financial Measures

Adjusted EBITDA, a measure used by management to assess operating performance, is defined as Earnings Before Interest, Taxes, Depreciation and Amortization adjusted to exclude unusual items and other adjustments required or permitted in calculating covenant compliance under the indenture and/or the Secured Credit Facilities.

We have provided Adjusted EBITDA in this report because we believe it provides investors with additional information to measure our performance. We believe that the presentation of Adjusted EBITDA is appropriate to provide additional information to investors about certain material non-cash items and about unusual items that we do not expect to continue at the same level in the future, as well as other items. Further, we believe Adjusted EBITDA provides a meaningful measure of operating profitability because we use it for evaluating our business performance and understanding certain significant items.

Adjusted EBITDA is not a presentation made in accordance with GAAP, and our use of the term Adjusted EBITDA varies from others in our industry. Adjusted EBITDA should not be considered as an alternative to operating income or any other performance measures derived in accordance with GAAP as measures of operating performance, or cash flows as measures of liquidity. Adjusted EBITDA has important limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of our results as reported under GAAP. For example, Adjusted EBITDA:

• excludes certain tax payments that may represent a reduction in cash available to us;

• does not reflect any cash capital expenditure requirements for the assets being depreciated and amortized that may have to be replaced in the future;

• does not reflect changes in, or cash requirements for, our working capital needs;

• does not reflect the significant interest expense, or the cash requirements necessary to service interest or principal payments, on our indebtedness.

• does not include one-time expenditures;

• excludes the impairment of Company-owned stores or impairments of long-lived assets and gains or losses upon disposal of property or equipment;

• excludes non-cash equity based compensation expense;

• reflects the removal of the non-cash portion of rent expense relating to the impact of straight-line rent and the amortization of cash incentives and allowances received from landlords, plus the actual cash received from landlords incentives and allowances in the period;

• reflects franchise fees received on a cash basis post-acquisition;

• excludes the purchase accounting impact to unearned revenue at the time of the acquisition;

• excludes start-up and marketing costs incurred prior to the opening of new Company-owned stores;

• excludes non-recurring income and expenses primarily related to (i) non-recurring franchise fee income; (ii) severance costs; (iii) employee and other legal claims and settlements; (iv) sales and use tax refunds; (v) miscellaneous professional fees; and (vi) certain insurance recoveries relating to prior year expense;

• includes estimated cost savings, including some adjustments not permitted under Article 11 of Regulation S-X; and

• does not reflect the impact of earnings or charges resulting from matters that we, the initial purchasers of the senior notes, the current holders of the senior notes or the lenders under the Secured Credit Facilities may consider not to be indicative of our ongoing operations.

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Our definition of Adjusted EBITDA allows us to add back certain non-cash and non-recurring charges or costs that are deducted in calculating Net income. However, these are expenses that may recur, vary greatly and are difficult to predict. They can represent the effect of long-term strategies as opposed to short-term results. In addition, certain of these expenses can represent the reduction of cash that could be used for other corporate purposes. Because of these limitations, we rely primarily on our GAAP results and use Adjusted EBITDA only as supplemental information.

	Successor						Predecessor
	Three months ended			For the 44 Day Period Ended			For the 47 Day Period Ended
	March 29, 2015			March 30, 2014			February 14, 2014
	(in thousands)
Total revenues	$	265,508		$	141,576		$	114,243
Net income (loss) as reported	$	14,742		$	(13,872	)	$	704
Interest expense	17,499			12,043			1,151
Income tax expense (benefit)	12,446			(1,538		)	1,018
Depreciation and amortization	30,398			18,672			9,883
Non-cash impairments, gain or loss on disposal (1)	1,244			974			294
Non-cash stock-based compensation (2)	391			—			12,639
Rent expense book to cash (3)	2,211			2,440			(1,190		)
Franchise revenue, net cash received (4)	(65		)	—			—
Impact of purchase accounting (5)	232			194			—
Store pre-opening costs (6)	244			129			131
One-time items (7)	1,351			37,873			(165		)
Cost savings initiatives (8)	—			308			502
Adjusted EBITDA	$	80,693		$	57,223		$	24,967
Adjusted EBITDA as a percent of total revenues	30.4		%	40.4		%	21.9		%

__________________

(1) Relates primarily to (i) the impairment of Company-owned stores or impairments of long lived assets and (ii) gains or losses upon disposal of property or equipment.

(2) Represents non-cash equity-based compensation expense.

(3) Represents (i) the removal of the non-cash portion of rent expense relating to the impact of straight-line rent and the amortization of cash incentives and allowances received from landlords, plus (ii) the actual cash received from landlords incentives and allowances in the period in which it was received.

(4) Represents the actual cash received for franchise fees received in the period for post-acquisition franchise development agreements, which are not recorded as revenue until the franchise store is opened.

(5) Represents revenue related to unearned gift cards and unearned franchise fees that were removed in purchase accounting, and therefore were not recorded as revenue.

(6) Relates to start-up and marketing costs incurred prior to the opening of new Company-owned stores and generally consists of payroll, recruiting, training, supplies and rent incurred prior to store opening.

(7) Represents non-recurring income and expenses primarily related to (i) transaction costs associated with the Merger; (ii) severance expense and executive termination benefits; (iii) employee and other legal claims and settlements; (iv) sales and use tax refunds; (v) miscellaneous professional fees and (vi) certain insurance recoveries relating to prior year expense.

(8) Relates to estimated net cost savings primarily from (i) the change from public to private ownership upon the closing of the Acquisition and elimination of public equity securities, with reductions in investor relations activities, directors fees and certain legal and other securities and filing costs; (ii) the full-year effect of cost savings initiatives implemented by the Company in 2013; (iii) the estimated effect of cost savings following the Acquisition from participation in Sponsor-leveraged purchasing programs including various supplies, travel and communications purchasing categories; (iv) the net impact of labor savings associated with changes in management; and net of (v) the estimated incremental costs associated with our new IT systems and post-closing insurance arrangements.

Cautionary Statement Regarding Forward-Looking Statements

Certain statements in this report, other than historical information, may be considered “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, and are subject to various risks, uncertainties and assumptions. Statements that are not historical in nature, and which may be identified by the use of words such as “may,” “should,” “could,” “believe,” “predict,” “potential,” “continue,” “plan,” “intend,” “expect,” “anticipate,” “future,” “project,” “estimate” and similar expressions (or the negative of such expressions) are forward-looking statements. Forward-looking statements are made based on management’s current expectations and beliefs concerning future events and, therefore, involve a number of assumptions, risks and uncertainties, including the risk factors described in Part I, Item 1A. “Risk Factors” of our Annual Report on Form 10-K for the fiscal year ended December 28, 2014, filed with the SEC on March 5, 2015. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ from those anticipated, estimated or expected. Factors that could cause actual results to differ materially from those contemplated by forward-looking statements include, but are not limited to:

• The success of our capital initiatives, including new store development and existing store evolution;

• Our ability to successfully implement our marketing strategy;

• Competition in both the restaurant and entertainment industries;

• Changes in consumer discretionary spending;

• Impacts on our business and financial results from economic uncertainty in the United States and Canada;

• Negative publicity concerning food quality, health, general safety and other issues;

• Expansion in international markets;

• Our ability to successfully integrate the operations of companies we acquired;

• Our ability to generate sufficient cash flow to meet our debt service payments;

• Increases in food, labor and other operating costs;

• Disruptions of our information technology systems and technologies;

• Changes in consumers’ health, nutrition and dietary preferences;

• Any disruption of our commodity distribution system;

• Our dependence on a limited number of suppliers for our games, rides, entertainment-related equipment, redemption prizes and merchandise;

• Product liability claims and product recalls;

• Government regulations;

• Litigation risks;

• Adverse effects of local conditions, natural disasters and other events;

• Existence or occurrence of certain public health issues;

• Fluctuations in our quarterly results of operations due to seasonality;

• Inadequate insurance coverage;

• Loss of certain key personnel;

• Our ability to adequately protect our trademarks or other proprietary rights;

• Risks in connection with owning and leasing real estate; and

• Litigation risks associated with our merger.

The forward-looking statements made in this report relate only to events as of the date on which the statements are made in this report. Except as may be required by law, we undertake no obligation to update our forward-looking statements to reflect events and circumstances after the date on which the statements are made in this report or to reflect the occurrence of unanticipated events.

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ITEM 3. Quantitative and Qualitative Disclosures About Market Risk.

We are exposed to various types of market risk in the normal course of business, including the impact of interest rates, commodity price changes and foreign currency fluctuation.

Interest Rate Risk

We are exposed to market risk from changes in the variable interest rates related to borrowings from our Secured Credit Facilities. All of our borrowings outstanding under the Secured Credit Facilities as of March 29, 2015 of $754.3 million accrue interest at variable rates. Assuming the revolving credit facility remains undrawn, each 1% change in assumed interest rates, excluding the impact of our 1% interest rate floor, would result in a $7.5 million change in annual interest expense on indebtedness under the Secured Credit Facilities.

Commodity Price Risk

We are exposed to commodity price changes related to certain food products that we purchase, primarily related to the prices of cheese and dough, which can vary throughout the year due to changes in supply, demand and other factors. We have not entered into any hedging arrangements to reduce our exposure to commodity price volatility associated with such commodity prices; however, we typically enter into short-term purchasing contracts, which may contain pricing arrangements designed to minimize the impact of commodity price fluctuations, and derivative instruments such as futures contracts to mitigate our exposure to commodity price fluctuations. For the three months endedMarch 29, 2015, the 44 day period endedMarch 30, 2014 and the 47 day period endedFebruary 14, 2014 the average cost of a block of cheese was $1.66, $2.47 and $2.43, respectively. The estimated increase in our food costs from a hypothetical 10% increase in the average cost of a block of cheese would have been $0.4 million, $0.2 million and $0.3 million for the three months endedMarch 29, 2015, the 44 day period endedMarch 30, 2014 and the 47 day period endedFebruary 14, 2014, respectively. For the three months endedMarch 29, 2015, the 44 day period endedMarch 30, 2014 and the 47 day period endedFebruary 14, 2014 the average cost of dough per pound was $0.49, $0.50 and $0.50, respectively. The estimated increase in our food costs from a hypothetical 10% increase in the average cost of dough per pound would have been $0.2 million, $0.1 million and $0.1 million for the three months endedMarch 29, 2015, the 44 day period endedMarch 30, 2014 and the 47 day period endedFebruary 14, 2014, respectively.

Foreign Currency Risk

We are exposed to foreign currency fluctuation risk associated with changes in the value of the Canadian dollar relative to the United States dollar as we operate a total of 14 Company-owned stores in Canada. For the three months endedMarch 29, 2015 our Canadian stores generated $0.3 million of operating income compared to our consolidated operating income of $44.7 million.

Changes in the currency exchange rate result in cumulative translation adjustments and are included in “Accumulated other comprehensive income (loss)” on our Consolidated Balance Sheets and potentially result in transaction gains or losses, which are included in our earnings. The low and high currency exchange rates for a Canadian dollar into a United States dollar for the three months endedMarch 29, 2015 were $0.782 and $0.862, respectively. A hypothetical 10% devaluation in the average quoted U.S. dollar-equivalent of the Canadian dollar exchange rate during the three months endedMarch 29, 2015 would have decreased our reported consolidated operating results by less than $0.1 million.

ITEM 4. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

We performed an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, as of the end of the period covered by this report. Based on that evaluation, our management, including our Chief Executive Officer and Chief Financial Officer, has concluded that our disclosure controls and procedures were effective as of March 29, 2015 to ensure that information required to be disclosed by us in the reports we file or submit under the Securities Exchange Act of 1934, as amended, was (a) recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms; and (b) accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosure.

Changes in Internal Control over Financial Reporting

During the quarterly period covered by this report there has been no change in our internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

38

PART II – OTHER INFORMATION

ITEM 1. Legal Proceedings.

Refer to Note 7 “Commitments and Contingencies” to our Consolidated Financial Statements included in Part I, Item 1. “Financial Statements” of this Periodic Report for a discussion of our legal proceedings.

ITEM 1A. Risk Factors.

We believe there have been no material changes in our risk factors from those disclosed in Part I, Item 1A. “Risk Factors” in our Annual Report on Form 10-K for the year ended December 28, 2014, filed with the SEC on March 5, 2015.

ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds.

NONE.

39

ITEM 6. Exhibits.

EXHIBIT INDEX

Exhibit Number	Description
31.1*	Certification of Chief Executive Officer pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2*	Certification of Chief Financial Officer pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1**	Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2**	Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS†	XBRL Instance Document
101.SCH†	XBRL Taxonomy Extension Schema Document
101.CAL†	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF†	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB†	XBRL Taxonomy Extension Label Linkbase Document
101.PRE†	XBRL Taxonomy Extension Presentation Linkbase Document

 __________________

*Filed herewith.

**    Furnished herewith.

† Pursuant to Item 406T of Regulation S-T, these interactive data files are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933 or Section 18 of the Securities Exchange Act of 1934 and otherwise are not subject to liability.

40

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		CEC ENTERTAINMENT, INC.
May 11, 2015	By:	/s/ Temple H. Weiss
		Temple H. Weiss
		Executive Vice President, Chief Financial Officer
		(Principal Financial Officer)
May 11, 2015		/s/ Laurie E. Priest
		Laurie E. Priest
		Vice President, Controller
		(Principal Accounting Officer)

41

EXHIBIT INDEX

Exhibit Number	Description
31.1*	Certification of Chief Executive Officer pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2*	Certification of Chief Financial Officer pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1**	Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2**	Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS†	XBRL Instance Document
101.SCH†	XBRL Taxonomy Extension Schema Document
101.CAL†	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF†	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB†	XBRL Taxonomy Extension Label Linkbase Document
101.PRE†	XBRL Taxonomy Extension Presentation Linkbase Document

__________________

*Filed herewith.

**    Furnished herewith.

† Pursuant to Item 406T of Regulation S-T, these interactive data files are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933 or Section 18 of the Securities Exchange Act of 1934 and otherwise are not subject to liability.

EX-31.1

EXHIBIT 31.1

CERTIFICATION PURSUANT TO RULE 13a – 14(a)/15d-14(a)

OF THE SECURITIES EXCHANGE ACT OF 1934, AS ADOPTED PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

(Chief Executive Officer)

I, Thomas Leverton, certify that:

1. I have reviewed this quarterly report on Form 10-Q for the fiscal quarter ended March 29, 2015 of CEC Entertainment, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

May 11, 2015	/s/ Thomas Leverton
	Thomas Leverton
	Chief Executive Officer and Director

EX-31.2

EXHIBIT 31.2

CERTIFICATION PURSUANT TO RULE 13a – 14(a)/15d-14(a)

OF THE SECURITIES EXCHANGE ACT OF 1934, AS ADOPTED PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

(Chief Financial Officer)

I, Temple H. Weiss, certify that:

1. I have reviewed this quarterly report on Form 10-Q for the fiscal quarter ended March 29, 2015 of CEC Entertainment, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

May 11, 2015	/s/ Temple H. Weiss
	Temple H. Weiss
	Executive Vice President, Chief Financial Officer

EX-32.1

EXHIBIT 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

(Chief Executive Officer)

In connection with the Quarterly Report of CEC Entertainment, Inc. (the “Company”) on Form 10-Q for the fiscal quarter ended March 29, 2015 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), the undersigned certifies, that to the best of my knowledge and belief:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

May 11, 2015	/s/ Thomas Leverton
	Thomas Leverton
	Chief Executive Officer and Director

EX-32.2

EXHIBIT 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

(Chief Financial Officer)

In connection with the Quarterly Report of CEC Entertainment, Inc. (the “Company”) on Form 10-Q for the fiscal quarter ended March 29, 2015 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), the undersigned certifies, that to the best of my knowledge and belief:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

May 11, 2015	/s/ Temple H. Weiss
	Temple H. Weiss
	Executive Vice President, Chief Financial Officer

XML

Goodwill and Intangible Assets - Narrative (Details) (USD $)	1 Months Ended	2 Months Ended	3 Months Ended		9 Months Ended	7 Months Ended
	Mar. 30, 2014	Feb. 14, 2014	Mar. 29, 2015	Sep. 29, 2013	Sep. 29, 2013	Sep. 28, 2014
Favorable Lease Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 200,000	$ 0	$ 500,000	$ 0	$ 0
Franchise Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	100,000	0		0	0	500,000
Successor [Member]
Finite-Lived Intangible Assets [Line Items]
Unfavorable lease amortization period			10 years
Successor [Member] | Franchise Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	500,000
CEC Entertainment, Inc. [Member] | Successor [Member]
Finite-Lived Intangible Assets [Line Items]
Off-market Lease, Unfavorable			10,200,000
Peter Piper Pizza [Member] | Successor [Member]
Finite-Lived Intangible Assets [Line Items]
Off-market Lease, Unfavorable			3,900,000
Peter Piper Pizza [Member] | Successor [Member] | Favorable Lease Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Purchase Accounting Adjustments			(1,120,000)
Peter Piper Pizza [Member] | Additional PPP Goodwill recognized in Q1 2015 [Member] | Successor [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill, Translation and Purchase Accounting Adjustments			539,000
Trade Names [Member] | Peter Piper Pizza [Member] | Successor [Member]
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived Intangible Assets, Purchase Accounting Adjustments			$ 1,900,000

