2018 Q2 Form 10-Q Financial Statement

#000080788218000007 Filed on May 17, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $209.8M $265.9M
YoY Change -21.1% -26.38%
Cost Of Revenue $83.88M $137.3M
YoY Change -38.9% -36.95%
Gross Profit $125.9M $128.6M
YoY Change -2.11% -10.33%
Gross Profit Margin 60.02% 48.37%
Selling, General & Admin $26.59M $25.86M
YoY Change 2.83% -44.85%
% of Gross Profit 21.12% 20.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.96M $16.12M
YoY Change -13.44% -21.92%
% of Gross Profit 11.08% 12.54%
Operating Expenses $26.59M $25.86M
YoY Change 2.83% -44.85%
Operating Profit $46.82M $59.76M
YoY Change -21.65% 13.21%
Interest Expense -$10.40M -$9.000M
YoY Change 15.56% 30.43%
% of Operating Profit -22.21% -15.06%
Other Income/Expense, Net -$400.0K
YoY Change
Pretax Income $36.41M $50.72M
YoY Change -28.22% 10.57%
Income Tax $11.43M $19.33M
% Of Pretax Income 31.38% 38.11%
Net Earnings $47.61M $33.09M
YoY Change 43.85% 15.38%
Net Earnings / Revenue 22.69% 12.45%
Basic Earnings Per Share $1.64 $1.07
Diluted Earnings Per Share $1.62 $1.06
COMMON SHARES
Basic Shares Outstanding 29.04M shares 30.90M shares
Diluted Shares Outstanding 29.36M shares 31.13M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.200M $6.400M
YoY Change -81.25% -27.27%
Cash & Equivalents $6.400M
Short-Term Investments
Other Short-Term Assets $3.582M $2.350M
YoY Change 52.43% -10.17%
Inventory $2.559M $7.769M
Prepaid Expenses $11.95M $20.78M
Receivables $50.40M $30.30M
Other Receivables $52.00M $9.400M
Total Short-Term Assets $145.1M $112.1M
YoY Change 29.43% -17.36%
LONG-TERM ASSETS
Property, Plant & Equipment $443.3M $654.2M
YoY Change -32.23% -8.42%
Goodwill $47.41M $175.5M
YoY Change -72.99% 17.79%
Intangibles $710.0K $14.16M
YoY Change -94.99% -1.41%
Long-Term Investments
YoY Change
Other Assets $238.4M $274.8M
YoY Change -13.25% -4.56%
Total Long-Term Assets $286.5M $1.119B
YoY Change -74.39% -4.03%
TOTAL ASSETS
Total Short-Term Assets $145.1M $112.1M
Total Long-Term Assets $286.5M $1.119B
Total Assets $875.0M $1.231B
YoY Change -28.91% -5.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $24.50M $42.23M
YoY Change -41.99% 50.32%
Accrued Expenses $100.2M $140.6M
YoY Change -28.74% -14.85%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $42.90M $55.80M
YoY Change -23.12% 112.17%
Total Short-Term Liabilities $167.5M $238.6M
YoY Change -29.78% 8.71%
LONG-TERM LIABILITIES
Long-Term Debt $900.4M $1.135B
YoY Change -20.69% 24.84%
Other Long-Term Liabilities $238.0M $326.5M
YoY Change -27.09% -10.13%
Total Long-Term Liabilities $1.138B $326.5M
YoY Change 248.72% -10.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $167.5M $238.6M
Total Long-Term Liabilities $1.138B $326.5M
Total Liabilities $1.306B $565.0M
YoY Change 131.13% -3.03%
SHAREHOLDERS EQUITY
Retained Earnings $1.522B $1.443B
YoY Change 5.46% 6.33%
Common Stock $460.6M $449.1M
YoY Change 2.58% 8.04%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.290B $2.190B
YoY Change 4.57% 20.26%
Treasury Stock Shares 53.52M shares 52.41M shares
Shareholders Equity -$430.9M -$469.4M
YoY Change
Total Liabilities & Shareholders Equity $875.0M $1.231B
YoY Change -28.91% -5.42%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $47.61M $33.09M
YoY Change 43.85% 15.38%
Depreciation, Depletion And Amortization $13.96M $16.12M
YoY Change -13.44% -21.92%
Cash From Operating Activities -$34.90M $49.80M
YoY Change -170.08% 39.89%
INVESTING ACTIVITIES
Capital Expenditures -$11.60M -$7.000M
YoY Change 65.71% -68.33%
Acquisitions
YoY Change
Other Investing Activities $312.0M $34.30M
YoY Change 809.62% 736.59%
Cash From Investing Activities $300.4M $27.30M
YoY Change 1000.37% -252.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -271.2M -76.40M
YoY Change 254.97% 377.5%
NET CHANGE
Cash From Operating Activities -34.90M 49.80M
Cash From Investing Activities 300.4M 27.30M
Cash From Financing Activities -271.2M -76.40M
Net Change In Cash -5.700M 700.0K
YoY Change -914.29% -58.82%
FREE CASH FLOW
Cash From Operating Activities -$34.90M $49.80M
Capital Expenditures -$11.60M -$7.000M
Free Cash Flow -$23.30M $56.80M
YoY Change -141.02% -1.56%

Facts In Submission

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CY2017Q2 us-gaap Costs And Expenses
CostsAndExpenses
206124000 USD
us-gaap Costs And Expenses
CostsAndExpenses
492516000 USD
CY2018Q2 us-gaap Costs And Expenses
CostsAndExpenses
162952000 USD
us-gaap Costs And Expenses
CostsAndExpenses
384608000 USD
CY2018Q3 us-gaap Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
10700000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2428000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
34726000 USD
CY2017Q4 us-gaap Deferred Rent Credit Current
DeferredRentCreditCurrent
18961000 USD
CY2018Q2 us-gaap Deferred Rent Credit Current
DeferredRentCreditCurrent
10646000 USD
CY2017Q4 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
33749000 USD
CY2018Q2 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
32511000 USD
CY2017Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
46962000 USD
CY2018Q2 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
47562000 USD
CY2017Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
105117000 USD
CY2018Q2 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
62889000 USD
CY2017Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
107011000 USD
CY2018Q2 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
102864000 USD
CY2017Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
16122000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
37385000 USD
CY2018Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
13955000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
33112000 USD
CY2018Q2 us-gaap Derivative Floor Interest Rate
DerivativeFloorInterestRate
0
CY2017Q4 us-gaap Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
280796000 USD
CY2018Q2 us-gaap Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
0 USD
CY2017Q2 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
