2016 Q3 Form 10-Q Financial Statement

#000080788216000033 Filed on August 04, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q3 2014 Q3
Revenue $368.9M $354.1M $344.7M
YoY Change 4.2% 2.72% -1.61%
Cost Of Revenue $217.9M $211.6M $213.9M
YoY Change 2.93% -1.04% -3.8%
Gross Profit $151.1M $142.4M $130.8M
YoY Change 6.08% 8.86% 2.19%
Gross Profit Margin 40.95% 40.22% 37.95%
Selling, General & Admin $42.77M $50.99M $47.42M
YoY Change -16.12% 7.52% -8.94%
% of Gross Profit 28.31% 35.8% 36.25%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.81M $20.17M $20.69M
YoY Change 3.17% -2.5% -1.9%
% of Gross Profit 13.78% 14.17% 15.82%
Operating Expenses $42.77M $50.99M $47.42M
YoY Change -16.12% 7.52% -8.94%
Operating Profit $55.71M $41.67M $29.23M
YoY Change 33.67% 42.6% -5.37%
Interest Expense -$7.600M -$4.500M -$3.500M
YoY Change 68.89% 28.57% 6.06%
% of Operating Profit -13.64% -10.8% -11.98%
Other Income/Expense, Net
YoY Change
Pretax Income $48.09M $45.89M $39.47M
YoY Change 4.8% 16.28% 42.92%
Income Tax $17.31M $17.53M $13.34M
% Of Pretax Income 35.99% 38.19% 33.8%
Net Earnings $30.19M $23.14M $16.16M
YoY Change 30.46% 43.2% -385.71%
Net Earnings / Revenue 8.18% 6.54% 4.69%
Basic Earnings Per Share $0.92 $0.64 $0.41
Diluted Earnings Per Share $0.91 $0.63 $0.40
COMMON SHARES
Basic Shares Outstanding 32.64M shares 37.11M shares 39.69M shares
Diluted Shares Outstanding 33.02M shares 37.66M shares 40.79M shares

Balance Sheet

Concept 2016 Q3 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.600M $17.70M $9.900M
YoY Change -62.71% 78.79% 1.02%
Cash & Equivalents $6.647M $17.74M $10.58M
Short-Term Investments
Other Short-Term Assets $2.073M $3.106M $597.0K
YoY Change -33.26% 420.27% 452.78%
Inventory $7.933M $7.376M $7.481M
Prepaid Expenses $38.06M $16.24M $36.31M
Receivables $46.50M $54.80M $75.70M
Other Receivables $15.50M $0.00 $0.00
Total Short-Term Assets $136.3M $108.0M $146.6M
YoY Change 26.21% -26.34% 25.04%
LONG-TERM ASSETS
Property, Plant & Equipment $717.5M $728.3M $722.1M
YoY Change -1.48% 0.85% -6.32%
Goodwill $149.0M $149.0M $149.1M
YoY Change -0.01% -0.03% 0.06%
Intangibles $14.18M $14.77M $15.60M
YoY Change -3.98% -5.38% -4.8%
Long-Term Investments
YoY Change
Other Assets $274.6M $304.0M $237.3M
YoY Change -9.66% 28.1% -10.71%
Total Long-Term Assets $1.155B $1.196B $1.124B
YoY Change -3.41% 6.4% -6.48%
TOTAL ASSETS
Total Short-Term Assets $136.3M $108.0M $146.6M
Total Long-Term Assets $1.155B $1.196B $1.124B
Total Assets $1.292B $1.304B $1.271B
YoY Change -0.96% 2.62% -3.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $21.29M $32.14M $31.81M
YoY Change -33.76% 1.03% -13.79%
Accrued Expenses $173.8M $170.6M $163.6M
YoY Change 1.87% 4.25% 6.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $26.30M $18.50M $10.90M
YoY Change 42.16% 69.72% -47.85%
Total Short-Term Liabilities $221.3M $229.4M $206.3M
YoY Change -3.51% 11.19% -2.54%
LONG-TERM LIABILITIES
Long-Term Debt $870.0M $640.1M $524.2M
YoY Change 35.92% 22.11% 45.81%
Other Long-Term Liabilities $367.7M $370.1M $309.4M
YoY Change -0.65% 19.59% 8.15%
Total Long-Term Liabilities $367.7M $370.1M $309.4M
YoY Change -0.65% 19.59% 8.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $221.3M $229.4M $206.3M
Total Long-Term Liabilities $367.7M $370.1M $309.4M
Total Liabilities $589.0M $599.4M $515.7M
YoY Change -1.74% 16.23% 3.6%
SHAREHOLDERS EQUITY
Retained Earnings $1.378B $1.316B $1.245B
YoY Change 4.67% 5.72% 6.24%
Common Stock $422.0M $403.8M $357.5M
YoY Change 4.51% 12.94% 20.16%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.821B $1.571B $1.254B
YoY Change 15.91% 25.28% 34.2%
Treasury Stock Shares 48.77M shares 45.31M shares 41.57M shares
Shareholders Equity -$167.5M $15.95M $257.9M
YoY Change
Total Liabilities & Shareholders Equity $1.292B $1.304B $1.271B
YoY Change -0.96% 2.62% -3.68%