XML

Condensed Consolidating Schedules - P&L (Details) (USD $) In Thousands, unless otherwise specified	2 Months Ended	3 Months Ended		1 Months Ended	3 Months Ended	10 Months Ended	9 Months Ended
	Feb. 14, 2014	Mar. 29, 2015	Jun. 29, 2014	Mar. 30, 2014	Sep. 28, 2014	Dec. 28, 2014	Sep. 29, 2013	Dec. 29, 2013
REVENUES:
International Association assessments and other fees	$ 0	$ 0
Other costs and expenses:
Interest expense (income)			0
Successor [Member]
Condensed Financial Statements, Captions [Line Items]
Repayments of Senior Debt	0	1,900
Net Cash Provided by (Used in) Operating Activities		60,548		17,984
Payments to Acquire Predecessor, Gross		0		(946,898)		(946,898)
Intercompany Note, Investing		0		0
Property, Plant and Equipment, Disposals				98
Net Cash Provided by (Used in) Investing Activities		(16,860)		(953,301)
Proceeds from secured credit facilities, net of original issue discount	756,200	0		756,200
Proceeds from senior notes	255,000	0		255,000
Repayment of Predecessor Facility	(348,000)	0
Net repayments on revolving credit facility	0	0
Intercompany Note, Financing		0		0
Repayments of Long-term Capital Lease Obligations	(26)	(100)		(26)
Payments of Dividends	(890)	0
Excess tax benefit realized from stock-based compensation	5,043	0		5,043
Payments for Repurchase of Other Equity	0	0
Net Cash Provided by (Used in) Financing Activities		(2,397)		989,752
Effect of foreign exchange rate changes on cash		(661)		(59)
Change in cash and cash equivalents		40,630		54,376
REVENUES:
Food and beverage sales		116,537	0	62,277	0
Entertainment and merchandise sales		144,744	0	78,613	0
Total company store sales		261,281	0	140,890	0
Franchise fees and royalties		4,227	0	686	0
International Association assessments and other fees			0	0	0
Total revenues		265,508	0	141,576	0
Company store operating costs:
Cost of food and beverage (exclusive of items shown separately below)		29,225	0	15,697	0
Cost of entertainment and merchandise (exclusive of items shown separately below)		8,522	0	4,830	0
Total cost of food, beverage, entertainment and merchandise		37,747	0	20,527	0
Labor expenses		67,173	0	31,948	0
Depreciation and amortization		29,241	0	18,475	0
Rent expense		24,458	0	7,710	0
Other store operating expenses		33,519	0	16,639	0
Total company store operating costs		192,138	0	95,299	0
Other costs and expenses:
Advertising expense		11,452	0	5,137	0
General and administrative expenses		17,190	0	6,828	0
Asset impairment charge			0
Transaction and severance costs		41		37,679	0
Total operating costs and expenses		220,821	0	144,943	0
Operating income (loss)		44,687	0	(3,367)	0
Equity in earnings (loss) in affiliates		0	0	0	0
Interest expense (income)		17,499		12,043	0
Income (loss) before income taxes		27,188	0		0
Income tax expense (benefit)		12,446	0	(1,538)	0
Net income (loss)		14,742		(13,872)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax		(1,642)	0	(112)	0
Components of other comprehensive income (loss), net of tax:
Total components of other comprehensive income (loss), net of tax		(1,642)	0	(112)	0
Comprehensive income (loss)		13,100	0	(13,984)	0
Cash Equivalents, at Carrying Value	19,184			73,560
Cash and cash equivalents		151,624		73,560		110,994
Operating Leases, Rent Expense, Net				7,710
Income (Loss) from Continuing Operations Attributable to Parent				(15,410)
Predecessor [Member]
Condensed Financial Statements, Captions [Line Items]
Net Cash Provided by (Used in) Operating Activities	22,314
Payments to Acquire Predecessor, Gross	0
Intercompany Note, Investing	0
Net Cash Provided by (Used in) Investing Activities	(9,659)
Proceeds from secured credit facilities, net of original issue discount	0
Proceeds from senior notes	0
Repayment of Predecessor Facility							0
Net repayments on revolving credit facility	(13,500)
Intercompany Note, Financing	0
Repayments of Long-term Capital Lease Obligations	(164)
Payments of Dividends	(38)			(890)
Excess tax benefit realized from stock-based compensation	0
Payments for Repurchase of Other Equity	(142)
Net Cash Provided by (Used in) Financing Activities	(13,844)			989,752
Effect of foreign exchange rate changes on cash	(313)			(59)
Change in cash and cash equivalents	(1,502)
REVENUES:
Food and beverage sales	50,897
Entertainment and merchandise sales	62,659
Total company store sales	113,556
Franchise fees and royalties	687
Total revenues	114,243
Company store operating costs:
Cost of food and beverage (exclusive of items shown separately below)	12,285
Cost of entertainment and merchandise (exclusive of items shown separately below)	3,729
Total cost of food, beverage, entertainment and merchandise	16,014
Labor expenses	31,998
Depreciation and amortization	9,733
Rent expense	12,365
Other store operating expenses	15,760
Total company store operating costs	85,870
Other costs and expenses:
Advertising expense	5,903
General and administrative expenses	7,963
Transaction and severance costs	11,634
Total operating costs and expenses	111,370
Operating income (loss)	2,873
Equity in earnings (loss) in affiliates	0
Interest expense (income)	1,151
Income (loss) before income taxes	1,722
Income tax expense (benefit)	1,018
Net income (loss)	704
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	(541)			(112)
Components of other comprehensive income (loss), net of tax:
Total components of other comprehensive income (loss), net of tax	(541)
Comprehensive income (loss)	163
Cash and cash equivalents	19,184					110,994		20,686
Retained Earnings [Member] | Successor [Member]
Other costs and expenses:
Net income (loss)		14,742	0		0
Retained Earnings [Member] | Predecessor [Member]
Other costs and expenses:
Net income (loss)	704
Subsidiaries [Member] | Successor [Member]
Condensed Financial Statements, Captions [Line Items]
Property, Plant and Equipment, Disposals				0
Intercompany Note, Financing				(346,628)
Issuer
Other costs and expenses:
Interest expense (income)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax
Issuer | Successor [Member]
Condensed Financial Statements, Captions [Line Items]
Repayments of Senior Debt		1,900
Net Cash Provided by (Used in) Operating Activities		53,409		17,463
Payments to Acquire Predecessor, Gross				946,898
Intercompany Note, Investing		(96)		0
Net Cash Provided by (Used in) Investing Activities		(15,113)		(951,581)
Intercompany Note, Financing		0
Repayments of Long-term Capital Lease Obligations		(100)		(26)
Excess tax benefit realized from stock-based compensation				5,043
Net Cash Provided by (Used in) Financing Activities		(2,386)
Effect of foreign exchange rate changes on cash		0
REVENUES:
Food and beverage sales		102,387		60,896
Entertainment and merchandise sales		137,510		76,538
Total company store sales		239,897	0	137,434	0
Franchise fees and royalties		805		335
International Association assessments and other fees		286		294
Total revenues		240,988	0	138,063	0
Company store operating costs:
Cost of food and beverage (exclusive of items shown separately below)		25,390		15,347
Cost of entertainment and merchandise (exclusive of items shown separately below)		7,620		4,733
Total cost of food, beverage, entertainment and merchandise		33,010	0	20,080	0
Labor expenses		61,732		31,061
Depreciation and amortization		27,619		18,118
Rent expense		22,303
Other store operating expenses		31,509		20,184
Total company store operating costs		176,173	0	96,899	0
Other costs and expenses:
Advertising expense		9,141		7,579
General and administrative expenses		4,893		3,132
Asset impairment charge
Transaction and severance costs		0		31,679
Total operating costs and expenses		190,207	0	139,289	0
Operating income (loss)		50,781	0	(1,226)	0
Equity in earnings (loss) in affiliates		(7,769)		1,483	0
Interest expense (income)		16,737		(8,614)
Income (loss) before income taxes		26,275	0		0
Income tax expense (benefit)		11,533		5,515
Net income (loss)				(13,872)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax		(1,642)
Components of other comprehensive income (loss), net of tax:
Total components of other comprehensive income (loss), net of tax		(1,642)	0	(112)	0
Comprehensive income (loss)		13,100	0	(13,984)	0
Cash Equivalents, at Carrying Value	6,653
Cash and cash equivalents		132,930		63,659		97,020
Operating Leases, Rent Expense, Net				7,456
Income (Loss) from Continuing Operations Attributable to Parent				(8,357)
Issuer | Predecessor [Member]
Condensed Financial Statements, Captions [Line Items]
Net Cash Provided by (Used in) Operating Activities	(12,224)
Intercompany Note, Investing	0
Net Cash Provided by (Used in) Investing Activities	(8,540)
Net repayments on revolving credit facility	0
Intercompany Note, Financing	17,571
Repayments of Long-term Capital Lease Obligations	(153)
Payments of Dividends	(38)			(890)
Payments for Repurchase of Other Equity	(142)
Net Cash Provided by (Used in) Financing Activities	17,238			991,124
Effect of foreign exchange rate changes on cash	0			0
REVENUES:
Food and beverage sales	49,803
Entertainment and merchandise sales	61,082
Total company store sales	110,885
Franchise fees and royalties	353
International Association assessments and other fees	0
Total revenues	111,238
Company store operating costs:
Cost of food and beverage (exclusive of items shown separately below)	11,924
Cost of entertainment and merchandise (exclusive of items shown separately below)	3,618
Total cost of food, beverage, entertainment and merchandise	15,542
Labor expenses	31,107
Depreciation and amortization	9,430
Rent expense	11,962
Other store operating expenses	20,193
Other costs and expenses:
Advertising expense	6,144
General and administrative expenses	4,124
Transaction and severance costs	1,800
Operating income (loss)	10,936
Equity in earnings (loss) in affiliates	(4,523)
Interest expense (income)	1,822
Income (loss) before income taxes	4,591
Income tax expense (benefit)	3,887
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	(541)			(112)
Components of other comprehensive income (loss), net of tax:
Total components of other comprehensive income (loss), net of tax	(541)
Comprehensive income (loss)	163
Cash and cash equivalents	6,651					97,020		10,177
Issuer | Retained Earnings [Member] | Successor [Member]
Other costs and expenses:
Net income (loss)		14,742	0		0
Issuer | Retained Earnings [Member] | Predecessor [Member]
Other costs and expenses:
Net income (loss)	704
Guarantors
Other costs and expenses:
Interest expense (income)
Guarantors | Successor [Member]
Condensed Financial Statements, Captions [Line Items]
Repayments of Senior Debt		0
Net Cash Provided by (Used in) Operating Activities		2,476		723
Payments to Acquire Predecessor, Gross				0
Intercompany Note, Investing		2,500		348,969
Property, Plant and Equipment, Disposals				98
Net Cash Provided by (Used in) Investing Activities		1,292		347,305
Intercompany Note, Financing		96		384
Repayments of Long-term Capital Lease Obligations		0		0
Excess tax benefit realized from stock-based compensation				0
Net Cash Provided by (Used in) Financing Activities		85
Effect of foreign exchange rate changes on cash		0
REVENUES:
Food and beverage sales		12,316		55
Entertainment and merchandise sales		4,110		0
Total company store sales		16,426	0	55	0
Franchise fees and royalties		3,422		351
International Association assessments and other fees		662		4,336
Total revenues		20,510	0	4,742	0
Company store operating costs:
Cost of food and beverage (exclusive of items shown separately below)		3,244		(16)
Cost of entertainment and merchandise (exclusive of items shown separately below)		753		(7)
Total cost of food, beverage, entertainment and merchandise		3,997	0	(23)	0
Labor expenses		3,930		0
Depreciation and amortization		1,114		0
Rent expense		1,494
Other store operating expenses		1,830		3
Total company store operating costs		12,365	0	(20)	0
Other costs and expenses:
Advertising expense		1,060		(17)
General and administrative expenses		12,180		4,059
Asset impairment charge
Transaction and severance costs		41		6,000
Total operating costs and expenses		25,646	0	10,022	0
Operating income (loss)		(5,136)	0	(5,280)	0
Equity in earnings (loss) in affiliates		0		0	0
Interest expense (income)		633		(3,342)
Income (loss) before income taxes		(5,769)	0		0
Income tax expense (benefit)		1,328		(7,961)
Net income (loss)				(661)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax		0
Components of other comprehensive income (loss), net of tax:
Total components of other comprehensive income (loss), net of tax		0	0	0	0
Comprehensive income (loss)		(7,097)	0	(661)	0
Cash Equivalents, at Carrying Value	120
Cash and cash equivalents		10,280		532		6,427
Operating Leases, Rent Expense, Net				0
Income (Loss) from Continuing Operations Attributable to Parent				(8,622)
Guarantors | Predecessor [Member]
Condensed Financial Statements, Captions [Line Items]
Net Cash Provided by (Used in) Operating Activities	29,906
Intercompany Note, Investing	(17,601)
Net Cash Provided by (Used in) Investing Activities	(18,630)
Net repayments on revolving credit facility	(13,500)
Intercompany Note, Financing	430
Repayments of Long-term Capital Lease Obligations	0
Payments of Dividends	0			0
Payments for Repurchase of Other Equity	0
Net Cash Provided by (Used in) Financing Activities	(13,070)			(347,616)
Effect of foreign exchange rate changes on cash	0			0
REVENUES:
Food and beverage sales	32
Entertainment and merchandise sales	0
Total company store sales	32
Franchise fees and royalties	334
International Association assessments and other fees	4,558
Total revenues	4,924
Company store operating costs:
Cost of food and beverage (exclusive of items shown separately below)	25
Cost of entertainment and merchandise (exclusive of items shown separately below)	0
Total cost of food, beverage, entertainment and merchandise	25
Labor expenses	0
Depreciation and amortization	0
Rent expense	0
Other store operating expenses	(44)
Other costs and expenses:
Advertising expense	17
General and administrative expenses	3,863
Transaction and severance costs	9,834
Operating income (loss)	(8,771)
Equity in earnings (loss) in affiliates	0
Interest expense (income)	(771)
Income (loss) before income taxes	(8,000)
Income tax expense (benefit)	(3,040)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	0			0
Components of other comprehensive income (loss), net of tax:
Total components of other comprehensive income (loss), net of tax	0
Comprehensive income (loss)	(4,960)
Cash and cash equivalents	120					6,427		1,914
Guarantors | Retained Earnings [Member] | Successor [Member]
Other costs and expenses:
Net income (loss)		(7,097)	0		0
Guarantors | Retained Earnings [Member] | Predecessor [Member]
Other costs and expenses:
Net income (loss)	(4,960)
Non-Guarantors
Other costs and expenses:
Interest expense (income)
Non-Guarantors | Successor [Member]
Condensed Financial Statements, Captions [Line Items]
Repayments of Senior Debt		0
Net Cash Provided by (Used in) Operating Activities		4,663		(202)
Payments to Acquire Predecessor, Gross				0
Intercompany Note, Investing		0		0
Property, Plant and Equipment, Additions				(56)
Property, Plant and Equipment, Disposals				0
Net Cash Provided by (Used in) Investing Activities		(635)		(56)
Intercompany Note, Financing		(2,500)		(2,725)
Repayments of Long-term Capital Lease Obligations		0		0
Excess tax benefit realized from stock-based compensation				0
Net Cash Provided by (Used in) Financing Activities		(2,500)
Effect of foreign exchange rate changes on cash		(661)
REVENUES:
Food and beverage sales		1,834		1,326
Entertainment and merchandise sales		3,124		2,075
Total company store sales		4,958	0	3,401	0
Franchise fees and royalties		0		0
International Association assessments and other fees		8,653		7,483
Total revenues		13,611	0	10,884	0
Company store operating costs:
Cost of food and beverage (exclusive of items shown separately below)		591		366
Cost of entertainment and merchandise (exclusive of items shown separately below)		149		124
Total cost of food, beverage, entertainment and merchandise		740	0	490	0
Labor expenses		1,511		887
Depreciation and amortization		508		357
Rent expense		661
Other store operating expenses		1,128		537
Total company store operating costs		4,548	0	2,525	0
Other costs and expenses:
Advertising expense		9,904		5,041
General and administrative expenses		117		179
Asset impairment charge
Transaction and severance costs		0		0
Total operating costs and expenses		14,569	0	7,745	0
Operating income (loss)		(958)	0	3,139	0
Equity in earnings (loss) in affiliates		0		0	0
Interest expense (income)		129		(87)
Income (loss) before income taxes		(1,087)	0		0
Income tax expense (benefit)		(415)		908
Net income (loss)				2,144
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax		(1,642)
Components of other comprehensive income (loss), net of tax:
Total components of other comprehensive income (loss), net of tax		(1,642)	0	(112)	0
Comprehensive income (loss)		(2,314)	0	2,032	0
Cash Equivalents, at Carrying Value	12,411
Cash and cash equivalents		8,414		9,369		7,547
Operating Leases, Rent Expense, Net				254
Income (Loss) from Continuing Operations Attributable to Parent				3,052
Non-Guarantors | Predecessor [Member]
Condensed Financial Statements, Captions [Line Items]
Net Cash Provided by (Used in) Operating Activities	4,632
Intercompany Note, Investing	0
Net Cash Provided by (Used in) Investing Activities	(90)
Net repayments on revolving credit facility	0
Intercompany Note, Financing	(400)
Repayments of Long-term Capital Lease Obligations	(11)
Payments of Dividends	0			0
Payments for Repurchase of Other Equity	0
Net Cash Provided by (Used in) Financing Activities	(411)			(2,725)
Effect of foreign exchange rate changes on cash	(313)			(59)
REVENUES:
Food and beverage sales	1,062
Entertainment and merchandise sales	1,577
Total company store sales	2,639
Franchise fees and royalties	0
International Association assessments and other fees	6,095
Total revenues	8,734
Company store operating costs:
Cost of food and beverage (exclusive of items shown separately below)	336
Cost of entertainment and merchandise (exclusive of items shown separately below)	131
Total cost of food, beverage, entertainment and merchandise	467
Labor expenses	891
Depreciation and amortization	303
Rent expense	403
Other store operating expenses	(82)
Other costs and expenses:
Advertising expense	5,853
General and administrative expenses	191
Transaction and severance costs	0
Operating income (loss)	708
Equity in earnings (loss) in affiliates	0
Interest expense (income)	100
Income (loss) before income taxes	608
Income tax expense (benefit)	171
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	(541)			(112)
Components of other comprehensive income (loss), net of tax:
Total components of other comprehensive income (loss), net of tax	(541)
Comprehensive income (loss)	(104)
Cash and cash equivalents	12,413					7,547		8,595
Non-Guarantors | Retained Earnings [Member] | Successor [Member]
Other costs and expenses:
Net income (loss)		(672)	0		0
Non-Guarantors | Retained Earnings [Member] | Predecessor [Member]
Other costs and expenses:
Net income (loss)	437
Eliminations | Successor [Member]
Components of other comprehensive income (loss), net of tax:
Cash Equivalents, at Carrying Value	0			0
Reportable Legal Entities [Member] | Parent Company [Member] | Successor [Member]
Condensed Financial Statements, Captions [Line Items]
Proceeds from secured credit facilities, net of original issue discount				756,200
Proceeds from senior notes				255,000
Repayment of Predecessor Facility				0
Change in cash and cash equivalents		35,910		57,006
Reportable Legal Entities [Member] | Parent Company [Member] | Predecessor [Member]
Condensed Financial Statements, Captions [Line Items]
Change in cash and cash equivalents	(3,526)
Company store operating costs:
Total company store operating costs	88,234
Other costs and expenses:
Total operating costs and expenses	100,302
Reportable Legal Entities [Member] | Guarantors | Successor [Member]
Condensed Financial Statements, Captions [Line Items]
Proceeds from secured credit facilities, net of original issue discount				0
Proceeds from senior notes				0
Repayment of Predecessor Facility				(348,000)
Change in cash and cash equivalents		3,853		412
Reportable Legal Entities [Member] | Guarantors | Predecessor [Member]
Condensed Financial Statements, Captions [Line Items]
Change in cash and cash equivalents	(1,794)
Company store operating costs:
Total company store operating costs	(19)
Other costs and expenses:
Total operating costs and expenses	13,695
Reportable Legal Entities [Member] | Non-Guarantors | Successor [Member]
Condensed Financial Statements, Captions [Line Items]
Proceeds from secured credit facilities, net of original issue discount				0
Proceeds from senior notes				0
Repayment of Predecessor Facility				0
Change in cash and cash equivalents		867		(3,042)
Reportable Legal Entities [Member] | Non-Guarantors | Predecessor [Member]
Condensed Financial Statements, Captions [Line Items]
Change in cash and cash equivalents	3,818
Company store operating costs:
Total company store operating costs	1,982
Other costs and expenses:
Total operating costs and expenses	8,026
Eliminations
Other costs and expenses:
Interest expense (income)
Eliminations | Successor [Member]
Condensed Financial Statements, Captions [Line Items]
Repayments of Senior Debt		0
Net Cash Provided by (Used in) Operating Activities		0		0
Payments to Acquire Predecessor, Gross				0
Intercompany Note, Investing		(2,404)		(348,969)
Property, Plant and Equipment, Disposals				0
Net Cash Provided by (Used in) Investing Activities		(2,404)		(348,969)
Proceeds from secured credit facilities, net of original issue discount				0
Proceeds from senior notes				0
Repayment of Predecessor Facility				0
Intercompany Note, Financing		2,404		348,969
Repayments of Long-term Capital Lease Obligations		0		0
Excess tax benefit realized from stock-based compensation				0
Net Cash Provided by (Used in) Financing Activities		2,404
Effect of foreign exchange rate changes on cash		0
Change in cash and cash equivalents		0		0
REVENUES:
Food and beverage sales		0		0
Entertainment and merchandise sales		0		0
Total company store sales		0	0	0	0
Franchise fees and royalties		0		0
International Association assessments and other fees		(9,601)		(12,113)
Total revenues		(9,601)	0	(12,113)	0
Company store operating costs:
Cost of food and beverage (exclusive of items shown separately below)		0		0
Cost of entertainment and merchandise (exclusive of items shown separately below)		0		(20)
Total cost of food, beverage, entertainment and merchandise		0	0	(20)	0
Labor expenses		0		0
Depreciation and amortization		0		0
Rent expense		0
Other store operating expenses		(948)		(4,085)
Total company store operating costs		(948)	0	(4,105)	0
Other costs and expenses:
Advertising expense		(8,653)		(7,466)
General and administrative expenses		0		(542)
Asset impairment charge
Transaction and severance costs		0		0
Total operating costs and expenses		(9,601)	0	(12,113)	0
Operating income (loss)		0	0	0	0
Equity in earnings (loss) in affiliates		7,769	0	(1,483)	0
Interest expense (income)		0		0
Income (loss) before income taxes		7,769	0		0
Income tax expense (benefit)		0		0
Net income (loss)				(1,483)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax		1,642
Components of other comprehensive income (loss), net of tax:
Total components of other comprehensive income (loss), net of tax		1,642	0	112	0
Comprehensive income (loss)		9,411	0	(1,371)	0
Cash and cash equivalents		0				0
Operating Leases, Rent Expense, Net				0
Income (Loss) from Continuing Operations Attributable to Parent				(1,483)
Eliminations | Predecessor [Member]
Condensed Financial Statements, Captions [Line Items]
Net Cash Provided by (Used in) Operating Activities	0
Intercompany Note, Investing	17,601
Net Cash Provided by (Used in) Investing Activities	17,601
Net repayments on revolving credit facility	0
Intercompany Note, Financing	(17,601)
Repayments of Long-term Capital Lease Obligations	0
Payments of Dividends	0			0
Payments for Repurchase of Other Equity	0
Net Cash Provided by (Used in) Financing Activities	(17,601)			348,969
Effect of foreign exchange rate changes on cash	0			0
Change in cash and cash equivalents	0
REVENUES:
Food and beverage sales	0
Entertainment and merchandise sales	0
Total company store sales	0
Franchise fees and royalties	0
International Association assessments and other fees	(10,653)
Total revenues	(10,653)
Company store operating costs:
Cost of food and beverage (exclusive of items shown separately below)	0
Cost of entertainment and merchandise (exclusive of items shown separately below)	(20)
Total cost of food, beverage, entertainment and merchandise	(20)
Labor expenses	0
Depreciation and amortization	0
Rent expense	0
Other store operating expenses	(4,307)
Total company store operating costs	(4,327)
Other costs and expenses:
Advertising expense	(6,111)
General and administrative expenses	(215)
Transaction and severance costs	0
Total operating costs and expenses	(10,653)
Operating income (loss)	0
Equity in earnings (loss) in affiliates	4,523
Interest expense (income)	0
Income (loss) before income taxes	4,523
Income tax expense (benefit)	0
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	541			112
Components of other comprehensive income (loss), net of tax:
Total components of other comprehensive income (loss), net of tax	541
Comprehensive income (loss)	5,064
Cash and cash equivalents	0					0		0
Eliminations | Retained Earnings [Member] | Successor [Member]
Other costs and expenses:
Net income (loss)		7,769	0		0
Eliminations | Retained Earnings [Member] | Predecessor [Member]
Other costs and expenses:
Net income (loss)	$ 4,523

XML

Income Taxes Taxes by Jurisdiction (Details) (USD $) In Thousands, unless otherwise specified	1 Months Ended	3 Months Ended			2 Months Ended
	Mar. 30, 2014	Mar. 29, 2015	Sep. 28, 2014	Jun. 29, 2014	Feb. 14, 2014
Successor [Member]
Income Taxes [Line Items]
Federal and state income taxes	$ (1,533)	$ 12,174
Foreign income taxes	(5)	272
Income tax expense (benefit)	(1,538)	12,446	0	0
Effective income tax rate	10.00%	45.80%
Predecessor [Member]
Income Taxes [Line Items]
Federal and state income taxes					914
Foreign income taxes					104
Income tax expense (benefit)					$ 1,018
Effective income tax rate					59.10%