7779000 USD
us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
7916000 USD
CY2018Q2 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
5472000 USD
us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
14412000 USD
us-gaap Dividends Common Stock
DividendsCommonStock
23500000 USD
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.07
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.18
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.64
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.04
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.06
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.16
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.62
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.01
us-gaap Effect Of Exchange Rate On Cash
EffectOfExchangeRateOnCash
0 USD
us-gaap Effect Of Exchange Rate On Cash
EffectOfExchangeRateOnCash
6000 USD
CY2017Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.381
CY2017Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.381
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.384
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.384
CY2018Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.314
CY2018Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.314
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.607
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.607
CY2017Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.379
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.382
CY2018Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.294
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.291
CY2017Q2 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0
us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0
CY2018Q2 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.016
us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.324
CY2017Q2 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0
us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0
CY2018Q2 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0
us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.009
CY2017Q2 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.002
us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.002
CY2018Q2 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.004
us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.001
CY2017Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
23361000 USD
CY2018Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
25416000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
4034000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
0 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
4034000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
-800000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
800000 USD
CY2017Q4 us-gaap Fair Value Liabilities Measured On Recurring Basis Obligations
FairValueLiabilitiesMeasuredOnRecurringBasisObligations
60146000 USD
CY2018Q2 us-gaap Fair Value Liabilities Measured On Recurring Basis Obligations
FairValueLiabilitiesMeasuredOnRecurringBasisObligations
42325000 USD
CY2017Q2 us-gaap Franchise Costs
FranchiseCosts
1734000 USD
us-gaap Franchise Costs
FranchiseCosts
4271000 USD
CY2018Q2 us-gaap Franchise Costs
FranchiseCosts
2583000 USD
us-gaap Franchise Costs
FranchiseCosts
5065000 USD
CY2017Q2 us-gaap Franchise Revenue
FranchiseRevenue
34314000 USD
us-gaap Franchise Revenue
FranchiseRevenue
77488000 USD
CY2018Q2 us-gaap Franchise Revenue
FranchiseRevenue
37991000 USD
us-gaap Franchise Revenue
FranchiseRevenue
85600000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-957000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-481000 USD
us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
3100000 USD
us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
200000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
51412000 USD
CY2018Q2 us-gaap Goodwill
Goodwill
47414000 USD
CY2017Q2 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
341000 USD
us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
342000 USD
CY2018Q2 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
3807000 USD
us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
3960000 USD
CY2018Q2 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
6200000 USD
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
1400000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
31390000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
65939000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
24981000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
37870000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
50723000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
107103000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
36407000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
96434000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.02
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.09
CY2018Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.86
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.29
CY2017Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.01
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.07
CY2018Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.85
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.27
CY2017Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
1704000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
3084000 USD
CY2018Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
22624000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
21925000 USD
CY2017Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.06
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.10
CY2018Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.78
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.75
CY2017Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.05
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.10
CY2018Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.77