Cashflow Statement

Concept 2016 Q3 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $30.19M $23.14M $16.16M
YoY Change 30.46% 43.2% -385.71%
Depreciation, Depletion And Amortization $20.81M $20.17M $20.69M
YoY Change 3.17% -2.5% -1.9%
Cash From Operating Activities $66.20M $74.20M $62.90M
YoY Change -10.78% 17.97% 37.64%
INVESTING ACTIVITIES
Capital Expenditures -$23.70M -$24.90M -$12.60M
YoY Change -4.82% 97.62% -22.7%
Acquisitions
YoY Change
Other Investing Activities $1.100M $500.0K $7.500M
YoY Change 120.0% -93.33% -66.52%
Cash From Investing Activities -$22.60M -$24.40M -$5.100M
YoY Change -7.38% 378.43% -182.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -45.70M -42.50M -57.10M
YoY Change 7.53% -25.57% 9.18%
NET CHANGE
Cash From Operating Activities 66.20M 74.20M 62.90M
Cash From Investing Activities -22.60M -24.40M -5.100M
Cash From Financing Activities -45.70M -42.50M -57.10M
Net Change In Cash -2.100M 7.300M 700.0K
YoY Change -128.77% 942.86% -275.0%
FREE CASH FLOW
Cash From Operating Activities $66.20M $74.20M $62.90M
Capital Expenditures -$23.70M -$24.90M -$12.60M
Free Cash Flow $89.90M $99.10M $75.50M
YoY Change -9.28% 31.26% 21.77%