XML

Condensed Consolidating Schedules - Cash Flow (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended	1 Months Ended	2 Months Ended	3 Months Ended	9 Months Ended
	Mar. 29, 2015	Mar. 30, 2014	Feb. 14, 2014	Sep. 28, 2014	Sep. 29, 2013	Dec. 28, 2014
Cash flows provided by (used in) investing activities:
Repayments of Notes Payable	$ (11)
Successor [Member]
Condensed Financial Statements, Captions [Line Items]
Transaction and severance costs	41	37,679		0
Cash flows provided by (used in) operating activities:
Net Cash Provided by (Used in) Operating Activities	60,548	17,984
Cash flows provided by (used in) investing activities:
Acquisition of Predecessor	663	0
Other Payments to Acquire Businesses	(663)
Intercompany Note, Investing	0	0
Payments to Acquire Property, Plant, and Equipment	(16,109)	(6,501)
Proceeds from sale of property and equipment	97	98
Payments to Develop Software	(185)	0
Net cash used in investing activities	(16,860)	(953,301)
Proceeds from secured credit facilities, net of original issue discount	0	756,200	756,200
Proceeds from senior notes	0	255,000	255,000
Repayment of Predecessor Facility	0		(348,000)
Repayments on senior term loan	(1,900)		0
Repayments of Notes Payable	(11)		0
Cash flows from financing activities:
Intercompany Note, Financing	0	0
Net repayments on revolving credit facility	0		0
Payment of debt financing costs	0		(27,575)
Repayments of Long-term Capital Lease Obligations	(100)	(26)	(26)
Sale Leaseback Transaction, Payments, Financing Activities	386		0
Payments of Dividends	0		(890)
Excess tax benefit realized from stock-based compensation	0	5,043	5,043
Payments for Repurchase of Other Equity	0		0
Equity contribution	0		350,000
Net cash provided by (used in) financing activities	(2,397)	989,752
Effect of foreign exchange rate changes on cash	(661)	(59)
Change in cash and cash equivalents	40,630	54,376
Cash and cash equivalents at beginning of period	110,994
Cash and cash equivalents at end of period	151,624	73,560
Cash Equivalents, at Carrying Value		73,560	19,184
Successor [Member] | Guarantors
Condensed Financial Statements, Captions [Line Items]
Transaction and severance costs	41	6,000
Cash flows provided by (used in) operating activities:
Net Cash Provided by (Used in) Operating Activities	2,476	723
Cash flows provided by (used in) investing activities:
Other Payments to Acquire Businesses	0
Intercompany Note, Investing	2,500	348,969
Payments to Acquire Property, Plant, and Equipment	(1,023)
Proceeds from sale of property and equipment	0
Payments to Develop Software	185
Net cash used in investing activities	1,292	347,305
Repayments on senior term loan	0
Repayments of Notes Payable	(11)
Cash flows from financing activities:
Intercompany Note, Financing	96	384
Repayments of Long-term Capital Lease Obligations	0	0
Sale Leaseback Transaction, Payments, Financing Activities	0
Excess tax benefit realized from stock-based compensation		0
Net cash provided by (used in) financing activities	85
Effect of foreign exchange rate changes on cash	0
Cash and cash equivalents at beginning of period	6,427
Cash and cash equivalents at end of period	10,280	532
Cash Equivalents, at Carrying Value			120
Successor [Member] | Non-Guarantors
Condensed Financial Statements, Captions [Line Items]
Transaction and severance costs	0	0
Cash flows provided by (used in) operating activities:
Net Cash Provided by (Used in) Operating Activities	4,663	(202)
Cash flows provided by (used in) investing activities:
Other Payments to Acquire Businesses	0
Intercompany Note, Investing	0	0
Payments to Acquire Property, Plant, and Equipment	(635)
Proceeds from sale of property and equipment	0
Payments to Develop Software	0
Net cash used in investing activities	(635)	(56)
Repayments on senior term loan	0
Repayments of Notes Payable	0
Cash flows from financing activities:
Intercompany Note, Financing	(2,500)	(2,725)
Repayments of Long-term Capital Lease Obligations	0	0
Sale Leaseback Transaction, Payments, Financing Activities	0
Excess tax benefit realized from stock-based compensation		0
Net cash provided by (used in) financing activities	(2,500)
Effect of foreign exchange rate changes on cash	(661)
Cash and cash equivalents at beginning of period	7,547
Cash and cash equivalents at end of period	8,414	9,369
Cash Equivalents, at Carrying Value			12,411
Property, Plant and Equipment, Additions		(56)
Successor [Member] | Issuer
Condensed Financial Statements, Captions [Line Items]
Transaction and severance costs	0	31,679
Cash flows provided by (used in) operating activities:
Net Cash Provided by (Used in) Operating Activities	53,409	17,463
Cash flows provided by (used in) investing activities:
Other Payments to Acquire Businesses	(663)
Intercompany Note, Investing	(96)	0
Payments to Acquire Property, Plant, and Equipment	(14,451)
Proceeds from sale of property and equipment	97
Payments to Develop Software	0
Net cash used in investing activities	(15,113)	(951,581)
Repayments on senior term loan	(1,900)
Repayments of Notes Payable	0
Cash flows from financing activities:
Intercompany Note, Financing	0
Repayments of Long-term Capital Lease Obligations	(100)	(26)
Excess tax benefit realized from stock-based compensation		5,043
Net cash provided by (used in) financing activities	(2,386)
Effect of foreign exchange rate changes on cash	0
Cash and cash equivalents at beginning of period	97,020
Cash and cash equivalents at end of period	132,930	63,659
Cash Equivalents, at Carrying Value			6,653
Issuer
Cash flows from financing activities:
Property, Plant and Equipment, Additions		(6,501)
Issuer | Guarantors
Cash flows from financing activities:
Property, Plant and Equipment, Additions		(1,762)
Issuer | Issuer
Cash flows from financing activities:
Property, Plant and Equipment, Additions		(4,683)
Predecessor [Member]
Condensed Financial Statements, Captions [Line Items]
Transaction and severance costs			11,634
Cash flows provided by (used in) operating activities:
Net Cash Provided by (Used in) Operating Activities			22,314
Cash flows provided by (used in) investing activities:
Acquisition of Predecessor			0
Intercompany Note, Investing			0
Payments to Acquire Property, Plant, and Equipment			(9,710)
Proceeds from sale of property and equipment			51
Payments to Develop Software			0
Net cash used in investing activities			(9,659)
Proceeds from secured credit facilities, net of original issue discount			0
Proceeds from senior notes			0
Repayment of Predecessor Facility					0
Repayments of Notes Payable			0
Cash flows from financing activities:
Intercompany Note, Financing			0
Net repayments on revolving credit facility			(13,500)
Payment of debt financing costs			0
Repayments of Long-term Capital Lease Obligations			(164)
Sale Leaseback Transaction, Payments, Financing Activities			0
Payments of Dividends		(890)	(38)
Excess tax benefit realized from stock-based compensation			0
Payments for Repurchase of Other Equity			(142)
Equity contribution			0
Net cash provided by (used in) financing activities		989,752	(13,844)
Effect of foreign exchange rate changes on cash		(59)	(313)
Change in cash and cash equivalents			(1,502)
Cash and cash equivalents at beginning of period		19,184	20,686			110,994
Cash and cash equivalents at end of period			19,184			110,994
Predecessor [Member] | Guarantors
Condensed Financial Statements, Captions [Line Items]
Transaction and severance costs			9,834
Cash flows provided by (used in) operating activities:
Net Cash Provided by (Used in) Operating Activities			29,906
Cash flows provided by (used in) investing activities:
Intercompany Note, Investing			(17,601)
Payments to Acquire Property, Plant, and Equipment			(1,082)
Proceeds from sale of property and equipment			53
Net cash used in investing activities			(18,630)
Cash flows from financing activities:
Intercompany Note, Financing			430
Net repayments on revolving credit facility			(13,500)
Repayments of Long-term Capital Lease Obligations			0
Payments of Dividends		0	0
Payments for Repurchase of Other Equity			0
Net cash provided by (used in) financing activities		(347,616)	(13,070)
Effect of foreign exchange rate changes on cash		0	0
Cash and cash equivalents at beginning of period		120	1,914			6,427
Cash and cash equivalents at end of period			120			6,427
Predecessor [Member] | Non-Guarantors
Condensed Financial Statements, Captions [Line Items]
Transaction and severance costs			0
Cash flows provided by (used in) operating activities:
Net Cash Provided by (Used in) Operating Activities			4,632
Cash flows provided by (used in) investing activities:
Intercompany Note, Investing			0
Payments to Acquire Property, Plant, and Equipment			(90)
Proceeds from sale of property and equipment			0
Net cash used in investing activities			(90)
Cash flows from financing activities:
Intercompany Note, Financing			(400)
Net repayments on revolving credit facility			0
Repayments of Long-term Capital Lease Obligations			(11)
Payments of Dividends		0	0
Payments for Repurchase of Other Equity			0
Net cash provided by (used in) financing activities		(2,725)	(411)
Effect of foreign exchange rate changes on cash		(59)	(313)
Cash and cash equivalents at beginning of period		12,413	8,595			7,547
Cash and cash equivalents at end of period			12,413			7,547
Predecessor [Member] | Issuer
Condensed Financial Statements, Captions [Line Items]
Transaction and severance costs			1,800
Cash flows provided by (used in) operating activities:
Net Cash Provided by (Used in) Operating Activities			(12,224)
Cash flows provided by (used in) investing activities:
Intercompany Note, Investing			0
Payments to Acquire Property, Plant, and Equipment			(8,538)
Proceeds from sale of property and equipment			(2)
Net cash used in investing activities			(8,540)
Cash flows from financing activities:
Intercompany Note, Financing			17,571
Net repayments on revolving credit facility			0
Repayments of Long-term Capital Lease Obligations			(153)
Payments of Dividends		(890)	(38)
Payments for Repurchase of Other Equity			(142)
Net cash provided by (used in) financing activities		991,124	17,238
Effect of foreign exchange rate changes on cash		0	0
Cash and cash equivalents at beginning of period		6,651	10,177			97,020
Cash and cash equivalents at end of period			6,651			97,020
Eliminations | Successor [Member]
Condensed Financial Statements, Captions [Line Items]
Transaction and severance costs	0	0
Cash flows provided by (used in) operating activities:
Net Cash Provided by (Used in) Operating Activities	0	0
Cash flows provided by (used in) investing activities:
Other Payments to Acquire Businesses	0
Intercompany Note, Investing	(2,404)	(348,969)
Payments to Acquire Property, Plant, and Equipment	0
Proceeds from sale of property and equipment	0
Payments to Develop Software	0
Net cash used in investing activities	(2,404)	(348,969)
Proceeds from secured credit facilities, net of original issue discount		0
Proceeds from senior notes		0
Repayment of Predecessor Facility		0
Repayments on senior term loan	0
Repayments of Notes Payable	0
Cash flows from financing activities:
Intercompany Note, Financing	2,404	348,969
Repayments of Long-term Capital Lease Obligations	0	0
Sale Leaseback Transaction, Payments, Financing Activities	0
Excess tax benefit realized from stock-based compensation		0
Net cash provided by (used in) financing activities	2,404
Effect of foreign exchange rate changes on cash	0
Change in cash and cash equivalents	0	0
Cash and cash equivalents at beginning of period	0
Cash and cash equivalents at end of period	0
Eliminations | Issuer
Cash flows from financing activities:
Property, Plant and Equipment, Additions		0
Eliminations | Predecessor [Member]
Condensed Financial Statements, Captions [Line Items]
Transaction and severance costs			0
Cash flows provided by (used in) operating activities:
Net Cash Provided by (Used in) Operating Activities			0
Cash flows provided by (used in) investing activities:
Intercompany Note, Investing			17,601
Payments to Acquire Property, Plant, and Equipment			0
Proceeds from sale of property and equipment			0
Net cash used in investing activities			17,601
Cash flows from financing activities:
Intercompany Note, Financing			(17,601)
Net repayments on revolving credit facility			0
Repayments of Long-term Capital Lease Obligations			0
Payments of Dividends		0	0
Payments for Repurchase of Other Equity			0
Net cash provided by (used in) financing activities		348,969	(17,601)
Effect of foreign exchange rate changes on cash		0	0
Change in cash and cash equivalents			0
Cash and cash equivalents at beginning of period		0	0			0
Cash and cash equivalents at end of period			0			0
Reportable Legal Entities [Member] | Successor [Member] | Guarantors
Cash flows provided by (used in) investing activities:
Proceeds from secured credit facilities, net of original issue discount		0
Proceeds from senior notes		0
Repayment of Predecessor Facility		(348,000)
Cash flows from financing activities:
Change in cash and cash equivalents	3,853	412
Reportable Legal Entities [Member] | Successor [Member] | Non-Guarantors
Cash flows provided by (used in) investing activities:
Proceeds from secured credit facilities, net of original issue discount		0
Proceeds from senior notes		0
Repayment of Predecessor Facility		0
Cash flows from financing activities:
Change in cash and cash equivalents	867	(3,042)
Reportable Legal Entities [Member] | Successor [Member] | Parent Company [Member]
Cash flows provided by (used in) investing activities:
Proceeds from secured credit facilities, net of original issue discount		756,200
Proceeds from senior notes		255,000
Repayment of Predecessor Facility		0
Cash flows from financing activities:
Change in cash and cash equivalents	35,910	57,006
Reportable Legal Entities [Member] | Predecessor [Member] | Guarantors
Cash flows from financing activities:
Change in cash and cash equivalents			(1,794)
Reportable Legal Entities [Member] | Predecessor [Member] | Non-Guarantors
Cash flows from financing activities:
Change in cash and cash equivalents			3,818
Reportable Legal Entities [Member] | Predecessor [Member] | Parent Company [Member]
Cash flows from financing activities:
Change in cash and cash equivalents			$ (3,526)

XML

Other Non-current Liabilities (Details) (USD $) In Thousands, unless otherwise specified	Mar. 29, 2015	Dec. 28, 2014	Sep. 28, 2014	Dec. 29, 2013
Successor [Member]
Other Noncurrent Liabilities [Line Items]
Other noncurrent liabilities	$ 208,185	$ 205,384	$ 0
Predecessor [Member]
Other Noncurrent Liabilities [Line Items]
Sale leaseback obligations, less current portion				181,282
Other noncurrent liabilities				$ 205,384

XML

Acquisition of CEC Entertainment, Inc. - Pro Forma Financial Information (Details) (CEC Entertainment, Inc. [Member], USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 28, 2014	Sep. 29, 2013	Sep. 28, 2014	Sep. 29, 2013
CEC Entertainment, Inc. [Member]
Business Acquisition [Line Items]
Total revenues	$ 265,508	$ 255,819	$ 255,819	$ 0
Net loss	$ (11,003)	$ (11,349)	$ (3,268)	$ (5,223)

XML

Income Taxes Income Taxes (Tables)

3 Months Ended

Mar. 29, 2015

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

Our income tax expense (benefit) consists of the following for the periods presented:

	Successor						Predecessor
	Three Months Ended			For the 44 Day Period Ended			For the 47 Day Period Ended
	March 29, 2015			March 30, 2014			February 14, 2014
	(in thousands, except percentages)
Federal and state income taxes	$	12,174		$	(1,533	)	$	914
Foreign income taxes	272			(5		)	104
Income tax expense (benefit)	$	12,446		$	(1,538	)	$	1,018
Effective rate	45.8		%	10.0		%	59.1		%

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Stock-Based Compensation Arrangements - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	2 Months Ended	1 Months Ended	3 Months Ended
	Feb. 14, 2014	Mar. 30, 2014	Mar. 29, 2015
Predecessor [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation costs related to the accelerated vesting of restricted stock awards in connection with the Merger	$ 11,108
Tax benefit related to the accelerated vesting of restricted stock awards	0
Successor [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation costs related to the accelerated vesting of restricted stock awards in connection with the Merger		0	0
Tax benefit related to the accelerated vesting of restricted stock awards		$ 5,043	$ 0

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Indebtedness and Interest Expense - Narrative (Details) (USD $)	2 Months Ended	1 Months Ended	3 Months Ended
	Feb. 14, 2014	Mar. 30, 2014	Mar. 29, 2015	Dec. 28, 2014
Predecessor Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate During Period	1.60%
Term Loan Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate During Period		4.70%
The Senior Secured Credit Facilities [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate			1.00%
Debt Instrument, Additional Margin on Basis Spread of Variable Rate	3.00%
The Senior Secured Credit Facilities [Member] | Federal Funds Effective Swap Rate [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate			0.50%
The Senior Secured Credit Facilities [Member] | Adjusted London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate			1.00%
The Senior Secured Credit Facilities [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Debt Instrument, Additional Margin on Basis Spread of Variable Rate	2.00%
Bridge Loan Facility [Member]
Debt Instrument [Line Items]
Interest Expense, Debt		4,900,000
Secured Credit Facilities, Bridge Loan Facility and Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate During Period		9.30%
SecuredCreditFacilitiesAndSeniorNotes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate During Period		5.40%	5.50%
Term Loan Facility [Member] | Term Loan Facility Maturing 2021 [Member]
Debt Instrument [Line Items]
Federal Funds Rate Minimum			0.06%
Federal Funds Rate Maximum			0.13%
Prime Interest Rate			3.25%
Libor Rate Minimum			0.16625%
Libor Rate Maximum			0.18%
The Senior Secured Credit Facilities [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate During Period			4.60%
Bridge Loan [Member]
Debt Instrument [Line Items]
Payments of Debt Issuance Costs		4,900,000
Bridge Loan [Member] | Bridge Loan Facility [Member]
Debt Instrument [Line Items]
Interest Expense, Debt		200,000
Debt Issuance Cost		4,700,000
Unsecured Debt [Member] | Senior Notes due 2022 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate During Period		8.40%	8.30%
Revolving Credit Facility [Member] | Senior Loans [Member] | Swingline Loan Facility, the Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Covenant threshold related to percentage of credit facility drawn			30.00%
Line of Credit Facility, Amount Outstanding			0
Letter of Credit [Member] | Senior Debt Obligations [Member] | Letter of Credit Sub-Facility [Member]
Debt Instrument [Line Items]
Letters of Credit Outstanding, Amount			10,900,000
Successor [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross			1,009,402,000	1,011,313,000
Successor [Member] | Term Loan Facility [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross			754,300,000	$ 756,200,000

XML

Property and Equipment - Narrative (Details) (USD $)	3 Months Ended	1 Months Ended	2 Months Ended	3 Months Ended		7 Months Ended	9 Months Ended
	Sep. 29, 2013 Store	Mar. 30, 2014	Feb. 14, 2014	Mar. 29, 2015	Jun. 29, 2014	Sep. 28, 2014	Sep. 29, 2013
Property, Plant and Equipment [Line Items]
Number Of Store Previously Impaired	1
General and Administrative Expense [Member]
Property, Plant and Equipment [Line Items]
Depreciation		$ 100,000	$ 200,000	$ 1,000,000
Successor [Member]
Property, Plant and Equipment [Line Items]
Depreciation and amortization		18,672,000	9,900,000	30,398,000
Asset impairment charge					0
Predecessor [Member]
Property, Plant and Equipment [Line Items]
Depreciation and amortization			9,883,000
Franchise Agreements [Member]
Property, Plant and Equipment [Line Items]
Amortization of Intangible Assets	0	100,000	0			500,000	0
Franchise Agreements [Member] | Successor [Member]
Property, Plant and Equipment [Line Items]
Amortization of Intangible Assets		500,000
Franchise Agreements [Member] | Predecessor [Member]
Property, Plant and Equipment [Line Items]
Amortization of Intangible Assets			$ 100,000

XML

Stockholders' Equity - Summary of Changes In Stockholders' Equity (Details) (USD $)	1 Months Ended	2 Months Ended	3 Months Ended
	Mar. 30, 2014	Feb. 14, 2014	Mar. 29, 2015	Sep. 28, 2014	Jun. 29, 2014	Dec. 28, 2014
Successor [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock, Value, Issued beginning balance			$ 0
Accumulated other comprehensive income beginning balance			(2,555,000)
Beginning Balance			292,586,000
Equity contribution		350,000,000	0
Net income (loss)	(13,872,000)		14,742,000
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	(112,000)		(1,642,000)	0	0
Total components of other comprehensive income (loss), net of tax	(112,000)		(1,642,000)	0	0
Common Stock, Value, Issued ending balance			0
Capital in excess of par value ending balance			355,982,000
Retained earnings ending balance			(47,346,000)
Ending Balance			306,081,000	306,081,000
Successor [Member] | Common Stock [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance (in shares)						200
Common Stock, Value, Issued beginning balance						0
Ending Balance (in shares)			200			200
Common Stock, Value, Issued ending balance			0			0
Successor [Member] | Capital In Excess of Par Value
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Capital in excess of par value beginning balance			355,587,000
Stock-based compensation costs			395,000
Capital in excess of par value ending balance			355,982,000
Successor [Member] | Retained Earnings [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Retained earnings beginning balance			(62,088,000)
Net income (loss)			14,742,000	0	0
Retained earnings ending balance			(47,346,000)
Successor [Member] | Accumulated Other Comprehensive Income (Loss)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accumulated other comprehensive income beginning balance			(2,555,000)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax			(1,642,000)
Accumulated other comprehensive income ending balance			(913,000)
Predecessor [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock, Value, Issued beginning balance						0
Capital in excess of par value beginning balance						355,587,000
Retained earnings beginning balance						(62,088,000)
Accumulated other comprehensive income beginning balance						(913,000)
Beginning Balance						292,586,000
Equity contribution		0
Net income (loss)		704,000
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	(112,000)	(541,000)
Total components of other comprehensive income (loss), net of tax		(541,000)
Common Stock, Value, Issued ending balance						0
Capital in excess of par value ending balance						355,587,000
Retained earnings ending balance						(62,088,000)
Accumulated other comprehensive income ending balance						(913,000)
Ending Balance						292,586,000
Predecessor [Member] | Retained Earnings [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		$ 704,000

XML

Commitments and Contingencies (Details) (USD $)	0 Months Ended
	Jan. 16, 2014 lawsuit	Mar. 24, 2014	Jun. 10, 2014	Mar. 07, 2014 lawsuit
Merger Agreement [Member]
Loss Contingencies [Line Items]
New claims filed	4
Loss Contingency, Claims Consolidated, Number				1
Maximum [Member] | Franchesca Ford and Isabel Rodriguez v CEC Entertainment [Member]
Loss Contingencies [Line Items]
Litigation settlement amount		$ 1,750,000
Common Stock [Member] | Appraisal Petitioners v CEC Entertainment [Member]
Loss Contingencies [Line Items]
Damages sought (shares)			750,000

XML

Property and Equipment

3 Months Ended

Mar. 29, 2015

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment:

Total depreciation and amortization expense related to property and equipment was $30.4 million, 18.7 million, and $9.9 million for the three months ended March 29, 2015, the 44 day period endedMarch 30, 2014 and the 47 day period endedFebruary 14, 2014, respectively, of which, $1.0 million, $0.1 million and $0.2 million, respectively, was included in “General and administrative expenses” in our Consolidated Statements of Earnings. Total depreciation and amortization expense for the three months ended March 29, 2015 and the 44 day period endedMarch 30, 2014 includes approximately $0.5 million and $0.1 million, respectively, related to the amortization of franchise agreements (see Note 4. “Goodwill and Intangible Assets, Net”).

Asset Impairment

We did not record any impairment charges for the three months ended March 29, 2015, the 44 day period endedMarch 30, 2014, and the 47 day period endedFebruary 14, 2014.