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.74
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
19333000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
41164000 USD
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11426000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
58564000 USD
us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
30300000 USD
CY2017Q2 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
19221000 USD
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
40961000 USD
CY2018Q2 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
10717000 USD
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
28037000 USD
CY2017Q2 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
0 USD
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
0 USD
CY2018Q2 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-14000 USD
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-816000 USD
CY2017Q2 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
112000 USD
us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
203000 USD
CY2018Q2 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
146000 USD
us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
139000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
27356000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
12706000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1637000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-3742000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-30003000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-35959000 USD
us-gaap Increase Decrease In Construction Payables
IncreaseDecreaseInConstructionPayables
-1998000 USD
us-gaap Increase Decrease In Construction Payables
IncreaseDecreaseInConstructionPayables
-3465000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-528000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-886000 USD
us-gaap Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
0 USD
us-gaap Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
31506000 USD
us-gaap Increase Decrease In Payables Under Repurchase Agreements
IncreaseDecreaseInPayablesUnderRepurchaseAgreements
4466000 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
-18560000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5458000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-30666000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
13876000 USD
CY2017Q2 us-gaap Initial Franchise Fees
InitialFranchiseFees
2538000 USD
us-gaap Initial Franchise Fees
InitialFranchiseFees
2828000 USD
CY2018Q2 us-gaap Initial Franchise Fees
InitialFranchiseFees
2735000 USD
us-gaap Initial Franchise Fees
InitialFranchiseFees
3730000 USD
CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1413000 USD
CY2018Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
710000 USD
CY2017Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-9037000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-19446000 USD
CY2018Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-10413000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-23193000 USD
us-gaap Interest Paid Net
InterestPaidNet
18460000 USD
us-gaap Interest Paid Net
InterestPaidNet
23522000 USD
CY2017Q4 us-gaap Inventory Net
InventoryNet
3445000 USD
CY2018Q2 us-gaap Inventory Net
InventoryNet
2559000 USD
CY2018Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
31400000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1234745000 USD
CY2018Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
875038000 USD
CY2017Q4 us-gaap Liabilities Current
LiabilitiesCurrent
261990000 USD
CY2018Q2 us-gaap Liabilities Current
LiabilitiesCurrent
167535000 USD
CY2017Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
1360885000 USD
CY2018Q2 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
1138413000 USD
CY2017Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
34345000 USD
CY2018Q2 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
0 USD
CY2017Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
32078000 USD
CY2018Q2 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
0 USD
CY2017Q4 us-gaap Liabilities Other Than Longterm Debt Noncurrent
LiabilitiesOtherThanLongtermDebtNoncurrent
108065000 USD
CY2018Q2 us-gaap Liabilities Other Than Longterm Debt Noncurrent
LiabilitiesOtherThanLongtermDebtNoncurrent
102636000 USD
CY2017Q4 us-gaap Life Insurance Corporate Or Bank Owned Amount
LifeInsuranceCorporateOrBankOwnedAmount
110057000 USD
CY2018Q2 us-gaap Life Insurance Corporate Or Bank Owned Amount
LifeInsuranceCorporateOrBankOwnedAmount
107940000 USD
us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2020-03-01
CY2018Q2 us-gaap Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
0.02
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1079982000 USD
CY2018Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
900402000 USD
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
64225000 USD
CY2018Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
42854000 USD
CY2017Q2 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
9100000 USD
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
21100000 USD
us-gaap Net Income Loss
NetIncomeLoss
69023000 USD
CY2018Q2 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
7300000 USD
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
16100000 USD
CY2018Q2 us-gaap Net Assets Adjusted Balance
NetAssetsAdjustedBalance
200000 USD
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
-9514000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
19538000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
11246000 USD
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
-285572000 USD
us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
-1158000 USD
us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
279078000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-144219000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-326095000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
115167000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
