2016 Q2 Form 10-Q Financial Statement

#000080788216000030 Filed on May 12, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $361.2M $358.1M
YoY Change 0.85% 5.06%
Cost Of Revenue $217.7M $213.6M
YoY Change 1.95% 1.68%
Gross Profit $143.4M $144.5M
YoY Change -0.78% 10.48%
Gross Profit Margin 39.71% 40.36%
Selling, General & Admin $46.90M $52.47M
YoY Change -10.63% 7.83%
% of Gross Profit 32.7% 36.3%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.65M $20.35M
YoY Change 1.48% -3.61%
% of Gross Profit 14.4% 14.08%
Operating Expenses $46.90M $52.47M
YoY Change -10.63% 7.83%
Operating Profit $52.79M $41.87M
YoY Change 26.08% 27.34%
Interest Expense -$6.900M -$4.200M
YoY Change 64.29% -2.33%
% of Operating Profit -13.07% -10.03%
Other Income/Expense, Net
YoY Change
Pretax Income $45.88M $37.65M
YoY Change 21.85% 31.78%
Income Tax $16.85M $14.29M
% Of Pretax Income 36.72% 37.95%
Net Earnings $28.68M $23.01M
YoY Change 24.68% 45.59%
Net Earnings / Revenue 7.94% 6.42%
Basic Earnings Per Share $0.85 $0.61
Diluted Earnings Per Share $0.84 $0.60
COMMON SHARES
Basic Shares Outstanding 33.66M shares 37.97M shares
Diluted Shares Outstanding 34.18M shares 38.57M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.800M $10.40M
YoY Change -15.38% 14.29%
Cash & Equivalents $8.799M $10.39M
Short-Term Investments
Other Short-Term Assets $2.616M $2.097M
YoY Change 24.75% 90.12%
Inventory $7.873M $7.335M
Prepaid Expenses $24.79M $29.45M
Receivables $59.00M $69.50M
Other Receivables $12.90M $0.00
Total Short-Term Assets $135.7M $166.0M
YoY Change -18.27% 10.73%
LONG-TERM ASSETS
Property, Plant & Equipment $714.4M $695.5M
YoY Change 2.73% -5.37%
Goodwill $149.0M $149.0M
YoY Change -0.02% -0.05%
Intangibles $14.36M $15.15M
YoY Change -5.16% -5.37%
Long-Term Investments
YoY Change
Other Assets $288.0M $236.7M
YoY Change 21.65% -10.47%
Total Long-Term Assets $1.166B $1.096B
YoY Change 6.33% -5.85%
TOTAL ASSETS
Total Short-Term Assets $135.7M $166.0M
Total Long-Term Assets $1.166B $1.096B
Total Assets $1.301B $1.262B
YoY Change 3.09% -3.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $28.10M $28.51M
YoY Change -1.44% -11.33%
Accrued Expenses $165.1M $159.6M
YoY Change 3.42% 17.57%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $26.30M $10.90M
YoY Change 141.28% 0.0%
Total Short-Term Liabilities $219.5M $199.0M
YoY Change 10.26% 11.34%
LONG-TERM LIABILITIES
Long-Term Debt $909.4M $593.0M
YoY Change 53.36% 18.86%
Other Long-Term Liabilities $363.2M $307.4M
YoY Change 18.15% 11.56%
Total Long-Term Liabilities $363.2M $307.4M
YoY Change 18.15% 11.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $219.5M $199.0M
Total Long-Term Liabilities $363.2M $307.4M
Total Liabilities $582.7M $506.5M
YoY Change 15.05% 11.47%
SHAREHOLDERS EQUITY
Retained Earnings $1.357B $1.288B
YoY Change 5.35% 5.6%
Common Stock $415.6M $395.9M
YoY Change 4.98% 16.97%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.821B $1.431B
YoY Change 27.29% 25.88%
Treasury Stock Shares 48.77M shares 43.66M shares
Shareholders Equity -$190.6M $162.9M
YoY Change
Total Liabilities & Shareholders Equity $1.301B $1.262B
YoY Change 3.09% -3.95%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $28.68M $23.01M
YoY Change 24.68% 45.59%
Depreciation, Depletion And Amortization $20.65M $20.35M
YoY Change 1.48% -3.61%
Cash From Operating Activities $35.60M $43.60M
YoY Change -18.35% 59.71%
INVESTING ACTIVITIES
Capital Expenditures -$22.10M -$18.40M
YoY Change 20.11% 85.86%
Acquisitions
YoY Change
Other Investing Activities $4.100M $3.500M
YoY Change 17.14% -57.32%
Cash From Investing Activities -$17.90M -$15.00M
YoY Change 19.33% 837.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -16.00M -27.00M
YoY Change -40.74% 1.89%
NET CHANGE
Cash From Operating Activities 35.60M 43.60M
Cash From Investing Activities -17.90M -15.00M
Cash From Financing Activities -16.00M -27.00M
Net Change In Cash 1.700M 1.600M
YoY Change 6.25% -300.0%
FREE CASH FLOW
Cash From Operating Activities $35.60M $43.60M
Capital Expenditures -$22.10M -$18.40M
Free Cash Flow $57.70M $62.00M
YoY Change -6.94% 66.67%

Facts In Submission

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0.367
us-gaap Effective Income Tax Rate Continuing Operations
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0.372
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41853000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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17073000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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2451000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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17073000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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2451000 USD
CY2015Q3 us-gaap Fair Value Liabilities Measured On Recurring Basis Obligations
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61377000 USD
CY2016Q2 us-gaap Fair Value Liabilities Measured On Recurring Basis Obligations
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80641000 USD
CY2015Q2 us-gaap Franchise Costs
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3743000 USD
us-gaap Franchise Costs
FranchiseCosts
8466000 USD
CY2016Q2 us-gaap Franchise Costs
FranchiseCosts
3907000 USD
us-gaap Franchise Costs
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37003000 USD
us-gaap Franchise Revenue
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84282000 USD
CY2016Q2 us-gaap Franchise Revenue
FranchiseRevenue
36757000 USD
us-gaap Franchise Revenue
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us-gaap Gain Loss On Sale Of Property Plant Equipment
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us-gaap Gain Loss On Sale Of Property Plant Equipment
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CY2015Q3 us-gaap Goodwill
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CY2016Q2 us-gaap Goodwill
Goodwill
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us-gaap Goodwill Period Increase Decrease
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15000 USD
us-gaap Goodwill Written Off Related To Sale Of Business Unit
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32000 USD
CY2015Q2 us-gaap Goodwill Written Off Related To Sale Of Business Unit
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16000 USD