XML

Indebtedness and Interest Expense - Schedule of Debt Obligations (Details) (Successor [Member], USD $) In Thousands, unless otherwise specified	Mar. 29, 2015	Dec. 28, 2014
Successor [Member]
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,009,402	$ 1,011,313

XML

Description of Business and Summary of Significant Accounting Policies - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	1 Months Ended	2 Months Ended	3 Months Ended	1 Months Ended
	Mar. 30, 2014	Feb. 14, 2014	Mar. 29, 2015	Aug. 31, 2014	Dec. 28, 2014 Country State
Accounting Policies [Abstract]
Number of States in which Entity Operates					47
Number of foreign countries in which Entity operates					11
Related Party Transaction [Line Items]
Contributions from franchisees to advertising and media funds	$ 0.4	$ 0.4	$ 0.6
Variable Interest Entity, Primary Beneficiary [Member]
Related Party Transaction [Line Items]
Gross proceeds				$ 12.1

XML

Condensed Consolidating Schedules (Tables)

3 Months Ended

Mar. 29, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Consolidating Balance Sheet

CEC Entertainment, Inc.
Condensed Consolidating Balance Sheet
As of March 29, 2015
(in thousands)
	Successor
	Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Current assets:
Cash and cash equivalents	$	132,930		$	10,280		$	8,414		$	—		$	151,624
Accounts receivable	12,010			1,718			4,002			(3,222		)	14,508
Inventories	13,342			5,864			332			—			19,538
Other current assets	17,357			3,358			1,638			—			22,353
Total current assets	175,639			21,220			14,386			(3,222		)	208,023
Property and equipment, net	624,306			33,619			9,972			—			667,897
Goodwill	432,462			51,521			—			—			483,983
Intangible assets, net	23,988			467,223			—			—			491,211
Intercompany	129,525			23,662			—			(153,187		)	—
Investment in subsidiaries	420,089			—			—			(420,089		)	—
Other noncurrent assets	26,755			6,162			46			—			32,963
Total assets	$	1,832,764		$	603,407		$	24,404		$	(576,498	)	$	1,884,077
Current liabilities:
Bank indebtedness and other long-term debt, current portion	$	9,500		$	45		$	—		$	—		$	9,545
Capital lease obligations, current portion	402			—			3			—			405
Accounts payable and accrued expenses	94,962			25,672			4,378			—			125,012
Other current liabilities	2,989			—			—			—			2,989
Total current liabilities	107,853			25,717			4,381			—			137,951
Capital lease obligations, less current portion	15,297			—			74			—			15,371
Bank indebtedness and other long-term debt, less current portion	996,608			57			—			—			996,665
Deferred tax liability	193,540			15,727			656			—			209,923
Intercompany	3,845			129,945			22,619			(156,409		)	—
Other noncurrent liabilities	209,540			8,357			189			—			218,086
Total liabilities	1,526,683			179,803			27,919			(156,409		)	1,577,996
Stockholders' equity:
Common stock	—			—			—			—			—
Capital in excess of par value	355,982			466,114			3,241			(469,355		)	355,982
Retained earnings (deficit)	(47,346		)	(42,510		)	(4,201		)	46,711			(47,346		)
Accumulated other comprehensive income (loss)	(2,555		)	—			(2,555		)	2,555			(2,555		)
Total stockholders' equity	306,081			423,604			(3,515		)	(420,089		)	306,081
Total liabilities and stockholders' equity	$	1,832,764		$	603,407		$	24,404		$	(576,498	)	$	1,884,077

CEC Entertainment, Inc.
Condensed Consolidating Balance Sheet
As of December 28, 2014
(in thousands)
	Successor
	Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Current assets:
Cash and cash equivalents	$	97,020		$	6,427		$	7,547		$	—		$	110,994
Accounts receivable	13,209			5,487			3,797			(3,658		)	18,835
Inventories	15,008			3,596			375			—			18,979
Other current assets	19,086			3,711			2,040			—			24,837
Total current assets	144,323			19,221			13,759			(3,658		)	173,645
Property and equipment, net	638,239			33,064			10,669			—			681,972
Goodwill	432,462			50,982			—			—			483,444
Intangible assets, net	24,649			466,751			—			—			491,400
Intercompany	129,429			25,090			32,655			(187,174		)	—
Investment in subsidiaries	428,836			—			—			(428,836		)	—
Other noncurrent assets	27,770			5,875			37			—			33,682
Total assets	$	1,825,708		$	600,983		$	57,120		$	(619,668	)	$	1,864,143
Current liabilities:
Bank indebtedness and other long-term debt, current portion	$	9,500		$	45		$	—		$	—		$	9,545
Capital lease obligations, current portion	405			—			3			—			408
Accounts payable and accrued expenses	82,995			21,989			(248		)	(484		)	104,252
Other current liabilities	2,990			—			—			—			2,990
Total current liabilities	95,890			22,034			(245		)	(484		)	117,195
Capital lease obligations, less current portion	15,395			—			81			—			15,476
Bank indebtedness and other long-term debt	998,374			67			—			—			998,441
Deferred tax liability	207,258			14,877			780			—			222,915
Intercompany	6,309			126,497			57,542			(190,348		)	—
Other noncurrent liabilities	209,896			7,472			162			—			217,530
Total liabilities	1,533,122			170,947			58,320			(190,832		)	1,571,557
Stockholders' equity:
Common stock	—			—			—			—			—
Capital in excess of par value	355,587			465,451			3,089			(468,540		)	355,587
Retained earnings (deficit)	(62,088		)	(35,415		)	(3,376		)	38,791			(62,088		)
Accumulated other comprehensive income (loss)	(913		)	—			(913		)	913			(913		)
Total stockholders' equity	292,586			430,036			(1,200		)	(428,836		)	292,586
Total liabilities and stockholders' equity	$	1,825,708		$	600,983		$	57,120		$	(619,668	)	$	1,864,143

Condensed Consolidating Income Statement

CEC Entertainment, Inc.
Consolidating Statement of Comprehensive Income (Loss)
For the Three Months Ended June 28, 2015
(in thousands)
	Successor
	Issuer	Guarantors	Non-Guarantors	Eliminations	Consolidated
Revenues:
Food and beverage sales					$	—
Entertainment and merchandise sales					—
Total company store sales	—	—	—	—	—
Franchise fees and royalties					—
International Association assessments and other fees					—
Total revenues	—	—	—	—	—
Operating Costs and Expenses:
Company store operating costs:
Cost of food and beverage					—
Cost of entertainment and merchandise					—
Total cost of food, beverage, entertainment and merchandise	—	—	—	—	—
Labor expenses					—
Depreciation and amortization					—
Rent expense					—
Other store operating expenses					—
Total company store operating costs	—	—	—	—	—
Advertising expense					—
General and administrative expenses					—
Transaction and severance costs					—
Total operating costs and expenses	—	—	—	—	—
Operating income (loss)	—	—	—	—	—
Equity in earnings (loss) in affiliates	—	—	—	—	—
Interest expense (income)					—
Income (loss) before income taxes	—	—	—	—	—
Income tax expense (benefit)					—
Net income (loss)	—	—	—	—	—
Components of other comprehensive income (loss), net of tax:
Foreign currency translation adjustments					$	—
Total components of other comprehensive income (loss), net of tax	—	—	—	—	—
Comprehensive income (loss)	—	—	—	—	—

CEC Entertainment, Inc.
Consolidating Statement of Comprehensive Income (Loss)
For the Three Months Ended June 29, 2014
(in thousands)
	Predecessor
	Issuer	Guarantors	Non-Guarantors	Eliminations	Consolidated
Revenues:
Food and beverage sales					$	—
Entertainment and merchandise sales					—
Total company store sales	—	—	—	—	—
Franchise fees and royalties					—
International Association assessments and other fees					—
Total revenues	—	—	—	—	—
Operating Costs and Expenses:
Company store operating costs:
Cost of food and beverage					—
Cost of entertainment and merchandise					—
Total cost of food, beverage, entertainment and merchandise	—	—	—	—	—
Labor expenses					—
Depreciation and amortization					—
Rent expense					—
Other store operating expenses					—
Total company store operating costs	—	—	—	—	—
Advertising expense					—
General and administrative expenses					—
Asset impairment					—
Total operating costs and expenses	—	—	—	—	—
Operating income (loss)	—	—	—	—	—
Equity in earnings (loss) in affiliates				—	—
Interest expense (income)					—
Income (loss) before income taxes	—	—	—	—	—
Income tax expense (benefit)					—
Net income (loss)	—	—	—	—	—
Components of other comprehensive income (loss), net of tax:
Foreign currency translation adjustments					$	—
Total components of other comprehensive income (loss), net of tax	—	—	—	—	—
Comprehensive income (loss)	—	—	—	—	—

CEC Entertainment, Inc.
Consolidating Statement of Comprehensive Income (Loss)
For the Three Months Ended March 29, 2015
(in thousands)
	Successor
	Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Revenues:
Food and beverage sales	$	102,387		$	12,316		$	1,834		$	—		$	116,537
Entertainment and merchandise sales	137,510			4,110			3,124			—			144,744
Total company store sales	239,897			16,426			4,958			—			261,281
Franchise fees and royalties	805			3,422			—			—			4,227
International Association assessments and other fees	286			662			8,653			(9,601		)	—
Total revenues	240,988			20,510			13,611			(9,601		)	265,508
Operating Costs and Expenses:
Company store operating costs:
Cost of food and beverage	25,390			3,244			591			—			29,225
Cost of entertainment and merchandise	7,620			753			149			—			8,522
Total cost of food, beverage, entertainment and merchandise	33,010			3,997			740			—			37,747
Labor expenses	61,732			3,930			1,511			—			67,173
Depreciation and amortization	27,619			1,114			508			—			29,241
Rent expense	22,303			1,494			661			—			24,458
Other store operating expenses	31,509			1,830			1,128			(948		)	33,519
Total company store operating costs	176,173			12,365			4,548			(948		)	192,138
Advertising expense	9,141			1,060			9,904			(8,653		)	11,452
General and administrative expenses	4,893			12,180			117			—			17,190
Transaction and severance costs	—			41			—			—			41
Total operating costs and expenses	190,207			25,646			14,569			(9,601		)	220,821
Operating income (loss)	50,781			(5,136		)	(958		)	—			44,687
Equity in earnings (loss) in affiliates	(7,769		)	—			—			7,769			—
Interest expense (income)	16,737			633			129			—			17,499
Income (loss) before income taxes	26,275			(5,769		)	(1,087		)	7,769			27,188
Income tax expense (benefit)	11,533			1,328			(415		)	—			12,446
Net income (loss)	$	14,742		$	(7,097	)	$	(672	)	$	7,769		$	14,742
Components of other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	$	(1,642	)	$	—		$	(1,642	)	$	1,642		$	(1,642	)
Total components of other comprehensive income (loss), net of tax	(1,642		)	—			(1,642		)	1,642			(1,642		)
Comprehensive income (loss)	$	13,100		$	(7,097	)	$	(2,314	)	$	9,411		$	13,100

CEC Entertainment, Inc.
Consolidating Statement of Comprehensive Income (Loss)
For the 44 Day Period Ended March 30, 2014
(in thousands)
	Successor
	Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Revenues:
Food and beverage sales	$	60,896		$	55		$	1,326		$	—		$	62,277
Entertainment and merchandise sales	76,538			—			2,075			—			78,613
Total company store sales	137,434			55			3,401			—			140,890
Franchise fees and royalties	335			351			—			—			686
International Association assessments and other fees	294			4,336			7,483			(12,113		)	—
Total revenues	138,063			4,742			10,884			(12,113		)	141,576
Operating Costs and Expenses:
Company store operating costs:
Cost of food and beverage	15,347			(16		)	366			—			15,697
Cost of entertainment and merchandise	4,733			(7		)	124			(20		)	4,830
Total cost of food, beverage, entertainment and merchandise	20,080			(23		)	490			(20		)	20,527
Labor expenses	31,061			—			887			—			31,948
Depreciation and amortization	18,118			—			357			—			18,475
Rent expense	7,456			—			254			—			7,710
Other store operating expenses	20,184			3			537			(4,085		)	16,639
Total company store operating costs	96,899			(20		)	2,525			(4,105		)	95,299
Advertising expense	7,579			(17		)	5,041			(7,466		)	5,137
General and administrative expenses	3,132			4,059			179			(542		)	6,828
Transaction and severance costs	31,679			6,000			—			—			37,679
Total operating costs and expenses	139,289			10,022			7,745			(12,113		)	144,943
Operating income (loss)	(1,226		)	(5,280		)	3,139			—			(3,367		)
Equity in earnings (loss) in affiliates	1,483			—			—			(1,483		)	—
Interest expense (income)	8,614			3,342			87			—			12,043
Income (loss) before income taxes	(8,357		)	(8,622		)	3,052			(1,483		)	(15,410		)
Income tax expense (benefit)	5,515			(7,961		)	908			—			(1,538		)
Net income (loss)	$	(13,872	)	$	(661	)	$	2,144		$	(1,483	)	$	(13,872	)
Components of other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	$	(112	)	$	—		$	(112	)	$	112		$	(112	)
Total components of other comprehensive income (loss), net of tax	(112		)	—			(112		)	112			(112		)
Comprehensive income (loss)	$	(13,984	)	$	(661	)	$	2,032		$	(1,371	)	$	(13,984	)

CEC Entertainment, Inc.
Consolidating Statement of Comprehensive Income (Loss)
For the 47 Day Period Ended February 14, 2014
(in thousands)
	Predecessor
	Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Revenues:
Food and beverage sales	$	49,803		$	32		$	1,062		$	—		$	50,897
Entertainment and merchandise sales	61,082			—			1,577			—			62,659
Total company store sales	110,885			32			2,639			—			113,556
Franchise fees and royalties	353			334			—			—			687
International Association assessments and other fees	—			4,558			6,095			(10,653		)	—
Total revenues	111,238			4,924			8,734			(10,653		)	114,243
Operating Costs and Expenses:
Company store operating costs:
Cost of food and beverage	11,924			25			336			—			12,285
Cost of entertainment and merchandise	3,618			—			131			(20		)	3,729
Total cost of food, beverage, entertainment and merchandise	15,542			25			467			(20		)	16,014
Labor expenses	31,107			—			891			—			31,998
Depreciation and amortization	9,430			—			303			—			9,733
Rent expense	11,962			—			403			—			12,365
Other store operating expenses	20,193			(44		)	(82		)	(4,307		)	15,760
Total company store operating costs	88,234			(19		)	1,982			(4,327		)	85,870
Advertising expense	6,144			17			5,853			(6,111		)	5,903
General and administrative expenses	4,124			3,863			191			(215		)	7,963
Transaction and severance costs	1,800			9,834			—			—			11,634
Total operating costs and expenses	100,302			13,695			8,026			(10,653		)	111,370
Operating income (loss)	10,936			(8,771		)	708			—			2,873
Equity in earnings (loss) in affiliates	(4,523		)	—			—			4,523			—
Interest expense (income)	1,822			(771		)	100			—			1,151
Income (loss) before income taxes	4,591			(8,000		)	608			4,523			1,722
Income tax expense (benefit)	3,887			(3,040		)	171			—			1,018
Net income (loss)	$	704		$	(4,960	)	$	437		$	4,523		$	704
Components of other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	$	(541	)	$	—		$	(541	)	$	541		$	(541	)
Total components of other comprehensive income (loss), net of tax	(541		)	—			(541		)	541			(541		)
Comprehensive income (loss)	$	163		$	(4,960	)	$	(104	)	$	5,064		$	163

Condensed Consolidating Cash Flow Statement

CEC Entertainment, Inc.
Consolidating Statement of Cash Flows
For the Three Months Ended March 29, 2015
(in thousands)
	Successor
	Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Cash flows provided by (used in) operating activities:	$	53,409		$	2,476		$	4,663		$	—		$	60,548
Cash flows from investing activities:
Acquisition of Peter Piper Pizza	(663		)	—			—			—			(663		)
Intercompany note	(96		)	2,500			—			(2,404		)	—
Purchases of property and equipment	(14,451		)	(1,023		)	(635		)	—			(16,109		)
Proceeds from sale of property and equipment	97			—			—			—			97
Development of internal use software	—			(185		)	—			—			(185		)
Cash flows provided by (used in) investing activities	(15,113		)	1,292			(635		)	(2,404		)	(16,860		)
Cash flows from financing activities:
Repayments on senior term loan	(1,900		)	—			—			—			(1,900		)
Repayments on note payable	—			(11		)	—			—			(11		)
Intercompany note	—			96			(2,500		)	2,404			—
Payments on capital lease obligations	(100		)	—			—			—			(100		)
Payments on sale leaseback transactions	(386		)	—			—			—			(386		)
Cash flows provided by (used in) financing activities	(2,386		)	85			(2,500		)	2,404			(2,397		)
Effect of foreign exchange rate changes on cash	—			—			(661		)	—			(661		)
Change in cash and cash equivalents	35,910			3,853			867			—			40,630
Cash and cash equivalents at beginning of period	97,020			6,427			7,547			—			110,994
Cash and cash equivalents at end of period	$	132,930		$	10,280		$	8,414		$	—		$	151,624

CEC Entertainment, Inc.
Consolidating Statement of Cash Flows
For the 44 Day Period Ended March 30, 2014
(in thousands)
	Successor
	Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Cash flows provided by (used in) operating activities:	$	17,463		$	723		$	(202	)	$	—		$	17,984
Cash flows from investing activities:
Acquisition of Predecessor	(946,898		)	—			—			—			(946,898		)
Intercompany note	—			348,969			—			(348,969		)	—
Purchases of property and equipment	(4,683		)	(1,762		)	(56		)	—			(6,501		)
Proceeds from sale of property and equipment	—			98			—			—			98
Cash flows provided by (used in) investing activities	(951,581		)	347,305			(56		)	(348,969		)	(953,301		)
Cash flows from financing activities:
Proceeds from secured credit facilities, net of original issue discount	756,200			—			—			—			756,200
Proceeds from senior notes	255,000			—			—			—			255,000
Repayment of Predecessor Facility	—			(348,000		)	—			—			(348,000		)
Intercompany note	(346,628		)	384			(2,725		)	348,969			—
Payment of debt financing costs	(27,575		)	—			—			—			(27,575		)
Payments on capital lease obligations	(26		)	—			—			—			(26		)
Dividends paid	(890		)	—			—			—			(890		)
Excess tax benefit realized from stock-based compensation	5,043			—			—			—			5,043
Equity contribution	350,000			—			—			—			350,000
Cash flows provided by (used in) financing activities	991,124			(347,616		)	(2,725		)	348,969			989,752
Effect of foreign exchange rate changes on cash	—			—			(59		)	—			(59		)
Change in cash and cash equivalents	57,006			412			(3,042		)	—			54,376
Cash and cash equivalents at beginning of period	6,653			120			12,411			—			19,184
Cash and cash equivalents at end of period	$	63,659		$	532		$	9,369		$	—		$	73,560

CEC Entertainment, Inc.
Consolidating Statement of Cash Flows
For the 47 Day Period Ended February 14, 2014
(in thousands)
	Predecessor
	Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Cash flows provided by (used in) operating activities:	$	(12,224	)	$	29,906		$	4,632		$	—		$	22,314
Cash flows from investing activities:
Intercompany note	—			(17,601		)	—			17,601			—
Purchases of property and equipment	(8,538		)	(1,082		)	(90		)	—			(9,710		)
Proceeds from sale of property and equipment	(2		)	53			—			—			51
Cash flows provided by (used in) investing activities	(8,540		)	(18,630		)	(90		)	17,601			(9,659		)
Cash flows from financing activities:
Net proceeds from (repayments on) revolving credit facility	—			(13,500		)	—			—			(13,500		)
Intercompany note	17,571			430			(400		)	(17,601		)	—
Payments on capital lease obligations	(153		)	—			(11		)	—			(164		)
Dividends paid	(38		)	—			—			—			(38		)
Restricted stock returned for payment of taxes	(142		)	—			—			—			(142		)
Cash flows provided by (used in) financing activities	17,238			(13,070		)	(411		)	(17,601		)	(13,844		)
Effect of foreign exchange rate changes on cash	—			—			(313		)	—			(313		)
Change in cash and cash equivalents	(3,526		)	(1,794		)	3,818			—			(1,502		)
Cash and cash equivalents at beginning of period	10,177			1,914			8,595			—			20,686
Cash and cash equivalents at end of period	$	6,651		$	120		$	12,413		$	—		$	19,184

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Subsequent Events (Details) (Peter Piper Pizza [Member], USD $) In Millions, unless otherwise specified	0 Months Ended
	Oct. 15, 2014
Peter Piper Pizza [Member]
Subsequent Event [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	$ 113.1

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Indebtedness and Interest Expense - Interest Expense (Details) (USD $) In Thousands, unless otherwise specified	1 Months Ended	2 Months Ended	3 Months Ended
	Mar. 30, 2014	Feb. 14, 2014	Mar. 29, 2015
Predecessor [Member]
Debt Instrument [Line Items]
InteretExpenseSaleLeaseback	$ 473	$ 58	$ 1,001
Amortization of debt issuance costs	9	73	196
Interest expense		1,151
Predecessor [Member] | Term Loan Facility [Member]
Debt Instrument [Line Items]
Interest Expense, Debt	4,181	0	7,907
Predecessor [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Interest expense, excluding amortization	2,283	0	5,157
Predecessor [Member] | Predecessor Facility [Member]
Debt Instrument [Line Items]
Interest expense, excluding amortization	0	745	0
Predecessor [Member] | Bridge Loan [Member]
Debt Instrument [Line Items]
Interest expense, excluding amortization	4,943	0	0
Predecessor [Member] | Capital Lease Obligations [Member]
Debt Instrument [Line Items]
Interest expense, excluding amortization	154	275	455
Predecessor [Member] | Sale Leaseback Obligations [Member]
Debt Instrument [Line Items]
Capital Leases, Income Statement, Interest Expense	0	0	2,783
Successor [Member]
Debt Instrument [Line Items]
Interest expense	12,043		17,499
Bridge Loan Facility [Member]
Debt Instrument [Line Items]
Interest Expense, Debt	4,900
Bridge Loan Facility [Member] | Bridge Loan [Member]
Debt Instrument [Line Items]
Interest Expense, Debt	$ 200
London Interbank Offered Rate (LIBOR) [Member] | The Senior Secured Credit Facilities [Member]
Debt Instrument [Line Items]
Debt Instrument, Additional Margin on Basis Spread of Variable Rate		3.00%

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Description of Business and Summary of Significant Accounting Policies - Goodwill and Other Intangible Assets (Details)	3 Months Ended
	Mar. 29, 2015
Franchise Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	25 years
Favorable Lease Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	10 years

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Acquisition of CEC Entertainment, Inc. - Narrative (Details) (CEC Entertainment, Inc. [Member], USD $)	0 Months Ended
	Feb. 14, 2014	Sep. 28, 2014	Feb. 14, 2014	Jan. 15, 2014
Business Acquisition [Line Items]
Business Combination, Percentage of Outstanding Shares Tendered for Purchase in Merger Agreement	68.00%		68.00%
Business Acquisition, Percentage of Voting Interests Acquired	90.00%		90.00%
Business Acquisition, Share Price				$ 54.00
Business Combination, Consideration Transferred	$ 1,400,000,000
Business Combination, Consideration Transferred, Transaction and Debt Issuance Costs	65,000,000
Proceeds from Equity Method Investment, Dividends or Distributions	350,000,000
Business Acquisition, Goodwill, Expected Tax Deductible Amount		2,900,000
Bridge Loan [Member]
Business Acquisition [Line Items]
Business Combination, Consideration Transferred, Liabilities Incurred	248,500,000
Senior Notes [Member]
Business Acquisition [Line Items]
Business Combination, Consideration Transferred, Liabilities Incurred	255,000,000
Term Loan Facility [Member]
Business Acquisition [Line Items]
Business Combination, Consideration Transferred, Liabilities Incurred	760,000,000
Revolving Credit Facility [Member]
Business Acquisition [Line Items]
Maximum borrowing capacity of revolving credit facility	$ 150,000,000		150,000,000

XML

Description of Business and Summary of Significant Accounting Policies

3 Months Ended

Mar. 29, 2015

Accounting Policies [Abstract]

Description of Business and Summary of Significant Accounting Policies:

Description of Business and Summary of Significant Accounting Policies:

Description of Business

The use of the terms “CEC Entertainment,” the “Company,” “we,” “us” and “our” throughout these unaudited notes to the interim Consolidated Financial Statements refer to CEC Entertainment, Inc. and its subsidiaries.

We currently operate and franchise Chuck E. Cheese’s and Peter Piper Pizza family dining and entertainment centers (also referred to as “stores”) in a total of 47 states and 11 foreign countries and territories. Our stores provide our guests with a variety of family entertainment and dining alternatives. All of our stores utilize a consistent restaurant-entertainment format that features both family dining and entertainment areas with the same general mix of food, beverages, entertainment and merchandise. The economic characteristics, products and services, preparation processes, distribution methods and types of customers are substantially similar for each of our stores. Therefore, we aggregate each store’s operating performance into one reportable segment for financial reporting purposes.

Basis of Presentation

The accompanying interim Consolidated Financial Statements are presented for two periods, Predecessor and Successor, which relate to the accounting periods preceding and succeeding the completion of the Merger. The Predecessor and Successor periods have been separated by a vertical line on the face of the Consolidated Financial Statements to highlight the fact that the financial information for such periods has been prepared under two different historical cost bases of accounting. For the purpose of presentation and disclosure, all references to the “Predecessor” relate to CEC Entertainment and its subsidiaries for periods prior to the Merger. All references to the “Successor” relate to CEC Entertainment and its subsidiaries, after giving effect to the Merger, for periods subsequent to the Merger. References to “CEC Entertainment,” the “Company,” “we,” “us” and “our” relate to the Predecessor for periods prior to the Merger and to the Successor for periods subsequent to the Merger.

In connection with our Sale Leaseback Transaction that occurred in August 2014, the Company assigned a portion of its rights in the resulting purchase and sale agreement to a newly formed special purpose entity, a VIE, created by a Qualified Intermediary to facilitate a like-kind exchange pursuant to Internal Revenue Code Section 1031. The assignment resulted in $12.1 million of the sales proceeds from the transaction being received by the VIE. We included the VIE in our Consolidated Financial Statements for the fiscal year ended December 28, 2014. In February 2015, we acquired the VIE, along with its capital improvements and remaining cash balance. The assets, liabilities and operating results of the acquired VIE are not material to our Consolidated Financial Statements.