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EffectOfExchangeRateOnCashAndCashEquivalents
-37000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
11000 USD
CY2015Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.382
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.373
CY2016Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.360
CY2015Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
56223000 USD
CY2016Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
46002000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
17781000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
3822000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
17781000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
3822000 USD
CY2015Q3 us-gaap Fair Value Liabilities Measured On Recurring Basis Obligations
FairValueLiabilitiesMeasuredOnRecurringBasisObligations
61377000 USD
CY2016Q3 us-gaap Fair Value Liabilities Measured On Recurring Basis Obligations
FairValueLiabilitiesMeasuredOnRecurringBasisObligations
88489000 USD
CY2015Q3 us-gaap Franchise Costs
FranchiseCosts
3449000 USD
us-gaap Franchise Costs
FranchiseCosts
11915000 USD
CY2016Q3 us-gaap Franchise Costs
FranchiseCosts
3654000 USD
us-gaap Franchise Costs
FranchiseCosts
12423000 USD
CY2015Q3 us-gaap Franchise Revenue
FranchiseRevenue
36476000 USD
us-gaap Franchise Revenue
FranchiseRevenue
120758000 USD
CY2016Q3 us-gaap Franchise Revenue
FranchiseRevenue
37231000 USD
us-gaap Franchise Revenue
FranchiseRevenue
121852000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-1074000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-2295000 USD
CY2015Q3 us-gaap Goodwill
Goodwill
149027000 USD
CY2016Q3 us-gaap Goodwill
Goodwill
149007000 USD
us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
-20000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
28363000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
88823000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
30784000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
93709000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
45891000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
141562000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
48092000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
148306000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.76
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.34
CY2016Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.94
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.75
CY2015Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.75
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.30
CY2016Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.93
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.72
CY2015Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-1532000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-3152000 USD
CY2016Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-595000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-1617000 USD
CY2015Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.04
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.08
CY2016Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.02
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.05
CY2015Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.04
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.08
CY2016Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.02
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.05
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
17528000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
52739000 USD
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
17308000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
54597000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
18685000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
33453000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
690000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-7466000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
4215000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1534000 USD
us-gaap Increase Decrease In Construction Payables
IncreaseDecreaseInConstructionPayables
53000 USD
us-gaap Increase Decrease In Construction Payables
IncreaseDecreaseInConstructionPayables
-4882000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-33000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
557000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
5782000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
2992000 USD
us-gaap Increase Decrease In Payables Under Repurchase Agreements
IncreaseDecreaseInPayablesUnderRepurchaseAgreements
-3112000 USD
us-gaap Increase Decrease In Payables Under Repurchase Agreements
IncreaseDecreaseInPayablesUnderRepurchaseAgreements
0 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-20760000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
7677000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
6895000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
16333000 USD
CY2015Q3 us-gaap Initial Franchise Fees
InitialFranchiseFees
130000 USD
us-gaap Initial Franchise Fees
InitialFranchiseFees
1113000 USD
CY2016Q3 us-gaap Initial Franchise Fees
InitialFranchiseFees
205000 USD
us-gaap Initial Franchise Fees
InitialFranchiseFees
710000 USD
CY2015Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
14765000 USD
CY2016Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
14177000 USD
CY2015Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-4504000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-13937000 USD
CY2016Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-7613000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-22699000 USD
us-gaap Interest Paid Net
InterestPaidNet
13433000 USD
us-gaap Interest Paid Net
InterestPaidNet
22919000 USD
CY2015Q3 us-gaap Inventory Net
InventoryNet
7376000 USD
CY2016Q3 us-gaap Inventory Net
InventoryNet
7933000 USD
CY2015Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1303979000 USD
CY2016Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1291514000 USD
CY2015Q3 us-gaap Liabilities Current
LiabilitiesCurrent
229389000 USD
CY2016Q3 us-gaap Liabilities Current
LiabilitiesCurrent
221339000 USD
CY2015Q3 us-gaap Liabilities Other Than Longterm Debt Noncurrent
LiabilitiesOtherThanLongtermDebtNoncurrent
142775000 USD
CY2016Q3 us-gaap Liabilities Other Than Longterm Debt Noncurrent
LiabilitiesOtherThanLongtermDebtNoncurrent
148152000 USD
CY2015Q3 us-gaap Life Insurance Corporate Or Bank Owned Amount
LifeInsuranceCorporateOrBankOwnedAmount
99513000 USD
CY2016Q3 us-gaap Life Insurance Corporate Or Bank Owned Amount
LifeInsuranceCorporateOrBankOwnedAmount
104521000 USD
CY2015Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
688579000 USD
CY2016Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
869982000 USD
CY2015Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
26677000 USD
CY2016Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
26286000 USD
us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
45000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-105012000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-90036000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-52968000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-67770000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
165145000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
146699000 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
26831000 USD
us-gaap Net Income Loss
NetIncomeLoss
85671000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
30189000 USD
us-gaap Net Income Loss
NetIncomeLoss
92092000 USD
CY2015Q3 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
1726000 USD
CY2016Q3 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
1526000 USD
CY2014Q2 us-gaap Number Of Interest Rate Derivatives Held
NumberOfInterestRateDerivativesHeld
9
CY2015Q2 us-gaap Number Of Interest Rate Derivatives Held
NumberOfInterestRateDerivativesHeld
11
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
50395000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
155499000 USD
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
55705000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
171005000 USD
CY2015Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
33928000 USD
CY2016Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
33905000 USD
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
4813000 USD
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
2928000 USD
CY2015Q3 us-gaap Other Assets Current
OtherAssetsCurrent
3106000 USD
CY2016Q3 us-gaap Other Assets Current