CY2016Q2 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
0 USD
us-gaap Goodwill Written Off Related To Sale Of Business Unit
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10000 USD
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23362000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
60460000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations
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29028000 USD
us-gaap Income Loss From Continuing Operations
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CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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37648000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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95671000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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45875000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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100214000 USD
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IncomeLossFromContinuingOperationsPerBasicShare
0.62
us-gaap Income Loss From Continuing Operations Per Basic Share
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1.58
CY2016Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.86
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.81
CY2015Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.61
us-gaap Income Loss From Continuing Operations Per Diluted Share
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1.55
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IncomeLossFromContinuingOperationsPerDilutedShare
0.85
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.78
CY2015Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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-1620000 USD
CY2016Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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-0.01
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2015Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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-0.01
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2016Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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-0.01
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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-0.03
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IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
35211000 USD
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16847000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
37289000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
1087000 USD
us-gaap Income Taxes Paid
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33184000 USD
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accrued Liabilities
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us-gaap Increase Decrease In Construction Payables
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5395000 USD
us-gaap Increase Decrease In Construction Payables
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Inventories
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497000 USD
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4659000 USD
us-gaap Increase Decrease In Other Operating Capital Net
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782000 USD
us-gaap Increase Decrease In Payables Under Repurchase Agreements
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2442000 USD
us-gaap Increase Decrease In Payables Under Repurchase Agreements
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0 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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2149000 USD
us-gaap Increase Decrease In Receivables
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21841000 USD
us-gaap Increase Decrease In Receivables
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25875000 USD
CY2015Q2 us-gaap Initial Franchise Fees
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608000 USD
us-gaap Initial Franchise Fees
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CY2016Q2 us-gaap Initial Franchise Fees
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us-gaap Initial Franchise Fees
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us-gaap Interest Income Expense Net
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us-gaap Interest Income Expense Net
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us-gaap Interest Paid Net
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us-gaap Interest Paid Net
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CY2016Q2 us-gaap Liabilities Other Than Longterm Debt Noncurrent
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CY2015Q3 us-gaap Life Insurance Corporate Or Bank Owned Amount
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CY2015Q3 us-gaap Long Term Debt And Capital Lease Obligations
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us-gaap Loss Contingency Damages Sought Value
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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90920000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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80453000 USD
CY2015Q2 us-gaap Net Income Loss
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23005000 USD
us-gaap Net Income Loss
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CY2016Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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1706000 USD
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CY2015Q2 us-gaap Number Of Interest Rate Derivatives Held
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CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
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us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
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us-gaap Operating Income Loss
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us-gaap Other Asset Impairment Charges
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us-gaap Other Asset Impairment Charges
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us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