The Company has a controlling financial interest in International Association of CEC Entertainment, Inc. (the “Association”), a VIE. The Association primarily administers the collection and disbursement of funds (the “Association Funds”) used for advertising, entertainment and media programs that benefit both us and our franchisees. We and our franchisees are required to contribute a percentage of gross sales to these funds and could be required to make additional contributions to fund any deficits that may be incurred by the Association. We include the Association in our Consolidated Financial Statements, as we concluded that we are the primary beneficiary of its variable interests because we (a) have the power to direct the majority of its significant operating activities; (b) provide it unsecured lines of credit; and (c) own the majority of the stores that benefit from the Association’s advertising, entertainment and media expenditures. The assets, liabilities and operating results of the Association are not material to our Consolidated Financial Statements.

Because the Association Funds are required to be segregated and used for specified purposes, we do not reflect franchisee contributions to the Association Funds as revenue, but rather record franchisee contributions as an offset to reported advertising expenses. Our contributions to the Association Funds are eliminated in consolidation. Contributions to the advertising, entertainment and media funds from our franchisees were $0.6 million for the three months ended March 29, 2015, $0.4 million for the 44 day period endedMarch 30, 2014 and $0.4 million for the 47 day period endedFebruary 14, 2014 .

The preparation of these unaudited Consolidated Financial Statements in conformity with accounting principles generally accepted in the United States (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of our unaudited Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Interim Financial Statements

The accompanying Consolidated Financial Statements as of March 29, 2015 and for the three months ended March 29,2015, the 44 day period endedMarch 30, 2014 and the 47 day period endedFebruary 14, 2014, are unaudited and are presented in accordance with the requirements for quarterly reports on Form 10-Q and, consequently, do not include all of the information and footnote disclosures required by GAAP. In the opinion of management, the Company’s Consolidated Financial Statements include all adjustments (consisting solely of normal recurring adjustments) necessary for the fair statement of its consolidated results of operations, financial position and cash flows as of the dates and for the periods presented in accordance with GAAP and the rules and regulations of the United States Securities and Exchange Commission (the “SEC”). Our Consolidated Financial Statements include all necessary reclassification adjustments to conform prior year results to the current period presentation.

Consolidated results of operations for interim periods are not necessarily indicative of results for the full year. The unaudited Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and related notes included in our Annual Report on Form 10-K for the fiscal year ended December 28, 2014, filed with the SEC on March 5, 2015.

Recently Issued Accounting Guidance

Accounting Guidance Not Yet Adopted: In January 2015, the FASB issued ASU 2015-01, Income Statement - Extraordinary and Unusual Items (Subtopic 225-20). This amendment eliminates the income statement concept of extraordinary items and the requirements for entities to consider whether an underlying event or transaction is extraordinary. This amendment is effective for fiscal years beginning after December 15, 2015, including interim periods therein. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. We do not expect the adoption of this amendment to have a significant impact on our Consolidated Financial Statements.

In April 2015, the FASB issued ASU 2015-03, Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. This amendment requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by this amendment. This amendment is effective for fiscal years beginning after December 15, 2015, including interim periods therein. The amendment should be applied on a retrospective basis, wherein the balance sheet of each individual period should be adjusted to reflect the period-specific effects of applying the new guidance. Early adoption is permitted for financial statements that have not been previously issued. As of March 29, 2015, we have $23.1 million of net deferred financing costs that would be reclassified from a long-term asset to a reduction in the carrying amount of our debt.

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Acquisition of CEC Entertainment, Inc. - Value of Net Assets Acquired (Details) (CEC Entertainment, Inc. [Member], USD $) In Thousands, unless otherwise specified	0 Months Ended
	Feb. 14, 2014		Feb. 14, 2014
CEC Entertainment, Inc. [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross	$ 946,898
Cash and cash equivalents	19,184		19,184
Accounts receivable	22,185		22,185
Inventories	21,696		21,696
Other current assets	16,463		16,463
Property, plant and equipment	718,066		718,066
Property under capital lease	15,530		15,530
Favorable lease interests	14,000		14,000
Chuck E. Cheese's tradename	400,000		400,000
Franchise agreements	14,000		14,000
Other non-current assets	9,872		9,872
Indebtedness	(348,000)		(348,000)
Capital Leases	(15,530)		(15,530)
Unfavorable lease interests	(10,160)		(10,160)
Deferred taxes	(268,946)		(268,946)
Other current and non-current liabilities	(93,520)		(93,520)
Net assets acquired	514,840		514,840
Excess purchase price allocated to goodwill	$ 432,058	[1]	$ 432,058	[1]

[1] {F|ahBzfndlYmZpbGluZ3MtaHJkcmoLEgZYTUxEb2MiXlhCUkxEb2NHZW5JbmZvOjBhMzRlNGVkN2ZhNTRmMzI5M2JmODg2MGIwZWExMmQyfFRleHRTZWxlY3Rpb246QTlFRkI1NUUxREIzQjA5NjUyMUMyOTg1QkVGMkY4OEQM}

XML

Goodwill and Intangible Assets - Schedule of Indefinite and Definite-lived Intangible Assets (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 29, 2015	Dec. 28, 2014
Favorable Lease Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	10 years
Franchise Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	25 years
Successor [Member]
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	$ 494,880
Finite-lived intangible assets - accumulated amortization	(3,669)
Intangible assets, net	491,211	491,400
Unfavorable lease, Acquired	10 years
Successor [Member] | Favorable Lease Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets - gross carrying amounts	14,880
Finite-lived intangible assets - accumulated amortization	(2,135)
Finite-lived intangible assets, net	12,745
Successor [Member] | Franchise Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets - gross carrying amounts	53,300
Finite-lived intangible assets - accumulated amortization	(1,534)
Finite-lived intangible assets, net	51,766
Chuck E. Cheese [Member] | Successor [Member] | Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	400,000
Peter Piper Pizza [Member] | Successor [Member] | Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	26,700
Trade Names [Member] | Chuck E. Cheese [Member] | Successor [Member]
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	400,000
Trade Names [Member] | Peter Piper Pizza [Member] | Successor [Member]
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	$ 26,700

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Condensed Consolidating Schedules - Balance Sheet (Details) (USD $)	Dec. 28, 2014	Feb. 14, 2014	Dec. 29, 2013	Mar. 29, 2015	Sep. 28, 2014	Mar. 30, 2014
Predecessor [Member]
Current assets:
Cash and cash equivalents	$ 110,994,000	$ 19,184,000	$ 20,686,000
Accounts receivable	18,835,000
Inventories	18,979,000
Other current assets	24,837,000
Total current assets	173,645,000
Property and equipment, net	681,972,000
Goodwill	483,444,000
Intangible assets, net	491,400,000
Intercompany	0
Investment in subsidiaries	0
Other noncurrent assets	33,682,000
Total assets	1,864,143,000
Current liabilities:
Capital lease obligations, current portion	408,000
Accounts payable and accrued expenses	104,252,000
Other current liabilities	2,990,000
Total current liabilities	117,195,000
Capital lease obligations, less current portion	15,476,000
Bank indebtedness and other long-term debt, less current portion	998,441,000
Deferred tax liability	222,915,000
Intercompany	0
Other noncurrent liabilities	217,530,000
Total liabilities	1,571,557,000
Stockholders’ equity:
Common stock	0
Capital in excess of par value	355,587,000
Retained earnings (deficit)	(62,088,000)
Accumulated other comprehensive income (loss)	(913,000)
Total stockholders’ equity	292,586,000
Total liabilities and stockholders’ equity	1,864,143,000
Predecessor [Member] | Issuer
Current assets:
Cash and cash equivalents	97,020,000	6,651,000	10,177,000
Accounts receivable	13,209,000
Inventories	15,008,000
Other current assets	19,086,000
Total current assets	144,323,000
Property and equipment, net	638,239,000
Goodwill	432,462,000
Intangible assets, net	24,649,000
Intercompany	129,429,000
Investment in subsidiaries	428,836,000
Other noncurrent assets	27,770,000
Total assets	1,825,708,000
Current liabilities:
Capital lease obligations, current portion	405,000
Accounts payable and accrued expenses	82,995,000
Other current liabilities	2,990,000
Total current liabilities	95,890,000
Capital lease obligations, less current portion	15,395,000
Bank indebtedness and other long-term debt, less current portion	998,374,000
Deferred tax liability	207,258,000
Intercompany	6,309,000
Other noncurrent liabilities	209,896,000
Total liabilities	1,533,122,000
Stockholders’ equity:
Common stock	0
Capital in excess of par value	355,587,000
Retained earnings (deficit)	(62,088,000)
Accumulated other comprehensive income (loss)	(913,000)
Total stockholders’ equity	292,586,000
Total liabilities and stockholders’ equity	1,825,708,000
Predecessor [Member] | Guarantors
Current assets:
Cash and cash equivalents	6,427,000	120,000	1,914,000
Accounts receivable	5,487,000
Inventories	3,596,000
Other current assets	3,711,000
Total current assets	19,221,000
Property and equipment, net	33,064,000
Goodwill	50,982,000
Intangible assets, net	466,751,000
Intercompany	25,090,000
Investment in subsidiaries	0
Other noncurrent assets	5,875,000
Total assets	600,983,000
Current liabilities:
Capital lease obligations, current portion	0
Accounts payable and accrued expenses	21,989,000
Other current liabilities	0
Total current liabilities	22,034,000
Capital lease obligations, less current portion	0
Bank indebtedness and other long-term debt, less current portion	67,000
Deferred tax liability	14,877,000
Intercompany	126,497,000
Other noncurrent liabilities	7,472,000
Total liabilities	170,947,000
Stockholders’ equity:
Common stock	0
Capital in excess of par value	465,451,000
Retained earnings (deficit)	(35,415,000)
Accumulated other comprehensive income (loss)	0
Total stockholders’ equity	430,036,000
Total liabilities and stockholders’ equity	600,983,000
Predecessor [Member] | Non-Guarantors
Current assets:
Cash and cash equivalents	7,547,000	12,413,000	8,595,000
Accounts receivable	3,797,000
Inventories	375,000
Other current assets	2,040,000
Total current assets	13,759,000
Property and equipment, net	10,669,000
Goodwill	0
Intangible assets, net	0
Intercompany	32,655,000
Investment in subsidiaries	0
Other noncurrent assets	37,000
Total assets	57,120,000
Current liabilities:
Capital lease obligations, current portion	3,000
Accounts payable and accrued expenses	(248,000)
Other current liabilities	0
Total current liabilities	(245,000)
Capital lease obligations, less current portion	81,000
Bank indebtedness and other long-term debt, less current portion	0
Deferred tax liability	780,000
Intercompany	57,542,000
Other noncurrent liabilities	162,000
Total liabilities	58,320,000
Stockholders’ equity:
Common stock	0
Capital in excess of par value	3,089,000
Retained earnings (deficit)	(3,376,000)
Accumulated other comprehensive income (loss)	(913,000)
Total stockholders’ equity	(1,200,000)
Total liabilities and stockholders’ equity	57,120,000
Successor [Member]
Current assets:
Cash and cash equivalents	110,994,000			151,624,000		73,560,000
Accounts receivable	18,835,000			14,508,000
Inventories	18,979,000			19,538,000
Other current assets				22,353,000
Total current assets	173,645,000			208,023,000
Property and equipment, net	681,972,000			667,897,000
Goodwill	483,444,000			483,983,000
Intangible assets, net	491,400,000			491,211,000
Intercompany				0
Investment in subsidiaries				0
Other noncurrent assets				32,963,000
Total assets	1,864,143,000			1,884,077,000
Current liabilities:
Bank indebtedness and other long-term debt, current portion	9,545,000			9,545,000
Capital lease obligations, current portion	408,000			405,000
Accounts payable and accrued expenses				125,012,000
Other current liabilities	2,990,000			2,989,000
Total current liabilities	117,195,000			137,951,000
Capital lease obligations, less current portion	15,476,000			15,371,000
Bank indebtedness and other long-term debt, less current portion	998,441,000			996,665,000
Deferred tax liability	222,915,000			209,923,000
Intercompany				0
Other noncurrent liabilities				218,086,000
Total liabilities	1,571,557,000			1,577,996,000
Stockholders’ equity:
Common stock	0			0
Capital in excess of par value				355,982,000
Retained earnings (deficit)				(47,346,000)
Accumulated other comprehensive income (loss)				(2,555,000)
Total stockholders’ equity	292,586,000			306,081,000	306,081,000
Total liabilities and stockholders’ equity	1,864,143,000			1,884,077,000
Successor [Member] | Issuer
Current assets:
Cash and cash equivalents	97,020,000			132,930,000		63,659,000
Accounts receivable				12,010,000
Inventories				13,342,000
Other current assets				17,357,000
Total current assets				175,639,000
Property and equipment, net				624,306,000
Goodwill				432,462,000
Intangible assets, net				23,988,000
Intercompany				129,525,000
Investment in subsidiaries				420,089,000
Other noncurrent assets				26,755,000
Total assets				1,832,764,000
Current liabilities:
Bank indebtedness and other long-term debt, current portion	9,500,000			9,500,000
Capital lease obligations, current portion				402,000
Accounts payable and accrued expenses				94,962,000
Other current liabilities				2,989,000
Total current liabilities				107,853,000
Capital lease obligations, less current portion				15,297,000
Bank indebtedness and other long-term debt, less current portion				996,608,000
Deferred tax liability				193,540,000
Intercompany				3,845,000
Other noncurrent liabilities				209,540,000
Total liabilities				1,526,683,000
Stockholders’ equity:
Common stock				0
Capital in excess of par value				355,982,000
Retained earnings (deficit)				(47,346,000)
Accumulated other comprehensive income (loss)				(2,555,000)
Total stockholders’ equity				306,081,000
Total liabilities and stockholders’ equity				1,832,764,000
Successor [Member] | Guarantors
Current assets:
Cash and cash equivalents	6,427,000			10,280,000		532,000
Accounts receivable				1,718,000
Inventories				5,864,000
Other current assets				3,358,000
Total current assets				21,220,000
Property and equipment, net				33,619,000
Goodwill				51,521,000
Intangible assets, net				467,223,000
Intercompany				23,662,000
Investment in subsidiaries				0
Other noncurrent assets				6,162,000
Total assets				603,407,000
Current liabilities:
Bank indebtedness and other long-term debt, current portion	45,000			45,000
Capital lease obligations, current portion				0
Accounts payable and accrued expenses				25,672,000
Other current liabilities				0
Total current liabilities				25,717,000
Capital lease obligations, less current portion				0
Bank indebtedness and other long-term debt, less current portion				57,000
Deferred tax liability				15,727,000
Intercompany				129,945,000
Other noncurrent liabilities				8,357,000
Total liabilities				179,803,000
Stockholders’ equity:
Common stock				0
Capital in excess of par value				466,114,000
Retained earnings (deficit)				(42,510,000)
Accumulated other comprehensive income (loss)				0
Total stockholders’ equity				423,604,000
Total liabilities and stockholders’ equity				603,407,000
Successor [Member] | Non-Guarantors
Current assets:
Cash and cash equivalents	7,547,000			8,414,000		9,369,000
Accounts receivable				4,002,000
Inventories				332,000
Other current assets				1,638,000
Total current assets				14,386,000
Property and equipment, net				9,972,000
Goodwill				0
Intangible assets, net				0
Intercompany				0
Investment in subsidiaries				0
Other noncurrent assets				46,000
Total assets				24,404,000
Current liabilities:
Bank indebtedness and other long-term debt, current portion	0			0
Capital lease obligations, current portion				3,000
Accounts payable and accrued expenses				4,378,000
Other current liabilities				0
Total current liabilities				4,381,000
Capital lease obligations, less current portion				74,000
Bank indebtedness and other long-term debt, less current portion				0
Deferred tax liability				656,000
Intercompany				22,619,000
Other noncurrent liabilities				189,000
Total liabilities				27,919,000
Stockholders’ equity:
Common stock				0
Capital in excess of par value				3,241,000
Retained earnings (deficit)				(4,201,000)
Accumulated other comprehensive income (loss)				(2,555,000)
Total stockholders’ equity				(3,515,000)
Total liabilities and stockholders’ equity				24,404,000
Eliminations | Predecessor [Member]
Current assets:
Cash and cash equivalents	0	0	0
Accounts receivable	(3,658,000)
Inventories	0
Other current assets	0
Total current assets	(3,658,000)
Property and equipment, net	0
Goodwill	0
Intangible assets, net	0
Intercompany	(187,174,000)
Investment in subsidiaries	(428,836,000)
Other noncurrent assets	0
Total assets	(619,668,000)
Current liabilities:
Capital lease obligations, current portion	0
Accounts payable and accrued expenses	(484,000)
Other current liabilities	0
Total current liabilities	(484,000)
Capital lease obligations, less current portion	0
Bank indebtedness and other long-term debt, less current portion	0
Deferred tax liability	0
Intercompany	(190,348,000)
Other noncurrent liabilities	0
Total liabilities	(190,832,000)
Stockholders’ equity:
Common stock	0
Capital in excess of par value	(468,540,000)
Retained earnings (deficit)	38,791,000
Accumulated other comprehensive income (loss)	913,000
Total stockholders’ equity	(428,836,000)
Total liabilities and stockholders’ equity	(619,668,000)
Eliminations | Successor [Member]
Current assets:
Cash and cash equivalents	0			0
Accounts receivable				(3,222,000)
Inventories				0
Other current assets				0
Total current assets				(3,222,000)
Property and equipment, net				0
Goodwill				0
Intangible assets, net				0
Intercompany				(153,187,000)
Investment in subsidiaries				(420,089,000)
Other noncurrent assets				0
Total assets				(576,498,000)
Current liabilities:
Bank indebtedness and other long-term debt, current portion	0			0
Capital lease obligations, current portion				0
Accounts payable and accrued expenses				0
Other current liabilities				0
Total current liabilities				0
Capital lease obligations, less current portion				0
Bank indebtedness and other long-term debt, less current portion				0
Deferred tax liability				0
Intercompany				(156,409,000)
Other noncurrent liabilities				0
Total liabilities				(156,409,000)
Stockholders’ equity:
Common stock				0
Capital in excess of par value				(469,355,000)
Retained earnings (deficit)				46,711,000
Accumulated other comprehensive income (loss)				2,555,000
Total stockholders’ equity				(420,089,000)
Total liabilities and stockholders’ equity				$ (576,498,000)

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Consolidated Balance Sheets (USD $)	Mar. 29, 2015	Dec. 28, 2014
Successor [Member]
Current assets:
Cash and cash equivalents	$ 151,624,000	$ 110,994,000
Accounts receivable	14,508,000	18,835,000
Inventories	19,538,000	18,979,000
Prepaid expenses	18,410,000	20,894,000
Deferred tax asset	3,943,000	3,943,000
Total current assets	208,023,000	173,645,000
Property and equipment, net	667,897,000	681,972,000
Goodwill	483,983,000	483,444,000
Intangible assets, net	491,211,000	491,400,000
Deferred financing costs, net	23,085,000	24,087,000
Other noncurrent assets	9,878,000	9,595,000
Total assets	1,884,077,000	1,864,143,000
Current liabilities:
Bank indebtedness and other long-term debt, current portion	9,545,000	9,545,000
Capital lease obligations, current portion	405,000	408,000
Accounts payable	42,926,000	43,633,000
Accrued expenses	62,131,000	35,561,000
Unearned revenues	9,209,000	8,906,000
Accrued interest	10,746,000	16,152,000
Other current liabilities	2,989,000	2,990,000
Total current liabilities	137,951,000	117,195,000
Capital lease obligations, less current portion	15,371,000	15,476,000
Bank indebtedness and other long-term debt, less current portion	996,665,000	998,441,000
Deferred tax liability	209,923,000	222,915,000
Accrued insurance	9,901,000	12,146,000
Other noncurrent liabilities	208,185,000	205,384,000
Total liabilities	1,577,996,000	1,571,557,000
Stockholders’ equity:
Common stock	0	0
Capital in excess of par value	355,982,000
Retained earnings (deficit)	(47,346,000)
Accumulated other comprehensive income (loss)	(2,555,000)
Total stockholders’ equity	306,081,000	292,586,000
Total liabilities and stockholders’ equity	1,884,077,000	1,864,143,000
Predecessor [Member]
Current assets:
Cash and cash equivalents		110,994,000
Accounts receivable		18,835,000
Inventories		18,979,000
Total current assets		173,645,000
Property and equipment, net		681,972,000
Goodwill		483,444,000
Intangible assets, net		491,400,000
Total assets		1,864,143,000
Current liabilities:
Capital lease obligations, current portion		408,000
Other current liabilities		2,990,000
Total current liabilities		117,195,000
Capital lease obligations, less current portion		15,476,000
Bank indebtedness and other long-term debt, less current portion		998,441,000
Deferred tax liability		222,915,000
Total liabilities		1,571,557,000
Stockholders’ equity:
Common stock		0
Capital in excess of par value		355,587,000
Retained earnings (deficit)		(62,088,000)
Accumulated other comprehensive income (loss)		(913,000)
Total stockholders’ equity		292,586,000
Total liabilities and stockholders’ equity		$ 1,864,143,000

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Fair Value of Financial Instruments (Details) (USD $) In Thousands, unless otherwise specified	Mar. 29, 2015	Dec. 28, 2014
Successor [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Bank indebtedness and other long-term debt, less current portion	$ 996,665	$ 998,441
Successor [Member] | Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Bank indebtedness and other long-term debt, less current portion		998,441
Successor [Member] | Estimate of Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Bank indebtedness and other long-term debt, less current portion	989,540	974,084
Predecessor [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Bank indebtedness and other long-term debt, less current portion		$ 998,441