OtherAssetsCurrent
2073000 USD
CY2015Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
303968000 USD
CY2016Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
274590000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax
-4566000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax
-10143000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax
-6965000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax
-24828000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-2818000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-6260000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-4269000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-15218000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
-1748000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
-3883000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
-2696000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
-9610000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-72000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-56000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-19000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
2000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-48000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-37000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
2000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-11000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-24000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-19000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-8000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1462000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1615000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-3625000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-13086000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-1404000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-4682000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-642000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-2143000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-872000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-2905000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-408000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-1355000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-461000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-1556000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-3180000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
2276000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
7587000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
1050000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
3498000 USD
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
-5027000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
-11699000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
-28008000 USD
CY2015Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
370058000 USD
CY2016Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
367668000 USD
CY2015Q3 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
8277000 USD
CY2016Q3 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
7229000 USD
CY2015Q3 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
10814000 USD
CY2016Q3 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
13980000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1888000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-51000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
254668000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
250000000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1942000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
26556000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
30513000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
54832000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
74971000 USD
us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
14359000 USD
us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
14700000 USD
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
14423000 USD
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
10374000 USD
CY2015Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2016Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
15000000 shares
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
5648000 USD
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
2651000 USD
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
1434000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
14590000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
5093000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
300000000 USD
CY2016Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
15000000 shares
CY2015Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
16240000 USD
CY2016Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
38064000 USD
CY2015Q3 us-gaap Prepaid Rent
PrepaidRent
318000 USD
CY2016Q3 us-gaap Prepaid Rent
PrepaidRent
14404000 USD
CY2015Q3 us-gaap Prepaid Taxes
PrepaidTaxes
7645000 USD
CY2016Q3 us-gaap Prepaid Taxes
PrepaidTaxes
16431000 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
3237000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
742000000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
576000000 USD
us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
0 USD
us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
1213000 USD
CY2015Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1563377000 USD
CY2016Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1592049000 USD
CY2015Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
728263000 USD
CY2016Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
717487000 USD
CY2015Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
47975000 USD
CY2016Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
61990000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
198217000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
19651000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
698000000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
376000000 USD
CY2015Q3 us-gaap Restructuring Costs
RestructuringCosts
10000 USD
us-gaap Restructuring Costs
RestructuringCosts
29000 USD
CY2016Q3 us-gaap Restructuring Costs
RestructuringCosts
7744000 USD
us-gaap Restructuring Costs
RestructuringCosts
7744000 USD
CY2015Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1316119000 USD
CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1377565000 USD
CY2015Q3 us-gaap Revenues
Revenues
359506000 USD
us-gaap Revenues
Revenues
1186249000 USD
CY2016Q3 us-gaap Revenues
Revenues
368938000 USD
us-gaap Revenues
Revenues
1200912000 USD
CY2015Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
270655000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
891455000 USD
CY2016Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
278829000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
9220000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
903842000 USD
CY2015Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
50986000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
166553000 USD
CY2016Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
42768000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
155535000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
10041000 USD
CY2016Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
150000000 USD
CY2015Q3 us-gaap Stockholders Equity
StockholdersEquity
15953000 USD
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
-167475000 USD
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37661000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38630000 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33016000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34469000 shares
CY2015Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
45314529 shares
CY2016Q3 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
CY2016Q3 us-gaap Treasury Stock Value
TreasuryStockValue
1821433000 USD
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37106000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37980000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32642000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34073000 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;">40-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;">July&#160;3, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">July&#160;5, 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 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>

Files In Submission

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