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us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
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us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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CY2016Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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CY2015Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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212000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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CY2016Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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CY2015Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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10000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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16000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
31000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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CY2015Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
8000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2016Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
19000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2015Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
2000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
5000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
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us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
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CY2015Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2016Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2015Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
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CY2016Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
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CY2015Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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CY2016Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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CY2015Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
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2276000 USD
us-gaap Pension And Other Postretirement Benefit Expense
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
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5311000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
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1050000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
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2448000 USD
CY2015Q3 us-gaap Other Liabilities Noncurrent
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us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
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250000000 USD
us-gaap Payments Of Dividends
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20765000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Pension And Other Postretirement Benefit Contributions
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us-gaap Pension And Other Postretirement Benefit Contributions
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us-gaap Pension And Other Postretirement Benefit Expense
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CY2015Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
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PreferredStockParOrStatedValuePerShare
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CY2015Q3 us-gaap Preferred Stock Shares Issued
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PreferredStockSharesIssued
0 shares
CY2015Q3 us-gaap Preferred Stock Value
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PreferredStockValue
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us-gaap Proceeds From Collection Of Notes Receivable
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5314000 USD
us-gaap Proceeds From Collection Of Notes Receivable
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2614000 USD
CY2015Q2 us-gaap Proceeds From Divestiture Of Businesses
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1456000 USD
us-gaap Proceeds From Divestiture Of Businesses
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2630000 USD
CY2016Q2 us-gaap Proceeds From Divestiture Of Businesses
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0 USD
us-gaap Proceeds From Divestiture Of Businesses
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1021000 USD
us-gaap Proceeds From Issuance Of Common Stock
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13894000 USD
us-gaap Proceeds From Issuance Of Common Stock
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1432000 USD
us-gaap Proceeds From Long Term Lines Of Credit
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264000000 USD
us-gaap Proceeds From Long Term Lines Of Credit
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497000000 USD
us-gaap Proceeds From Repayments Of Bank Overdrafts
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0 USD
us-gaap Proceeds From Repayments Of Bank Overdrafts
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2695000 USD
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1563377000 USD
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1576974000 USD
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728263000 USD
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us-gaap Repayments Of Long Term Debt
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us-gaap Repayments Of Long Term Debt
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13065000 USD
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160000000 USD
us-gaap Repayments Of Long Term Lines Of Credit
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264000000 USD
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us-gaap Restructuring Costs
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19000 USD
CY2016Q2 us-gaap Restructuring Costs
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0 USD
us-gaap Restructuring Costs
RestructuringCosts
0 USD
CY2015Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1316119000 USD
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1357178000 USD