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Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	3 Months Ended	1 Months Ended	2 Months Ended
	Mar. 29, 2015	Mar. 30, 2014	Feb. 14, 2014
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of Notes Payable	$ (11)
Predecessor [Member]
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)			704
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization			9,883
Deferred income taxes			(1,785)
Stock-based compensation expense			12,225
Amortization of lease-related liabilities			(356)
Amortization of original issue discount and deferred financing costs			58
Loss on asset disposals, net			294
Other adjustments			144
Changes in operating assets and liabilities:
Accounts receivable			1,503
Inventories			(2,472)
Prepaid expenses			2,656
Accounts payable			(270)
Accrued expenses			(2,403)
Unearned revenues			349
Accrued interest			152
Income taxes payable			2,898
Net Cash Provided by (Used in) Operating Activities			22,314
Payments to Acquire Predecessor, Gross			0
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of Predecessor			0
Purchases of property and equipment			(9,710)
Payments to Develop Software			0
Proceeds from sale of property and equipment			51
Net cash used in investing activities			(9,659)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from secured credit facilities, net of original issue discount			0
Proceeds from senior notes			0
Repayments of Notes Payable			0
Net repayments on revolving credit facility			(13,500)
Payment of debt financing costs			0
Payments on capital lease obligations			(164)
Sale Leaseback Transaction, Payments, Financing Activities			0
Dividends paid		(890)	(38)
Excess tax benefit realized from stock-based compensation			0
Restricted stock returned for payment of taxes			(142)
Equity contribution			0
Net cash provided by (used in) financing activities		989,752	(13,844)
Effect of foreign exchange rate changes on cash		(59)	(313)
Change in cash and cash equivalents			(1,502)
Cash and cash equivalents at beginning of period		19,184	20,686
Cash and cash equivalents at end of period			19,184
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid (1)			938
Income taxes paid (refunded), net			(79)
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Accrued construction costs			3,605
Dividends payable			890
Successor [Member]
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	14,742	(13,872)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	30,398	18,672	9,900
Deferred income taxes	(13,268)	(8,494)
Stock-based compensation expense	391	0
Amortization of lease-related liabilities	5	58
Amortization of original issue discount and deferred financing costs	1,137	541
Loss on asset disposals, net	1,244	974
Noncash Rent Expense	2,136	795	(916)
Other adjustments	19	97
Changes in operating assets and liabilities:
Accounts receivable	2,392	(1,105)
Inventories	880	3,500
Prepaid expenses	(752)	(3,118)
Accounts payable	(1,230)	(375)
Accrued expenses	1,512	9,634
Unearned revenues	309	(1,155)
Accrued interest	(5,326)	6,176
Income taxes payable	25,551	3,552
Increase (Decrease) Lease Related Liabilities	408	2,104	(350)
Net Cash Provided by (Used in) Operating Activities	60,548	17,984
Payments to Acquire Predecessor, Gross	0	(946,898)
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of Predecessor	663	0
Purchases of property and equipment	(16,109)	(6,501)
Payments to Develop Software	(185)	0
Proceeds from sale of property and equipment	97	98
Net cash used in investing activities	(16,860)	(953,301)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from secured credit facilities, net of original issue discount	0	756,200	756,200
Proceeds from senior notes	0	255,000	255,000
Repayment of Predecessor Facility	0		(348,000)
Repayments of Notes Payable	(11)		0
Repayments on senior term loan	(1,900)		0
Net repayments on revolving credit facility	0		0
Payment of debt financing costs	0		(27,575)
Payments on capital lease obligations	(100)	(26)	(26)
Sale Leaseback Transaction, Payments, Financing Activities	(386)		0
Dividends paid	0		(890)
Excess tax benefit realized from stock-based compensation	0	5,043	5,043
Restricted stock returned for payment of taxes	0		0
Equity contribution	0		350,000
Net cash provided by (used in) financing activities	(2,397)	989,752
Effect of foreign exchange rate changes on cash	(661)	(59)
Change in cash and cash equivalents	40,630	54,376
Cash and cash equivalents at beginning of period	110,994
Cash and cash equivalents at end of period	151,624	73,560
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid (1)	21,734	5,394
Income taxes paid (refunded), net	183	(1,633)
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Accrued construction costs	2,870	1,744
Dividends payable	$ 0	$ 0

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Acquisition of Peter Piper Pizza Table of Assets Acquired (Details) (Peter Piper Pizza [Member], USD $) In Thousands, unless otherwise specified	0 Months Ended	3 Months Ended	6 Months Ended
	Oct. 16, 2014	Mar. 29, 2015	Mar. 29, 2015	Oct. 16, 2014
Peter Piper Pizza [Member]
Business Acquisition [Line Items]
Other current assets	$ 598	$ 598	$ 598	$ 598
Cash and cash equivalents	5,267	5,267	5,267	5,267
Accounts receivable	511	511	511	511
Payments to Acquire Businesses, Gross	118,409	663	119,072
Inventories	820	820	820	820
Property, plant and equipment	14,383	14,383	14,383	14,383
Favorable lease interests	2,000	880	880	2,000
Chuck E. Cheese's tradename	24,800	26,700	26,700	24,800
Franchise agreements	39,300	39,300	39,300	39,300
Other non-current assets	154	154	154	154
Indebtedness	(120)	(120)	(120)	(120)
Below Market Lease, Gross	(3,290)	(3,870)	(3,870)	(3,290)
Deferred taxes	(12,935)	(13,011)	(13,011)	(12,935)
Other current and non-current liabilities	(4,061)	(4,061)	(4,061)	(4,061)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	67,427	67,551	67,551	67,427
Goodwill, Fair Value Disclosure	$ 50,982	$ 51,521	$ 51,521	$ 50,982

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Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 29, 2015

Finite-Lived Intangible Assets [Line Items]

Schedule of Goodwill Activity

The following table presents changes in the carrying value of goodwill for the three months endedMarch 29, 2015 (in thousands):

	Successor
Balance at December 28, 2014	$	483,444
Additions (1)	539
Balance at March 29, 2015	$	483,983

__________________

(1) In the first quarter of 2015, we recorded certain adjustments to the initial PPP purchase price allocation related to the final settlement of net working capital, the valuation of favorable and unfavorable lease interests and the valuation of PPP’s tradename that resulted in a net increase to goodwill of $0.5 million. See Note 2 “Peter Piper Acquisition” for a discussion of the measurement period adjustments.

Schedule of Indefinite-Lived Intangible Assets

The following table presents our indefinite and definite-lived intangible assets at March 29, 2015:

	Successor
	Weighted Average Life (Years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
		(in thousands)
Chuck E. Cheese's tradename	Indefinite	$	400,000	$	—		$	400,000
Peter Piper Pizza tradename (1)(2)	Indefinite	26,700		—			26,700
Favorable lease agreements (2)	10	14,880		(2,135		)	12,745
Franchise agreements	25	53,300		(1,534		)	51,766
		$	494,880	$	(3,669	)	$	491,211

__________________

(1) In connection with the Merger and the PPP Acquisition, we also recorded unfavorable lease liabilities of $10.2 million and $3.9 million, respectively, which are included in “Other current liabilities” and “Other non-current liabilities” in our Consolidated Balance Sheets. Such amounts are being amortized over a weighted average life of 10 years, and are included in “Rent expense” in our Consolidated Statements of Earnings for the Successor periods.

Schedule of Finite-Lived Intangible Assets

The following table presents our indefinite and definite-lived intangible assets at March 29, 2015:

	Successor
	Weighted Average Life (Years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
		(in thousands)
Chuck E. Cheese's tradename	Indefinite	$	400,000	$	—		$	400,000
Peter Piper Pizza tradename (1)(2)	Indefinite	26,700		—			26,700
Favorable lease agreements (2)	10	14,880		(2,135		)	12,745
Franchise agreements	25	53,300		(1,534		)	51,766
		$	494,880	$	(3,669	)	$	491,211

__________________

(1) In connection with the Merger and the PPP Acquisition, we also recorded unfavorable lease liabilities of $10.2 million and $3.9 million, respectively, which are included in “Other current liabilities” and “Other non-current liabilities” in our Consolidated Balance Sheets. Such amounts are being amortized over a weighted average life of 10 years, and are included in “Rent expense” in our Consolidated Statements of Earnings for the Successor periods.

(2) In the first quarter of 2015 we recorded an adjustment of $1.9 million related to the valuation of the PPP tradename and an adjustment of $(1.1) million related to the valuation of the favorable lease agreements intangible asset recorded in connection with the PPP Acquisition. See Note 2 “Acquisition of Peter Piper Pizza” for a discussion of these adjustments.

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Property and Equipment - Schedule of Property and Equipment (Details) (USD $) In Thousands, unless otherwise specified	Mar. 29, 2015	Dec. 28, 2014
Successor [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, net	$ 667,897	$ 681,972
Predecessor [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, net		$ 681,972

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Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 29, 2015

Fair Value Disclosures [Abstract]

Fair Value by Balance Sheet Grouping

The following table presents information on our financial instruments as of the periods presented:

	Successor				Successor
	March 29, 2015				December 28, 2014
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
	(in thousands)
Financial Liabilities:
Bank indebtedness and other long-term debt, less current portion	$	996,665	$	989,540	$	998,441	$	974,084

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Consolidated Statement of Cash Flows (Parentheticals) (Bridge Loan [Member], USD $) In Millions, unless otherwise specified	1 Months Ended
	Mar. 30, 2014
Bridge Loan [Member]
Payments of debt issuance costs and interest expense	$ 4.9

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Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 28, 2014	Dec. 29, 2013
Successor [Member]
Common stock, par value	$ 0.01
Common stock, shares authorized	1,000
Common stock, shares issued	200
Treasury stock, shares	0
Predecessor [Member]
Common stock, par value		$ 0.01
Common stock, shares authorized		1,000
Common stock, shares issued		200
Treasury stock, shares		0

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Stockholders' Equity

3 Months Ended

Mar. 29, 2015

Equity [Abstract]

Stockholders’ Equity:

Stockholders’ Equity:

The following table summarizes the changes in stockholders’ equity during the three months ended March 29, 2015:

	Common Stock			Capital In Excess of Par Value		Retained Earnings			Accumulated Other Comprehensive Income
	Shares	Amount										Total
	(in thousands, except share information)
Balance at December 29, 2014	200	$	—	$	355,587	$	(62,088	)	$	(913	)	$	292,586
Net income (loss)	—	—		—		14,742			—			14,742
Other comprehensive income (loss)	—	—		—		—			(1,642		)	(1,642		)
Stock-based compensation costs	—	—		395		—			—			395
Balance at March 29, 2015	200	$	—	$	355,982	$	(47,346	)	$	(2,555	)	$	306,081

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Document and Entity Information	3 Months Ended
	Mar. 29, 2015	Apr. 29, 2015
Document Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 29, 2015
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Trading Symbol	CEC
Entity Registrant Name	CEC ENTERTAINMENT INC
Entity Central Index Key	0000813920
Current Fiscal Year End Date	--12-27
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		200

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Condensed Consolidating Schedules

3 Months Ended

Mar. 29, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Consolidating Financial Statements

Consolidating Guarantor Financial Information:

The senior notes issued by CEC Entertainment, Inc. (the “Issuer”) in conjunction with the Merger are our unsecured obligations and are fully and unconditionally, jointly and severally guaranteed by all of our wholly-owned U.S. subsidiaries (the “Guarantors”). Our wholly-owned foreign subsidiaries and our less-than-wholly-owned U.S. subsidiaries are not a party to the guarantees (the “Non-Guarantors”). The following schedules present the condensed consolidating financial statements of the Issuer, Guarantors and Non-Guarantors, as well as consolidated results, for the periods presented:

CEC Entertainment, Inc.
Condensed Consolidating Balance Sheet
As of March 29, 2015
(in thousands)
	Successor
	Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Current assets:
Cash and cash equivalents	$	132,930		$	10,280		$	8,414		$	—		$	151,624
Accounts receivable	12,010			1,718			4,002			(3,222		)	14,508
Inventories	13,342			5,864			332			—			19,538
Other current assets	17,357			3,358			1,638			—			22,353
Total current assets	175,639			21,220			14,386			(3,222		)	208,023
Property and equipment, net	624,306			33,619			9,972			—			667,897
Goodwill	432,462			51,521			—			—			483,983
Intangible assets, net	23,988			467,223			—			—			491,211
Intercompany	129,525			23,662			—			(153,187		)	—
Investment in subsidiaries	420,089			—			—			(420,089		)	—
Other noncurrent assets	26,755			6,162			46			—			32,963
Total assets	$	1,832,764		$	603,407		$	24,404		$	(576,498	)	$	1,884,077
Current liabilities:
Bank indebtedness and other long-term debt, current portion	$	9,500		$	45		$	—		$	—		$	9,545
Capital lease obligations, current portion	402			—			3			—			405
Accounts payable and accrued expenses	94,962			25,672			4,378			—			125,012
Other current liabilities	2,989			—			—			—			2,989
Total current liabilities	107,853			25,717			4,381			—			137,951
Capital lease obligations, less current portion	15,297			—			74			—			15,371
Bank indebtedness and other long-term debt, less current portion	996,608			57			—			—			996,665
Deferred tax liability	193,540			15,727			656			—			209,923
Intercompany	3,845			129,945			22,619			(156,409		)	—
Other noncurrent liabilities	209,540			8,357			189			—			218,086
Total liabilities	1,526,683			179,803			27,919			(156,409		)	1,577,996
Stockholders' equity:
Common stock	—			—			—			—			—
Capital in excess of par value	355,982			466,114			3,241			(469,355		)	355,982
Retained earnings (deficit)	(47,346		)	(42,510		)	(4,201		)	46,711			(47,346		)
Accumulated other comprehensive income (loss)	(2,555		)	—			(2,555		)	2,555			(2,555		)
Total stockholders' equity	306,081			423,604			(3,515		)	(420,089		)	306,081
Total liabilities and stockholders' equity	$	1,832,764		$	603,407		$	24,404		$	(576,498	)	$	1,884,077

CEC Entertainment, Inc.
Condensed Consolidating Balance Sheet
As of December 28, 2014
(in thousands)
	Successor
	Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Current assets:
Cash and cash equivalents	$	97,020		$	6,427		$	7,547		$	—		$	110,994
Accounts receivable	13,209			5,487			3,797			(3,658		)	18,835
Inventories	15,008			3,596			375			—			18,979
Other current assets	19,086			3,711			2,040			—			24,837
Total current assets	144,323			19,221			13,759			(3,658		)	173,645
Property and equipment, net	638,239			33,064			10,669			—			681,972
Goodwill	432,462			50,982			—			—			483,444
Intangible assets, net	24,649			466,751			—			—			491,400
Intercompany	129,429			25,090			32,655			(187,174		)	—
Investment in subsidiaries	428,836			—			—			(428,836		)	—
Other noncurrent assets	27,770			5,875			37			—			33,682
Total assets	$	1,825,708		$	600,983		$	57,120		$	(619,668	)	$	1,864,143
Current liabilities:
Bank indebtedness and other long-term debt, current portion	$	9,500		$	45		$	—		$	—		$	9,545
Capital lease obligations, current portion	405			—			3			—			408
Accounts payable and accrued expenses	82,995			21,989			(248		)	(484		)	104,252
Other current liabilities	2,990			—			—			—			2,990
Total current liabilities	95,890			22,034			(245		)	(484		)	117,195
Capital lease obligations, less current portion	15,395			—			81			—			15,476
Bank indebtedness and other long-term debt	998,374			67			—			—			998,441
Deferred tax liability	207,258			14,877			780			—			222,915
Intercompany	6,309			126,497			57,542			(190,348		)	—
Other noncurrent liabilities	209,896			7,472			162			—			217,530
Total liabilities	1,533,122			170,947			58,320			(190,832		)	1,571,557
Stockholders' equity:
Common stock	—			—			—			—			—
Capital in excess of par value	355,587			465,451			3,089			(468,540		)	355,587
Retained earnings (deficit)	(62,088		)	(35,415		)	(3,376		)	38,791			(62,088		)
Accumulated other comprehensive income (loss)	(913		)	—			(913		)	913			(913		)
Total stockholders' equity	292,586			430,036			(1,200		)	(428,836		)	292,586
Total liabilities and stockholders' equity	$	1,825,708		$	600,983		$	57,120		$	(619,668	)	$	1,864,143

CEC Entertainment, Inc.
Consolidating Statement of Comprehensive Income (Loss)
For the Three Months Ended June 28, 2015
(in thousands)
	Successor
	Issuer	Guarantors	Non-Guarantors	Eliminations	Consolidated
Revenues:
Food and beverage sales					$	—
Entertainment and merchandise sales					—
Total company store sales	—	—	—	—	—
Franchise fees and royalties					—
International Association assessments and other fees					—
Total revenues	—	—	—	—	—
Operating Costs and Expenses:
Company store operating costs:
Cost of food and beverage					—
Cost of entertainment and merchandise					—
Total cost of food, beverage, entertainment and merchandise	—	—	—	—	—
Labor expenses					—
Depreciation and amortization					—
Rent expense					—
Other store operating expenses					—
Total company store operating costs	—	—	—	—	—
Advertising expense					—
General and administrative expenses					—
Transaction and severance costs					—
Total operating costs and expenses	—	—	—	—	—
Operating income (loss)	—	—	—	—	—
Equity in earnings (loss) in affiliates	—	—	—	—	—
Interest expense (income)					—
Income (loss) before income taxes	—	—	—	—	—
Income tax expense (benefit)					—
Net income (loss)	—	—	—	—	—
Components of other comprehensive income (loss), net of tax:
Foreign currency translation adjustments					$	—
Total components of other comprehensive income (loss), net of tax	—	—	—	—	—
Comprehensive income (loss)	—	—	—	—	—

CEC Entertainment, Inc.
Consolidating Statement of Comprehensive Income (Loss)
For the Three Months Ended June 29, 2014
(in thousands)
	Predecessor
	Issuer	Guarantors	Non-Guarantors	Eliminations	Consolidated
Revenues:
Food and beverage sales					$	—
Entertainment and merchandise sales					—
Total company store sales	—	—	—	—	—
Franchise fees and royalties					—
International Association assessments and other fees					—
Total revenues	—	—	—	—	—
Operating Costs and Expenses:
Company store operating costs:
Cost of food and beverage					—
Cost of entertainment and merchandise					—
Total cost of food, beverage, entertainment and merchandise	—	—	—	—	—
Labor expenses					—
Depreciation and amortization					—
Rent expense					—
Other store operating expenses					—
Total company store operating costs	—	—	—	—	—
Advertising expense					—
General and administrative expenses					—
Asset impairment					—
Total operating costs and expenses	—	—	—	—	—
Operating income (loss)	—	—	—	—	—
Equity in earnings (loss) in affiliates				—	—
Interest expense (income)					—
Income (loss) before income taxes	—	—	—	—	—
Income tax expense (benefit)					—
Net income (loss)	—	—	—	—	—
Components of other comprehensive income (loss), net of tax:
Foreign currency translation adjustments					$	—
Total components of other comprehensive income (loss), net of tax	—	—	—	—	—
Comprehensive income (loss)	—	—	—	—	—

CEC Entertainment, Inc.
Consolidating Statement of Comprehensive Income (Loss)
For the Three Months Ended March 29, 2015
(in thousands)
	Successor
	Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Revenues:
Food and beverage sales	$	102,387		$	12,316		$	1,834		$	—		$	116,537
Entertainment and merchandise sales	137,510			4,110			3,124			—			144,744
Total company store sales	239,897			16,426			4,958			—			261,281
Franchise fees and royalties	805			3,422			—			—			4,227
International Association assessments and other fees	286			662			8,653			(9,601		)	—
Total revenues	240,988			20,510			13,611			(9,601		)	265,508
Operating Costs and Expenses:
Company store operating costs:
Cost of food and beverage	25,390			3,244			591			—			29,225
Cost of entertainment and merchandise	7,620			753			149			—			8,522
Total cost of food, beverage, entertainment and merchandise	33,010			3,997			740			—			37,747
Labor expenses	61,732			3,930			1,511			—			67,173
Depreciation and amortization	27,619			1,114			508			—			29,241
Rent expense	22,303			1,494			661			—			24,458
Other store operating expenses	31,509			1,830			1,128			(948		)	33,519
Total company store operating costs	176,173			12,365			4,548			(948		)	192,138
Advertising expense	9,141			1,060			9,904			(8,653		)	11,452
General and administrative expenses	4,893			12,180			117			—			17,190
Transaction and severance costs	—			41			—			—			41
Total operating costs and expenses	190,207			25,646			14,569			(9,601		)	220,821
Operating income (loss)	50,781			(5,136		)	(958		)	—			44,687
Equity in earnings (loss) in affiliates	(7,769		)	—			—			7,769			—
Interest expense (income)	16,737			633			129			—			17,499
Income (loss) before income taxes	26,275			(5,769		)	(1,087		)	7,769			27,188
Income tax expense (benefit)	11,533			1,328			(415		)	—			12,446
Net income (loss)	$	14,742		$	(7,097	)	$	(672	)	$	7,769		$	14,742
Components of other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	$	(1,642	)	$	—		$	(1,642	)	$	1,642		$	(1,642	)
Total components of other comprehensive income (loss), net of tax	(1,642		)	—			(1,642		)	1,642			(1,642		)
Comprehensive income (loss)	$	13,100		$	(7,097	)	$	(2,314	)	$	9,411		$	13,100

CEC Entertainment, Inc.
Consolidating Statement of Comprehensive Income (Loss)
For the 44 Day Period Ended March 30, 2014
(in thousands)
	Successor
	Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Revenues:
Food and beverage sales	$	60,896		$	55		$	1,326		$	—		$	62,277
Entertainment and merchandise sales	76,538			—			2,075			—			78,613
Total company store sales	137,434			55			3,401			—			140,890
Franchise fees and royalties	335			351			—			—			686
International Association assessments and other fees	294			4,336			7,483			(12,113		)	—
Total revenues	138,063			4,742			10,884			(12,113		)	141,576
Operating Costs and Expenses:
Company store operating costs:
Cost of food and beverage	15,347			(16		)	366			—			15,697
Cost of entertainment and merchandise	4,733			(7		)	124			(20		)	4,830
Total cost of food, beverage, entertainment and merchandise	20,080			(23		)	490			(20		)	20,527
Labor expenses	31,061			—			887			—			31,948
Depreciation and amortization	18,118			—			357			—			18,475
Rent expense	7,456			—			254			—			7,710
Other store operating expenses	20,184			3			537			(4,085		)	16,639
Total company store operating costs	96,899			(20		)	2,525			(4,105		)	95,299
Advertising expense	7,579			(17		)	5,041			(7,466		)	5,137
General and administrative expenses	3,132			4,059			179			(542		)	6,828
Transaction and severance costs	31,679			6,000			—			—			37,679
Total operating costs and expenses	139,289			10,022			7,745			(12,113		)	144,943
Operating income (loss)	(1,226		)	(5,280		)	3,139			—			(3,367		)
Equity in earnings (loss) in affiliates	1,483			—			—			(1,483		)	—
Interest expense (income)	8,614			3,342			87			—			12,043
Income (loss) before income taxes	(8,357		)	(8,622		)	3,052			(1,483		)	(15,410		)
Income tax expense (benefit)	5,515			(7,961		)	908			—			(1,538		)
Net income (loss)	$	(13,872	)	$	(661	)	$	2,144		$	(1,483	)	$	(13,872	)
Components of other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	$	(112	)	$	—		$	(112	)	$	112		$	(112	)
Total components of other comprehensive income (loss), net of tax	(112		)	—			(112		)	112			(112		)
Comprehensive income (loss)	$	(13,984	)	$	(661	)	$	2,032		$	(1,371	)	$	(13,984	)

CEC Entertainment, Inc.
Consolidating Statement of Comprehensive Income (Loss)
For the 47 Day Period Ended February 14, 2014
(in thousands)
	Predecessor
	Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Revenues:
Food and beverage sales	$	49,803		$	32		$	1,062		$	—		$	50,897
Entertainment and merchandise sales	61,082			—			1,577			—			62,659
Total company store sales	110,885			32			2,639			—			113,556
Franchise fees and royalties	353			334			—			—			687
International Association assessments and other fees	—			4,558			6,095			(10,653		)	—
Total revenues	111,238			4,924			8,734			(10,653		)	114,243
Operating Costs and Expenses:
Company store operating costs:
Cost of food and beverage	11,924			25			336			—			12,285
Cost of entertainment and merchandise	3,618			—			131			(20		)	3,729
Total cost of food, beverage, entertainment and merchandise	15,542			25			467			(20		)	16,014
Labor expenses	31,107			—			891			—			31,998
Depreciation and amortization	9,430			—			303			—			9,733
Rent expense	11,962			—			403			—			12,365
Other store operating expenses	20,193			(44		)	(82		)	(4,307		)	15,760
Total company store operating costs	88,234			(19		)	1,982			(4,327		)	85,870
Advertising expense	6,144			17			5,853			(6,111		)	5,903
General and administrative expenses	4,124			3,863			191			(215		)	7,963
Transaction and severance costs	1,800			9,834			—			—			11,634
Total operating costs and expenses	100,302			13,695			8,026			(10,653		)	111,370
Operating income (loss)	10,936			(8,771		)	708			—			2,873
Equity in earnings (loss) in affiliates	(4,523		)	—			—			4,523			—
Interest expense (income)	1,822			(771		)	100			—			1,151
Income (loss) before income taxes	4,591			(8,000		)	608			4,523			1,722
Income tax expense (benefit)	3,887			(3,040		)	171			—			1,018
Net income (loss)	$	704		$	(4,960	)	$	437		$	4,523		$	704
Components of other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	$	(541	)	$	—		$	(541	)	$	541		$	(541	)
Total components of other comprehensive income (loss), net of tax	(541		)	—			(541		)	541			(541		)
Comprehensive income (loss)	$	163		$	(4,960	)	$	(104	)	$	5,064		$	163