29277000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
33094000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
2000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
47605000 USD
us-gaap Net Income Loss
NetIncomeLoss
59795000 USD
CY2017Q4 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
988000 USD
CY2018Q2 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
22970000 USD
CY2014Q2 us-gaap Number Of Interest Rate Derivatives Held
NumberOfInterestRateDerivativesHeld
9
CY2015Q2 us-gaap Number Of Interest Rate Derivatives Held
NumberOfInterestRateDerivativesHeld
11
CY2018Q2 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2017Q2 us-gaap Number Of Restaurants
NumberOfRestaurants
2260 restaurant
CY2018Q2 us-gaap Number Of Restaurants
NumberOfRestaurants
2245 restaurant
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
59760000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
126549000 USD
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
46820000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
119627000 USD
CY2017Q2 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
7651000 USD
us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
7651000 USD
CY2018Q2 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
863000 USD
us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
863000 USD
CY2017Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
25266000 USD
CY2018Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
22472000 USD
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
745000 USD
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
1502000 USD
CY2017Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1493000 USD
CY2018Q2 us-gaap Other Assets Current
OtherAssetsCurrent
3582000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
277570000 USD
CY2018Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
238424000 USD
CY2017Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
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us-gaap Proceeds From Divestiture Of Businesses
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CY2017Q2 us-gaap Significant Changes Franchises Sold
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us-gaap Significant Changes Franchises Sold
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CY2018Q2 us-gaap Significant Changes Franchises Sold
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us-gaap Significant Changes Franchises Sold
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CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Fiscal Period
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<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 years </font><font style="font-family:inherit;font-size:10pt;">2018</font><font style="font-family:inherit;font-size:10pt;"> and 2017 include </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. All comparisons between </font><font style="font-family:inherit;font-size:10pt;">2018</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2017</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 28-weeks (&#8220;year-to-date&#8221;) ended </font><font style="font-family:inherit;font-size:10pt;">April&#160;15, 2018</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">April&#160;16, 2017</font><font style="font-family:inherit;font-size:10pt;">, respectively, unless otherwise indicated.</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 due to the sale of Qdoba. See Note 2, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Discontinued Operations</font><font style="font-family:inherit;font-size:10pt;">, for further information regarding this sale and the resulting prior year reclassifications. We recorded certain adjustments in </font><font style="font-family:inherit;font-size:10pt;">2018</font><font style="font-family:inherit;font-size:10pt;"> upon the adoption of a new accounting pronouncement; see details regarding the effects of the adoption on our condensed consolidated financial statements below. Further, in </font><font style="font-family:inherit;font-size:10pt;">2018</font><font style="font-family:inherit;font-size:10pt;">, we began presenting depreciation and amortization as a separate line item on our condensed consolidated statements of earnings to better align with similar presentation made by many of our peers and to provide additional disclosure that is meaningful for our investors. The prior year condensed consolidated statements of earnings were adjusted to conform with this new presentation. Depreciation and amortization were previously presented within company restaurant costs, franchise occupancy expenses, selling, general and administrative expenses, and impairment and other charges, net on our 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%;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;">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. GAAP, 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 style="line-height:120%;padding-top:6px;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On December 22, 2017, the SEC issued guidance under Staff Accounting Bulletin No. 118, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Income Tax Accounting Implications of the Tax Cuts and Jobs Act (&#8220;SAB 118&#8221;),</font><font style="font-family:inherit;font-size:10pt;"> directing taxpayers to consider the impact of the U.S. legislation as &#8220;provisional&#8221; when it does not have the necessary information available, prepared or analyzed (including computations) in reasonable detail to complete its accounting for the change in tax law, or if in certain cases, the U.S. Treasury is expected to issue further guidance on the application of certain provisions of the U.S. legislation. See Note 8, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Income Taxes</font><font style="font-family:inherit;font-size:10pt;">, for additional details</font></div></div>

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