CY2015Q2 us-gaap Revenues
Revenues
358122000 USD
us-gaap Revenues
Revenues
826743000 USD
CY2016Q2 us-gaap Revenues
Revenues
361151000 USD
us-gaap Revenues
Revenues
831974000 USD
CY2015Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
268904000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
620800000 USD
CY2016Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
271792000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
625013000 USD
CY2015Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
52472000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
115567000 USD
CY2016Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
46895000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
112767000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
7367000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
7901000 USD
CY2015Q3 us-gaap Stockholders Equity
StockholdersEquity
15953000 USD
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
-190617000 USD
CY2015Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
45314529 shares
CY2016Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
48765738 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
3500000 shares
CY2015Q3 us-gaap Treasury Stock Value
TreasuryStockValue
1571433000 USD
CY2016Q2 us-gaap Treasury Stock Value
TreasuryStockValue
1821433000 USD
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38566000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39039000 shares
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34177000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35256000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37970000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38353000 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33656000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34686000 shares
us-gaap Fiscal Period
FiscalPeriod
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:6px;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Fiscal year</font><font style="font-family:inherit;font-size:10pt;"> &#8212; Our fiscal year is </font><font style="font-family:inherit;font-size:10pt;">52</font><font style="font-family:inherit;font-size:10pt;"> or </font><font style="font-family:inherit;font-size:10pt;">53</font><font style="font-family:inherit;font-size:10pt;"> weeks ending the Sunday closest to </font><font style="font-family:inherit;font-size:10pt;">September 30</font><font style="font-family:inherit;font-size:10pt;">. Fiscal year </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> includes </font><font style="font-family:inherit;font-size:10pt;">53</font><font style="font-family:inherit;font-size:10pt;"> weeks, while fiscal year </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;"> includes </font><font style="font-family:inherit;font-size:10pt;">52</font><font style="font-family:inherit;font-size:10pt;"> weeks. Our first quarter includes </font><font style="font-family:inherit;font-size:10pt;">16</font><font style="font-family:inherit;font-size:10pt;"> weeks and all other quarters include </font><font style="font-family:inherit;font-size:10pt;">12</font><font style="font-family:inherit;font-size:10pt;"> weeks, with the exception of the fourth quarter of fiscal 2016, which includes </font><font style="font-family:inherit;font-size:10pt;">13</font><font style="font-family:inherit;font-size:10pt;"> weeks. All comparisons between </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;"> refer to the </font><font style="font-family:inherit;font-size:10pt;">12-weeks</font><font style="font-family:inherit;font-size:10pt;"> (&#8220;quarter&#8221;) and </font><font style="font-family:inherit;font-size:10pt;">28-weeks</font><font style="font-family:inherit;font-size:10pt;"> (&#8220;year-to-date&#8221;) ended </font><font style="font-family:inherit;font-size:10pt;">April&#160;10, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">April&#160;12, 2015</font><font style="font-family:inherit;font-size:10pt;">, respectively, unless otherwise indicated.</font></div></div>
us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:6px;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Nature of operations</font><font style="font-family:inherit;font-size:10pt;"> &#8212; Founded in 1951, Jack in the Box Inc. (the &#8220;Company&#8221;) operates and franchises Jack in the Box</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;"> quick-service restaurants and Qdoba Mexican Eats</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;"> (&#8220;Qdoba&#8221;) fast-casual restaurants. </font></div></div>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:6px;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications and adjustments</font><font style="font-family:inherit;font-size:10pt;"> &#8212; Certain prior year amounts in the condensed consolidated financial statements have been reclassified to conform to the fiscal </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> presentation.</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In our 2015 Form 10-K, on our consolidated statements of earnings, we began to separately state our franchise revenues derived from rentals and those derived from royalties and other. To provide clarity, we additionally have separately stated the associated rental expense, and depreciation and amortization related to the rental income received from franchisees. For comparison purposes, we have reclassified prior year franchise revenue and franchise costs line items to reflect the new method of presentation in our accompanying condensed consolidated statements of earnings.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of estimates</font><font style="font-family:inherit;font-size:10pt;"> &#8212; In preparing the condensed consolidated financial statements in conformity with U.S. generally accepted accounting principles, management is required to make certain assumptions and estimates that affect reported amounts of assets, liabilities, revenues, expenses and the disclosure of contingencies. In making these assumptions and estimates, management may from time to time seek advice and consider information provided by actuaries and other experts in a particular area. Actual amounts could differ materially from these estimates.</font></div></div>

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