CEC Entertainment, Inc.
Consolidating Statement of Cash Flows
For the Three Months Ended March 29, 2015
(in thousands)
	Successor
	Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Cash flows provided by (used in) operating activities:	$	53,409		$	2,476		$	4,663		$	—		$	60,548
Cash flows from investing activities:
Acquisition of Peter Piper Pizza	(663		)	—			—			—			(663		)
Intercompany note	(96		)	2,500			—			(2,404		)	—
Purchases of property and equipment	(14,451		)	(1,023		)	(635		)	—			(16,109		)
Proceeds from sale of property and equipment	97			—			—			—			97
Development of internal use software	—			(185		)	—			—			(185		)
Cash flows provided by (used in) investing activities	(15,113		)	1,292			(635		)	(2,404		)	(16,860		)
Cash flows from financing activities:
Repayments on senior term loan	(1,900		)	—			—			—			(1,900		)
Repayments on note payable	—			(11		)	—			—			(11		)
Intercompany note	—			96			(2,500		)	2,404			—
Payments on capital lease obligations	(100		)	—			—			—			(100		)
Payments on sale leaseback transactions	(386		)	—			—			—			(386		)
Cash flows provided by (used in) financing activities	(2,386		)	85			(2,500		)	2,404			(2,397		)
Effect of foreign exchange rate changes on cash	—			—			(661		)	—			(661		)
Change in cash and cash equivalents	35,910			3,853			867			—			40,630
Cash and cash equivalents at beginning of period	97,020			6,427			7,547			—			110,994
Cash and cash equivalents at end of period	$	132,930		$	10,280		$	8,414		$	—		$	151,624

CEC Entertainment, Inc.
Consolidating Statement of Cash Flows
For the 44 Day Period Ended March 30, 2014
(in thousands)
	Successor
	Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Cash flows provided by (used in) operating activities:	$	17,463		$	723		$	(202	)	$	—		$	17,984
Cash flows from investing activities:
Acquisition of Predecessor	(946,898		)	—			—			—			(946,898		)
Intercompany note	—			348,969			—			(348,969		)	—
Purchases of property and equipment	(4,683		)	(1,762		)	(56		)	—			(6,501		)
Proceeds from sale of property and equipment	—			98			—			—			98
Cash flows provided by (used in) investing activities	(951,581		)	347,305			(56		)	(348,969		)	(953,301		)
Cash flows from financing activities:
Proceeds from secured credit facilities, net of original issue discount	756,200			—			—			—			756,200
Proceeds from senior notes	255,000			—			—			—			255,000
Repayment of Predecessor Facility	—			(348,000		)	—			—			(348,000		)
Intercompany note	(346,628		)	384			(2,725		)	348,969			—
Payment of debt financing costs	(27,575		)	—			—			—			(27,575		)
Payments on capital lease obligations	(26		)	—			—			—			(26		)
Dividends paid	(890		)	—			—			—			(890		)
Excess tax benefit realized from stock-based compensation	5,043			—			—			—			5,043
Equity contribution	350,000			—			—			—			350,000
Cash flows provided by (used in) financing activities	991,124			(347,616		)	(2,725		)	348,969			989,752
Effect of foreign exchange rate changes on cash	—			—			(59		)	—			(59		)
Change in cash and cash equivalents	57,006			412			(3,042		)	—			54,376
Cash and cash equivalents at beginning of period	6,653			120			12,411			—			19,184
Cash and cash equivalents at end of period	$	63,659		$	532		$	9,369		$	—		$	73,560

CEC Entertainment, Inc.
Consolidating Statement of Cash Flows
For the 47 Day Period Ended February 14, 2014
(in thousands)
	Predecessor
	Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Cash flows provided by (used in) operating activities:	$	(12,224	)	$	29,906		$	4,632		$	—		$	22,314
Cash flows from investing activities:
Intercompany note	—			(17,601		)	—			17,601			—
Purchases of property and equipment	(8,538		)	(1,082		)	(90		)	—			(9,710		)
Proceeds from sale of property and equipment	(2		)	53			—			—			51
Cash flows provided by (used in) investing activities	(8,540		)	(18,630		)	(90		)	17,601			(9,659		)
Cash flows from financing activities:
Net proceeds from (repayments on) revolving credit facility	—			(13,500		)	—			—			(13,500		)
Intercompany note	17,571			430			(400		)	(17,601		)	—
Payments on capital lease obligations	(153		)	—			(11		)	—			(164		)
Dividends paid	(38		)	—			—			—			(38		)
Restricted stock returned for payment of taxes	(142		)	—			—			—			(142		)
Cash flows provided by (used in) financing activities	17,238			(13,070		)	(411		)	(17,601		)	(13,844		)
Effect of foreign exchange rate changes on cash	—			—			(313		)	—			(313		)
Change in cash and cash equivalents	(3,526		)	(1,794		)	3,818			—			(1,502		)
Cash and cash equivalents at beginning of period	10,177			1,914			8,595			—			20,686
Cash and cash equivalents at end of period	$	6,651		$	120		$	12,413		$	—		$	19,184

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Consolidated Statements of Earnings (USD $) In Thousands, unless otherwise specified	1 Months Ended	3 Months Ended	2 Months Ended
	Mar. 30, 2014	Mar. 29, 2015	Feb. 14, 2014
Successor [Member]
REVENUES:
Food and beverage sales	$ 62,277	$ 116,537
Entertainment and merchandise sales	78,613	144,744
Total company store sales	140,890	261,281
Franchise fees and royalties	686	4,227
Total revenues	141,576	265,508
Company store operating costs:
Cost of food and beverage (exclusive of items shown separately below)	15,697	29,225
Cost of entertainment and merchandise (exclusive of items shown separately below)	4,830	8,522
Total cost of food, beverage, entertainment and merchandise	20,527	37,747
Labor expenses	31,948	67,173
Depreciation and amortization	18,475	29,241
Rent expense	7,710	24,458
Other store operating expenses	16,639	33,519
Total company store operating costs	95,299	192,138
Other costs and expenses:
Advertising expense	5,137	11,452
General and administrative expenses	6,828	17,190
Transaction and severance costs	37,679	41
Total operating costs and expenses	144,943	220,821
Operating income (loss)	(3,367)	44,687
Interest Income (Expense), Net	12,043	17,499
Income (loss) before income taxes	(15,410)	27,188
Income tax expense (benefit)	(1,538)	12,446
Net income (loss)	(13,872)	14,742
Predecessor [Member]
REVENUES:
Food and beverage sales			50,897
Entertainment and merchandise sales			62,659
Total company store sales			113,556
Franchise fees and royalties			687
Total revenues			114,243
Company store operating costs:
Cost of food and beverage (exclusive of items shown separately below)			12,285
Cost of entertainment and merchandise (exclusive of items shown separately below)			3,729
Total cost of food, beverage, entertainment and merchandise			16,014
Labor expenses			31,998
Depreciation and amortization			9,733
Rent expense			12,365
Other store operating expenses			15,760
Total company store operating costs			85,870
Other costs and expenses:
Advertising expense			5,903
General and administrative expenses			7,963
Transaction and severance costs			11,634
Total operating costs and expenses			111,370
Operating income (loss)			2,873
Interest Income (Expense), Net			1,151
Income (loss) before income taxes			1,722
Income tax expense (benefit)			1,018
Net income (loss)			704
Retained Earnings [Member] | Successor [Member]
Other costs and expenses:
Net income (loss)		14,742
Retained Earnings [Member] | Predecessor [Member]
Other costs and expenses:
Net income (loss)			$ 704

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Fair Value of Financial Instruments

3 Months Ended

Mar. 29, 2015

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

Fair Value of Financial Instruments:

The following table presents information on our financial instruments as of the periods presented:

	Successor				Successor
	March 29, 2015				December 28, 2014
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
	(in thousands)
Financial Liabilities:
Bank indebtedness and other long-term debt, less current portion	$	996,665	$	989,540	$	998,441	$	974,084

Our financial instruments consist of cash and cash equivalents, accounts receivable, accounts payable, our Secured Credit Facilities and our senior notes. The carrying amount of cash and cash equivalents, accounts receivable and accounts payable approximates fair value because of their short maturities. The estimated fair value of our secured credit facilities term loan and senior notes was determined by using estimated market prices of our outstanding borrowings under our term loan facility and the senior notes, which are classified as Level 2 in the fair value hierarchy.

During the three months ended March 29, 2015, the 44 day period endedMarch 30, 2014 and the 47 day period endedFebruary 14, 2014, there were no significant transfers among level 1, 2 or 3 fair value determinations.

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Indebtedness and Interest Expense

3 Months Ended

Mar. 29, 2015

Debt Disclosure [Abstract]

Indebtedness and Interest Expense

Indebtedness and Interest Expense:

 Our long-term debt consisted of the following for the periods presented:

	Successor
	March 29, 2015			December 28, 2014
	(in thousands)
Term loan facility	$	754,300		$	756,200
Revolving credit facility	—			—
Senior notes	255,000			255,000
Note payable	102			113
Total debt outstanding	1,009,402			1,011,313
Less:
Unamortized original issue discount	(3,192		)	(3,327		)
Current portion	(9,545		)	(9,545		)
Bank indebtedness and other long-term debt, less current portion	$	996,665		$	998,441

We were in compliance with the debt covenants in effect as of March 29, 2015 for both the Secured Credit Facilities and the senior notes. For further discussion regarding the debt covenants, see Secured Credit Facilities and Senior Unsecured Debt sections below.

Secured Credit Facilities

As of March 29, 2015, we had $754.3 million (excluding the original issue discount) outstanding under the Term loan facility, no borrowings outstanding under the revolving credit facility and $10.9 million of letters of credit issued but undrawn. The Secured Facilities require scheduled quarterly payments on the term loan equal to 0.25% of the original principal amount of the Term loan from July 2014 to December 2020, with the remaining balance paid at maturity, February 14, 2021.

Borrowings under the Secured Credit Facilities bear interest at a rate equal to, at our option, either (a) a London Interbank Offered Rate (“LIBOR”) determined by reference to the costs of funds for Eurodollar deposits for the interest period relevant to such borrowings, adjusted for certain additional costs, subject to a 1.00% floor in the case of term loans or (b) a base rate determined by reference to the highest of (i) the federal funds effective rate plus 0.50%; (ii) the prime rate of Deutsche Bank AG New York Branch; and (iii) the one-month adjusted LIBOR plus 1.00%; in each case plus an applicable margin. The applicable margin for borrowings is 3.00% with respect to LIBOR borrowings and 2.00% with respect to base rate borrowings under the term loan facility and base rate borrowings and swingline borrowings under the revolving credit facility. During the three months endedMarch 29, 2015, the federal funds rate ranged from 0.06% to 0.13%, the prime rate was 3.25% and the one-month LIBOR ranged from 0.17% to 0.18%.

The weighted average effective interest rate incurred on our borrowings under our Secured Credit Facilities was 4.6% for the three months endedMarch 29, 2015 and 4.7% for the 44 day period endedMarch 30, 2014, which includes amortization of debt issuance costs related to our Secured Credit Facilities, amortization of our term loan facility original issue discount and commitment and other fees related to our Secured Credit Facilities.

As of March 29, 2015, the borrowings under the revolving credit facility were less than 30% of the outstanding commitments; therefore, the springing financial maintenance covenant under our revolving credit facility was not in effect.

Senior Unsecured Debt

Our $255.0 million aggregate principal amount borrowings of 8.000% Senior Notes due 2022 (the “senior notes”) bear interest at a rate of 8.000% per year and mature on February 15, 2022.

Our obligations under the senior notes are fully and unconditionally guaranteed, jointly and severally, by our present and future direct and indirect wholly-owned material domestic subsidiaries that guarantee our Secured Credit Facilities.

The indenture contains restrictive covenants that limit our ability to, among other things: incur additional debt or issue certain preferred shares; create liens on certain assets; make certain loans or investments (including acquisitions); pay dividends on or make distributions in respect of our capital stock or make other restricted payments; consolidate, merge, sell or otherwise dispose of all or substantially all of our assets; sell assets; enter into certain transactions with our affiliates; and restrict

dividends from our subsidiaries.

The weighted average effective interest rate incurred on borrowings under our senior notes was 8.3% for the three months endedMarch 29, 2015 and 8.4% for the 44 day period endedMarch 30, 2014, which included amortization of debt issuance costs and other fees related to our senior notes.

Interest Expense

Interest expense consisted of the following for the periods presented:

	Successor				Predecessor
	Three Months Ended		For the 44 Day Period Ended		For the 47 Day Period Ended
	March 29, 2015		March 30, 2014		February 14, 2014
	(in thousands)
Term loan facility(1)	$	7,907	4,181		$	—
Senior notes	5,157		2,283		—
Bridge Loan facility (2)	—		4,943		—
Predecessor Facility	—		—		745
Capital lease obligations	455		154		275
Sale leaseback obligations	2,783		—		—
Amortization of debt issuance costs	1,001		473		58
Other	196		9		73
	$	17,499	$	12,043	$	1,151

 __________________

(1)    Includes amortization of original issue discount.

(2)    The 44 day period endedMarch 30, 2014 includes debt issuance costs of $4.7 million related to the issuance of the Bridge Loan and $0.2 million of

interest.

The weighted average effective interest rate incurred on our borrowings under our Secured Credit Facilities and senior notes was 5.5% for the three months endedMarch 29, 2015, and 9.3% for the 44 day period endedMarch 30, 2014. Excluding the impact of $4.9 million of issuance costs and interest relating to the bridge loan facility, our weighted average effective rate would have been 5.4% for the 44 day period endedMarch 30, 2014. The weighted average effective interest rate incurred on our borrowings under our Predecessor Facility for the 47 day period endedFebruary 14, 2014 was 1.6%.

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Indebtedness and Interest Expense Indebtedness and Interest Expense (Tables)

3 Months Ended

Mar. 29, 2015

Debt Disclosure [Abstract]

Schedule of Debt

 Our long-term debt consisted of the following for the periods presented:

	Successor
	March 29, 2015			December 28, 2014
	(in thousands)
Term loan facility	$	754,300		$	756,200
Revolving credit facility	—			—
Senior notes	255,000			255,000
Note payable	102			113
Total debt outstanding	1,009,402			1,011,313
Less:
Unamortized original issue discount	(3,192		)	(3,327		)
Current portion	(9,545		)	(9,545		)
Bank indebtedness and other long-term debt, less current portion	$	996,665		$	998,441

Schedule of Interest Expense

Interest expense consisted of the following for the periods presented:

	Successor				Predecessor
	Three Months Ended		For the 44 Day Period Ended		For the 47 Day Period Ended
	March 29, 2015		March 30, 2014		February 14, 2014
	(in thousands)
Term loan facility(1)	$	7,907	4,181		$	—
Senior notes	5,157		2,283		—
Bridge Loan facility (2)	—		4,943		—
Predecessor Facility	—		—		745
Capital lease obligations	455		154		275
Sale leaseback obligations	2,783		—		—
Amortization of debt issuance costs	1,001		473		58
Other	196		9		73
	$	17,499	$	12,043	$	1,151

 __________________

(1)    Includes amortization of original issue discount.

(2)    The 44 day period endedMarch 30, 2014 includes debt issuance costs of $4.7 million related to the issuance of the Bridge Loan and $0.2 million of

interest.

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Subsequent Events

3 Months Ended

Mar. 29, 2015

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events:

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Income Taxes

3 Months Ended

Mar. 29, 2015

Income Tax Disclosure [Abstract]

Income Taxes:

Income Taxes:

Our income tax expense (benefit) consists of the following for the periods presented:

	Successor						Predecessor
	Three Months Ended			For the 44 Day Period Ended			For the 47 Day Period Ended
	March 29, 2015			March 30, 2014			February 14, 2014
	(in thousands, except percentages)
Federal and state income taxes	$	12,174		$	(1,533	)	$	914
Foreign income taxes	272			(5		)	104
Income tax expense (benefit)	$	12,446		$	(1,538	)	$	1,018
Effective rate	45.8		%	10.0		%	59.1		%

Our effective income tax rate of 45.8% for the three months endedMarch 29, 2015, 10.0% for the 44 day period endedMarch 30, 2014, and 59.1% for the 47 day period endedFebruary 14, 2014, differs from the statutory rate primarily due to the unfavorable impact of non-deductible costs related to the Merger and Merger related litigation.

Our liability for uncertain tax positions (excluding interest and penalties) was $2.3 million and $1.9 million as of March 29, 2015 and December 28, 2014, respectively, and if recognized would decrease our provision for income taxes by $1.4 million. Within the next twelve months, we could settle or otherwise conclude income tax audits and /or have expiring statutes of limitations. As such, it is reasonably possible that the liability for uncertain tax positions could decrease by as much as $0.2 million as a result of settlements with certain taxing authorities and expiring statutes of limitations within the next twelve months.

The total accrued interest and penalties related to unrecognized tax benefits as of March 29, 2015 and December 28, 2014, was $1.6 million and $1.5 million, respectively. On the Consolidated Balance Sheets, we include current interest related to unrecognized tax benefits in “Accrued interest,” current penalties in “Accrued expenses” and noncurrent accrued interest and penalties in “Other noncurrent liabilities.”

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Other Non-current Liabilities

3 Months Ended

Mar. 29, 2015

Other Liabilities Disclosure [Abstract]

Other Noncurrent Liabilities

Other Non-current Liabilities:

Other non-current liabilities consisted of the following:

	March 29, 2015		December 28, 2014
	(in thousands)
Sale leaseback obligations, less current portion			$	181,282
Deferred rent liability			7,847
Deferred landlord contributions			981
Long-term portion of unfavorable leases			10,942
Other			4,332
Total other non-current liabilities	$	—	$	205,384

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Commitments and Contingencies

3 Months Ended

Mar. 29, 2015

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments and Contingencies:

Legal Proceedings

From time to time, we are involved in various inquiries, investigations, claims, lawsuits and other legal proceedings that are incidental to the conduct of our business. These matters typically involve claims from customers, employees or other third parties involved in operational issues common to the retail, restaurant and entertainment industries. Such matters typically represent actions with respect to contracts, intellectual property, taxation, employment, employee benefits, personal injuries and other matters. A number of such claims may exist at any given time, and there are currently a number of claims and legal proceedings pending against us.

In the opinion of our management, after consultation with legal counsel, the amount of liability with respect to claims or proceedings currently pending against us is not expected to have a material effect on our consolidated financial condition, results of operations or cash flows.

Employment-Related Litigation: On January 27, 2014, former store employee Franchesca Ford filed a purported class action lawsuit against the Company in San Francisco County Superior Court, California (the “Ford Litigation”). The plaintiff claims to represent other similarly-situated hourly non-exempt employees and former employees of the Company in California who were employed during the period January 27, 2010 to the present. She alleges violations of California state wage and hour laws governing vacation pay, meal and rest period pay, wages due upon termination, and waiting time penalties, and seeks an unspecified amount in damages. In March 2014, the Company removed the Ford Litigation to the U.S. District Court for the Northern District of California, San Francisco Division, and subsequently defeated the plaintiff’s motion to remand the case to California state court. The parties have exchanged formal discovery. The Company’s investigation is ongoing. We believe the Company has meritorious defenses to this lawsuit and we intend to vigorously defend it. While no assurance can be given as to the ultimate outcome of this matter, we currently believe that the final resolution of this action will not have a material adverse effect on our results of operations, financial position, liquidity or capital resources.

On March 24, 2014, Franchesca Ford and Isabel Rodriguez filed a purported class action lawsuit against the Company in the U.S. District Court, Southern District of California, San Diego Division. The plaintiffs claim to represent other similarly-situated applicants who were subject to pre-employment background checks with the Company in California and across the United States from March 24, 2012 to the present. The lawsuit alleges violations of the Fair Credit Reporting Act and the California Consumer Credit Reporting and Investigative Reporting Agencies Act. On September 23, 2014, the Company reached an agreement to settle the lawsuit on a class-wide basis. The settlement would result in the plaintiffs’ dismissal of all claims asserted in the action, as well as certain related but unasserted claims, and grant of complete releases, in exchange for the Company’s settlement payment of up to $1,750,000 (a substantial portion of which would be covered by the Company’s insurance carrier). On January 16, 2015, the parties executed a written settlement agreement, which will be submitted to the Court for approval. The Company has accrued for all probable and reasonably estimable losses associated with this claim. We currently believe that the final resolution of this action will not have a material adverse effect on our results of operations, financial position, liquidity or capital resources.

On October 17, 2014, former store employee Wiley Wright filed a purported class action lawsuit against the Company in the United States District Court, Eastern District of New York, claiming to represent other similarly-situated salaried exempt current and former employees of the Company in the state of New York during the period October 17, 2008, as well as similarly-situated salaried exempt current and former employees throughout the remainder of the United States during the period October 17, 2011 to the present. The lawsuit alleges that current and former Assistant Managers and Senior Assistant Managers were unlawfully classified as exempt from overtime protections and worked more than 40 hours a week without overtime premium pay in violation of the Fair Labor Standards Act and New York Labor Law. The plaintiff seeks an unspecified amount in damages. On December 12, 2014, plaintiff moved for conditional certification of the putative class of employees; the Company filed its response to this motion on January 19, 2015. As of the date of this filing, the Court has not ruled on plaintiff’s motion. We believe the Company has meritorious defenses to this lawsuit and we intend to vigorously defend it. While no assurance can be given as to the ultimate outcome of this matter, we currently believe that the final resolution of this action will not have a material adverse effect on our results of operations, financial position, liquidity or capital resources.

On October 10, 2014, former store General Manager Richard Sinohui filed a purported class action lawsuit against the Company in the Superior Court of California, Riverside County (the “Sinohui Litigation”), claiming to represent other

similarly-situated current and former General Managers of the Company in California during the period October 10, 2010 to the present. The lawsuit alleges current and former California General Managers were unlawfully classified as exempt from overtime protections and worked more than 40 hours a week without overtime premium pay, paid rest periods and paid meal periods, in violation of the California Labor Code, California Business and Professions Code, and the applicable Wage Order issued by the California Industrial Welfare Commission. The plaintiff seeks an unspecified amount in damages. On December 5, 2012, the Company removed the Sinohui Litigation to the U.S. District Court for the Central District of California, Southern Division. On December 30, 2014, the plaintiff petitioned the court to remand the Sinohui Litigation to California state court. On February 26, 2015, the Court overruled the plaintiff’s motion to remand. The Company’s investigation is ongoing. While no assurance can be given as to the ultimate outcome of this matter, we currently believe that the final resolution of this action will not have a material adverse effect on our results of operations, financial position, liquidity or capital resources.

Litigation Related to the Merger: Following the January 16, 2014 announcement that the Company had entered into the Merger Agreement, four putative shareholder class actions were filed in the District Court of Shawnee County, Kansas, on behalf of purported stockholders of the Company against the Company, its directors, Apollo, Parent and Merger Sub, in connection with the Merger Agreement and the transactions contemplated thereby. The first purported class action, styled Hilary Coyne v. Richard M. Frank et al. (the “Coyne Action”), was filed on January 21, 2014. The second, styled John Solak v. CEC Entertainment, Inc. et al. (the “Solak Action”), was filed on January 22, 2014. The third, styled Irene Dixon v. CEC Entertainment, Inc. et al. (the “Dixon Action”), was filed on January 24, 2014, and additionally names as defendants Apollo Management VIII, L.P. and the AP VIII Queso Holdings, L.P. The fourth, styled Louisiana Municipal Public Employees’ Retirement System v. Frank, et al. (the “LMPERS Action”), was filed on January 31, 2014, and additionally names as defendants, Apollo Management VIII, L.P. and AP VIII Queso Holdings, L.P. (collectively, Coyne, Solak, and Dixon Actions shall be referred to as the “Shareholder Actions”).

Each of the Shareholder Actions alleges that the Company’s directors breached their fiduciary duties to the Company’s stockholders in connection with their consideration and approval of the Merger Agreement by, among other things, agreeing to an inadequate tender price, the adoption on January 15, 2014 of the Rights Agreement, and certain provisions in the Merger Agreement that allegedly made it less likely that the Board would be able to consider alternative acquisition proposals. The Coyne, Dixon and LMPERS Actions further allege that the Board was advised by a conflicted financial advisor. The Solak, Dixon and LMPERS Actions further allege that the Board was subject to material conflicts of interest in approving the Merger Agreement and that the Board breached its fiduciary duties in allowing allegedly conflicted members of management to negotiate the transaction. The Dixon and LMPERS Actions further allege that the Board breached its fiduciary duties in approving the Solicitation/Recommendation Statement on Schedule 14D-9 (together with the exhibits and annexes thereto, as it may be amended or supplemented, the “Statement”) filed with the SEC on January 22, 2014, which allegedly contained material misrepresentations and omissions.

Each of the Shareholder Actions allege that Apollo aided and abetted the Board’s breaches of fiduciary duties. The Solak and Dixon Actions allege that CEC also aided and abetted such breaches, and the Solak and LMPERS Actions further allege that Parent and the Merger Sub aided and abetted such actions. The LMPERS Action further alleges that Apollo Management VIII, L.P. and AP VIII Queso Holdings, L.P. aided and abetted such actions.

The Shareholder Actions seek, among other things, rescission of the transactions, damages, attorneys’ and experts’ fees and costs, and other unspecified relief.

On January 24, 2014, the plaintiff in the Coyne Action filed an amended complaint (the “Coyne Amended Complaint”), and on January 30, 2014, the plaintiff in the Solak Action filed an amended complaint (the “Solak Amended Complaint”) (together, the “Amended Complaints”). The Amended Complaints incorporated all of the allegations in the original complaints, added allegations that the Board-approved Statement omitted certain material information, in further violation of the Board’s fiduciary duties, and requested an order directing the Board to disclose such allegedly-omitted material information. The Solak Amended Complaint also added allegations that the Board breached its fiduciary duties in allowing an allegedly conflicted financial advisor and management to lead the sales process.

On March 7, 2014, the Coyne, Solak, Dixon and LMPERS Actions were consolidated into one action. The Company has accrued for all probable and reasonably estimable losses associated with this claim. The Company believes the consolidated lawsuit is without merit and intends to defend it vigorously. While no assurance can be given as to the ultimate outcome of the consolidated matter, we currently believe that the final resolution of the action will not have a material adverse effect on our results of operations, financial position, liquidity or capital resources.

On June 10, 2014, Magnetar Global Event Driven Fund Ltd., Spectrum Opportunities Master Fund, Ltd., Magnetar Capital Master Fund, Ltd., and Blackwell Partners LLC, as the purported beneficial owners of shares held as of record by the nominal petitioner Cede & Co., (the “Appraisal Petitioners”), filed an action for statutory appraisal under Kansas state law against the Company in the U.S. District Court for the District of Kansas. The Appraisal Petitioners seek appraisal of $750,000 shares of common stock. The Company answered the complaint and filed a verified list of stockholders, as required under Kansas law. On September 3, 2014, the court entered a scheduling order that contemplates that discovery would commence in the fall of 2014 and would substantially be completed by May 2015. Following discovery, the scheduling order contemplates dispositive motion practice, followed thereafter, potentially, by a trial on the merits of the Appraisal Petitioners’ claims. The Company has accrued for all probable and reasonably estimable losses associated with this claim. The Company believes the lawsuit is without merit and intends to defend it vigorously. While no assurance can be given as to the ultimate outcome of this matter, we currently believe that the final resolution of this action will not have a material adverse effect on our results of operations, financial position, liquidity or capital resources.

The Company believes these lawsuits are without merit and intends to defend them vigorously; however we are presently unable to predict the ultimate outcome of this litigation.

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Stock-Based Compensation Arrangements

3 Months Ended

Mar. 29, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-Based Compensation Arrangements

Stock-Based Compensation Arrangements:

The following table summarizes stock-based compensation expense and the associated tax benefit recognized in the Consolidated Financial Statements:

	Successor					Predecessor
	Three Months Ended			For the 44 Day Period Ended		For the 47 Day Period Ended
	March 29, 2015			March 30, 2014		February 14, 2014
	(in thousands)
Stock-based compensation costs	$	395		$	—	$	1,117
Portion capitalized as property and equipment (1)	(4		)	—		—
Stock-based compensation costs related to the accelerated vesting of restricted stock awards in connection with the Merger	—			—		11,108
Stock-based compensation expense recognized	$	391		$	—	$	12,225
Tax benefit recognized from stock-based compensation awards (2)	$	—		$	5,043	$	—

 __________________

(1) We capitalize the portion of stock-based compensation costs related to our design, construction, facilities and legal departments that are directly attributable to our store development projects, such as the design and construction of a new store and the remodeling and expansion of our existing stores. Capitalized stock-based compensation cost attributable to our store development projects is included in “Property and equipment, net” in the Consolidated Balance Sheets.

(2) We recorded the $5.0 million tax benefit related to the accelerated vesting of restricted stock awards in the 44 day period endedMarch 30, 2014, as such tax benefit are deductible for income tax purposes on the Successor tax return for fiscal year 2014.

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Acquisition of Peter Piper Pizza Goodwill (Details) (Peter Piper Pizza [Member], USD $) In Millions, unless otherwise specified	0 Months Ended
	Oct. 15, 2014
Peter Piper Pizza [Member]
Business Combinations [Abstract]
Goodwill, Translation and Purchase Accounting Adjustments	$ 113.1

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Stock-Based Compensation Arrangements Stock-Based Compensation Arrangements - Summary of Stock-Based Compensation Expense and Associated Tax Benefit Recognized (Details) (USD $) In Thousands, unless otherwise specified	1 Months Ended	3 Months Ended		2 Months Ended
	Mar. 30, 2014	Mar. 29, 2015		Feb. 14, 2014
Successor [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation costs	$ 0	$ 395
Portion capitalized as property and equipment		4	[1]
Stock-based compensation costs related to the accelerated vesting of restricted stock awards in connection with the Merger	0	0
Stock-based compensation expense recognized	0	391
Tax benefit recognized from stock-based compensation awards	5,043	0
Predecessor [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation costs				1,117
Portion capitalized as property and equipment				0	[1]
Stock-based compensation costs related to the accelerated vesting of restricted stock awards in connection with the Merger				11,108
Stock-based compensation expense recognized				12,225
Tax benefit recognized from stock-based compensation awards				$ 0

[1] We capitalize the portion of stock-based compensation costs related to our design, construction, facilities and legal departments that are directly attributable to our store development projects, such as the design and construction of a new store and the remodeling and expansion of our existing stores. Capitalized stock-based compensation cost attributable to our store development projects is included in “Property and equipment, net” in the Consolidated Balance Sheets.

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Acquisition of CEC Entertainment, Inc. (Tables)

3 Months Ended

Mar. 29, 2015

Business Combinations [Abstract]

Schedule of Fair Values Assigned to Net Assets Acquired

The following table summarizes the fair values assigned to the net assets acquired as of the February 14, 2014 acquisition date (in thousands):

Cash consideration paid to shareholders	$	946,898
Fair value of assets acquired and liabilities assumed:
Cash and cash equivalents	19,184
Accounts receivable	22,185
Inventories	21,696
Other current assets	16,463
Property, plant and equipment	718,066
Property under capital lease	15,530
Favorable lease interests	14,000
Chuck E. Cheese's tradename	400,000
Franchise agreements	14,000
Other non-current assets	9,872
Indebtedness	(348,000		)
Capital Leases	(15,530		)
Unfavorable lease interests	(10,160		)
Deferred taxes	(268,946		)
Other current and non-current liabilities	(93,520		)
Net assets acquired	514,840
Excess purchase price allocated to goodwill	$	432,058

Schedule of Unaudited Pro Forma Financial Information

This unaudited pro forma information should not be relied upon as necessarily being indicative of the historical results that would have been obtained if the Merger had actually occurred on those dates, nor of the results that may be obtained in the future.

	Three Months Ended						Nine Months Ended
	September 28, 2014			September 29, 2013			September 28, 2014			September 29, 2013
	(in thousands)
Total revenues	$	265,508		$	255,819		$	255,819		$	—
Net loss	$	(11,003	)	$	(11,349	)	$	(3,268	)	$	(5,223	)

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Stock-Based Compensation Arrangements (Tables)

3 Months Ended

Mar. 29, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Stock-Based Compensation Expense and Associated Tax Benefits Recognized

The following table summarizes stock-based compensation expense and the associated tax benefit recognized in the Consolidated Financial Statements:

	Successor					Predecessor
	Three Months Ended			For the 44 Day Period Ended		For the 47 Day Period Ended
	March 29, 2015			March 30, 2014		February 14, 2014
	(in thousands)
Stock-based compensation costs	$	395		$	—	$	1,117
Portion capitalized as property and equipment (1)	(4		)	—		—
Stock-based compensation costs related to the accelerated vesting of restricted stock awards in connection with the Merger	—			—		11,108
Stock-based compensation expense recognized	$	391		$	—	$	12,225
Tax benefit recognized from stock-based compensation awards (2)	$	—		$	5,043	$	—

 __________________

(1) We capitalize the portion of stock-based compensation costs related to our design, construction, facilities and legal departments that are directly attributable to our store development projects, such as the design and construction of a new store and the remodeling and expansion of our existing stores. Capitalized stock-based compensation cost attributable to our store development projects is included in “Property and equipment, net” in the Consolidated Balance Sheets.

(2) We recorded the $5.0 million tax benefit related to the accelerated vesting of restricted stock awards in the 44 day period endedMarch 30, 2014, as such tax benefit are deductible for income tax purposes on the Successor tax return for fiscal year 2014.

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Income Taxes - Additional Information (Detail) (USD $)	1 Months Ended	3 Months Ended	2 Months Ended
	Mar. 30, 2014	Mar. 29, 2015	Feb. 14, 2014	Dec. 28, 2014
Tax Credit Carryforward [Line Items]
Unrecognized tax benefits		$ 2,300,000		$ 1,900,000
Unrecognized tax benefits that would decrease effective tax rate and provision for income taxes, if recognized		1,400,000
Expected decrease in unrecognized tax benefits within next twelve months		200,000
Total amount of interest and penalties accrued related to unrecognized tax benefits		1,600,000		1,500,000
Successor [Member]
Tax Credit Carryforward [Line Items]
Effective income tax rate	10.00%	45.80%
Deferred income taxes	(8,494,000)	(13,268,000)
Predecessor [Member]
Tax Credit Carryforward [Line Items]
Effective income tax rate			59.10%
Deferred income taxes			$ (1,785,000)

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Indebtedness and Interest Expense - Schedule of Debt (Details) (USD $) In Thousands, unless otherwise specified	Mar. 29, 2015	Dec. 28, 2014	Feb. 19, 2014
Successor [Member]
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,009,402	$ 1,011,313
Unamortized original issue discount	(3,192)	(3,327)
Current portion	(9,545)	(9,545)
Bank indebtedness and other long-term debt, less current portion	996,665	998,441
Term Loan Facility [Member] | Successor [Member]
Debt Instrument [Line Items]
Long-term debt, gross	754,300	756,200
Revolving Credit Facility [Member] | Successor [Member]
Debt Instrument [Line Items]
Long-term debt, gross	0	0
Senior Notes [Member] | Successor [Member]
Debt Instrument [Line Items]
Long-term Debt	255,000
Long-term debt, gross		255,000
Notes Payable, Other Payables [Member] | Successor [Member]
Debt Instrument [Line Items]
Long-term debt, gross	$ 102	$ 113
Senior Notes due 2022 [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			8.00%

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Consolidated Statements of Comprehensive Income (USD $) In Thousands, unless otherwise specified	1 Months Ended	3 Months Ended			2 Months Ended
	Mar. 30, 2014	Mar. 29, 2015	Sep. 28, 2014	Jun. 29, 2014	Feb. 14, 2014
Successor [Member]
Net income (loss)	$ (13,872)	$ 14,742
Components of other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(112)	(1,642)	0	0
Total components of other comprehensive income (loss), net of tax	(112)	(1,642)	0	0
Comprehensive income (loss)	(13,984)	13,100	0	0
Predecessor [Member]
Net income (loss)					704
Components of other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(112)				(541)
Total components of other comprehensive income (loss), net of tax					(541)
Comprehensive income (loss)					163
Retained Earnings [Member] | Successor [Member]
Net income (loss)		14,742	0	0
Retained Earnings [Member] | Predecessor [Member]
Net income (loss)					$ 704

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Goodwill and Intangible Assets

3 Months Ended

Mar. 29, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets, Net

Goodwill and Intangible Assets, Net:

The following table presents changes in the carrying value of goodwill for the three months endedMarch 29, 2015 (in thousands):

	Successor
Balance at December 28, 2014	$	483,444
Additions (1)	539
Balance at March 29, 2015	$	483,983

__________________

(1) In the first quarter of 2015, we recorded certain adjustments to the initial PPP purchase price allocation related to the final settlement of net working capital, the valuation of favorable and unfavorable lease interests and the valuation of PPP’s tradename that resulted in a net increase to goodwill of $0.5 million. See Note 2 “Peter Piper Acquisition” for a discussion of the measurement period adjustments.

The following table presents our indefinite and definite-lived intangible assets at March 29, 2015:

	Successor
	Weighted Average Life (Years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
		(in thousands)
Chuck E. Cheese's tradename	Indefinite	$	400,000	$	—		$	400,000
Peter Piper Pizza tradename (1)(2)	Indefinite	26,700		—			26,700
Favorable lease agreements (2)	10	14,880		(2,135		)	12,745
Franchise agreements	25	53,300		(1,534		)	51,766
		$	494,880	$	(3,669	)	$	491,211

__________________

(1) In connection with the Merger and the PPP Acquisition, we also recorded unfavorable lease liabilities of $10.2 million and $3.9 million, respectively, which are included in “Other current liabilities” and “Other non-current liabilities” in our Consolidated Balance Sheets. Such amounts are being amortized over a weighted average life of 10 years, and are included in “Rent expense” in our Consolidated Statements of Earnings for the Successor periods.

(2) In the first quarter of 2015 we recorded an adjustment of $1.9 million related to the valuation of the PPP tradename and an adjustment of $(1.1) million related to the valuation of the favorable lease agreements intangible asset recorded in connection with the PPP Acquisition. See Note 2 “Acquisition of Peter Piper Pizza” for a discussion of these adjustments.

Amortization expense related to favorable lease agreements was $0.5 million for the three months endedMarch 29, 2015 and $0.2 million for the 44 day period endedMarch 30, 2014, and is included in “Rent expense” in our Consolidated Statements of Earnings. Amortization expense related to franchise agreements was $0.5 million for the three months endedMarch 29, 2015 and $0.1 million for the 44 day period endedMarch 30, 2014, and is included in “Rent expense” in our Consolidated Statements of Earnings. As we did not have any intangible assets related to favorable lease agreements or franchise agreements prior to the Acquisition, we did not incur any amortization expense related to favorable lease agreements or franchise agreements for the 47 day period endedFebruary 14, 2014.

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Stockholders' Equity (Tables)

3 Months Ended

Mar. 29, 2015

Equity [Abstract]

Summary of Changes in Stockholders' Equity

The following table summarizes the changes in stockholders’ equity during the three months ended March 29, 2015:

	Common Stock			Capital In Excess of Par Value		Retained Earnings			Accumulated Other Comprehensive Income
	Shares	Amount										Total
	(in thousands, except share information)
Balance at December 29, 2014	200	$	—	$	355,587	$	(62,088	)	$	(913	)	$	292,586
Net income (loss)	—	—		—		14,742			—			14,742
Other comprehensive income (loss)	—	—		—		—			(1,642		)	(1,642		)
Stock-based compensation costs	—	—		395		—			—			395
Balance at March 29, 2015	200	$	—	$	355,982	$	(47,346	)	$	(2,555	)	$	306,081

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Goodwill and Intangible Assets - Schedule of Goodwill (Details) (USD $) In Thousands, unless otherwise specified	Mar. 29, 2015	Dec. 28, 2014
Predecessor [Member]
Goodwill [Roll Forward]
Goodwill		$ 483,444
Goodwill		483,444
Successor [Member]
Goodwill [Roll Forward]
Goodwill	483,983	483,444
Goodwill	$ 483,983	$ 483,444

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Description of Business and Summary of Significant Accounting Policies (Policies)

3 Months Ended

Mar. 29, 2015

Accounting Policies [Abstract]

Basis of Presentation

Basis of Presentation

The accompanying interim Consolidated Financial Statements are presented for two periods, Predecessor and Successor, which relate to the accounting periods preceding and succeeding the completion of the Merger. The Predecessor and Successor periods have been separated by a vertical line on the face of the Consolidated Financial Statements to highlight the fact that the financial information for such periods has been prepared under two different historical cost bases of accounting. For the purpose of presentation and disclosure, all references to the “Predecessor” relate to CEC Entertainment and its subsidiaries for periods prior to the Merger. All references to the “Successor” relate to CEC Entertainment and its subsidiaries, after giving effect to the Merger, for periods subsequent to the Merger. References to “CEC Entertainment,” the “Company,” “we,” “us” and “our” relate to the Predecessor for periods prior to the Merger and to the Successor for periods subsequent to the Merger.

In connection with our Sale Leaseback Transaction that occurred in August 2014, the Company assigned a portion of its rights in the resulting purchase and sale agreement to a newly formed special purpose entity, a VIE, created by a Qualified Intermediary to facilitate a like-kind exchange pursuant to Internal Revenue Code Section 1031. The assignment resulted in $12.1 million of the sales proceeds from the transaction being received by the VIE. We included the VIE in our Consolidated Financial Statements for the fiscal year ended December 28, 2014. In February 2015, we acquired the VIE, along with its capital improvements and remaining cash balance. The assets, liabilities and operating results of the acquired VIE are not material to our Consolidated Financial Statements.

The Company has a controlling financial interest in International Association of CEC Entertainment, Inc. (the “Association”), a VIE. The Association primarily administers the collection and disbursement of funds (the “Association Funds”) used for advertising, entertainment and media programs that benefit both us and our franchisees. We and our franchisees are required to contribute a percentage of gross sales to these funds and could be required to make additional contributions to fund any deficits that may be incurred by the Association. We include the Association in our Consolidated Financial Statements, as we concluded that we are the primary beneficiary of its variable interests because we (a) have the power to direct the majority of its significant operating activities; (b) provide it unsecured lines of credit; and (c) own the majority of the stores that benefit from the Association’s advertising, entertainment and media expenditures. The assets, liabilities and operating results of the Association are not material to our Consolidated Financial Statements.

Because the Association Funds are required to be segregated and used for specified purposes, we do not reflect franchisee contributions to the Association Funds as revenue, but rather record franchisee contributions as an offset to reported advertising expenses. Our contributions to the Association Funds are eliminated in consolidation. Contributions to the advertising, entertainment and media funds from our franchisees were $0.6 million for the three months ended March 29, 2015, $0.4 million for the 44 day period endedMarch 30, 2014 and $0.4 million for the 47 day period endedFebruary 14, 2014 .

The preparation of these unaudited Consolidated Financial Statements in conformity with accounting principles generally accepted in the United States (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of our unaudited Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Interim Financial Statements

The accompanying Consolidated Financial Statements as of March 29, 2015 and for the three months ended March 29,2015, the 44 day period endedMarch 30, 2014 and the 47 day period endedFebruary 14, 2014, are unaudited and are presented in accordance with the requirements for quarterly reports on Form 10-Q and, consequently, do not include all of the information and footnote disclosures required by GAAP. In the opinion of management, the Company’s Consolidated Financial Statements include all adjustments (consisting solely of normal recurring adjustments) necessary for the fair statement of its consolidated results of operations, financial position and cash flows as of the dates and for the periods presented in accordance with GAAP and the rules and regulations of the United States Securities and Exchange Commission (the “SEC”). Our Consolidated Financial Statements include all necessary reclassification adjustments to conform prior year results to the current period presentation.

Consolidated results of operations for interim periods are not necessarily indicative of results for the full year. The unaudited Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and related notes included in our Annual Report on Form 10-K for the fiscal year ended December 28, 2014, filed with the SEC on March 5, 2015.

Acquisition

The Acquisition has been accounted for as a business combination using the acquisition method of accounting, whereby the purchase price was allocated to tangible and intangible assets acquired and liabilities assumed, based on their estimated fair market values on the Merger date. Fair value measurements have been applied based on assumptions that market participants would use in the pricing of the asset or liability. The purchase price allocation could change in subsequent periods, up to one year from the Merger date. Any subsequent changes to the purchase price allocation that result in material changes to our Consolidated Financial Statements will be adjusted retroactively.

Recently Issued Accounting Guidance

Recently Issued Accounting Guidance

Accounting Guidance Not Yet Adopted: In January 2015, the FASB issued ASU 2015-01, Income Statement - Extraordinary and Unusual Items (Subtopic 225-20). This amendment eliminates the income statement concept of extraordinary items and the requirements for entities to consider whether an underlying event or transaction is extraordinary. This amendment is effective for fiscal years beginning after December 15, 2015, including interim periods therein. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. We do not expect the adoption of this amendment to have a significant impact on our Consolidated Financial Statements.

In April 2015, the FASB issued ASU 2015-03, Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. This amendment requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by this amendment. This amendment is effective for fiscal years beginning after December 15, 2015, including interim periods therein. The amendment should be applied on a retrospective basis, wherein the balance sheet of each individual period should be adjusted to reflect the period-specific effects of applying the new guidance. Early adoption is permitted for financial statements that have not been previously issued. As of March 29, 2015, we have $23.1 million of net deferred financing costs that would be reclassified from a long-term asset to a reduction in the carrying amount of our debt.