2019 Q4 Form 10-K Financial Statement

#000160636621000015 Filed on March 15, 2021

View on sec.gov

Income Statement

Concept 2019 Q4 2018 2017 Q4
Revenue $107.5M $435.8M $95.20M
YoY Change 1.21% 8.5% 2.94%
Cost Of Revenue $55.30M $223.6M $51.50M
YoY Change 1.28% 3.28% 1.78%
Gross Profit $52.30M $212.3M $43.70M
YoY Change 1.36% 14.63% 4.3%
Gross Profit Margin 48.63% 48.71% 45.9%
Selling, General & Admin $39.00M $166.1M $33.00M
YoY Change -4.41% 30.27% 11.49%
% of Gross Profit 74.57% 78.24% 75.51%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.300M $17.83M $4.480M
YoY Change -9.85% -1.67% 5.41%
% of Gross Profit 8.22% 8.4% 10.25%
Operating Expenses $43.20M $183.9M $37.50M
YoY Change -5.26% 26.3% 10.62%
Operating Profit $5.336M -$9.461M -$9.665M
YoY Change -117.22% -238.64% -601.82%
Interest Expense -$900.0K $3.502M -$800.0K
YoY Change 12.5% -206.12% 14.29%
% of Operating Profit -16.87%
Other Income/Expense, Net -$200.0K $800.0K $5.700M
YoY Change -85.71% 5600.0%
Pretax Income $4.200M -$12.20M -$4.800M
YoY Change -113.21% -233.85% -469.23%
Income Tax $728.0K -$3.208M -$4.800M
% Of Pretax Income 17.33%
Net Earnings $3.498M -$8.994M -$38.00K
YoY Change -114.94% -204.35% -109.09%
Net Earnings / Revenue 3.25% -2.06% -0.04%
Basic Earnings Per Share $0.10 -$0.23 $0.00
Diluted Earnings Per Share $0.10 -$0.23 $0.00
COMMON SHARES
Basic Shares Outstanding 34.50M shares 38.57M 38.47M shares
Diluted Shares Outstanding 35.24M shares 38.57M 38.47M shares

Balance Sheet

Concept 2019 Q4 2018 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.100M $7.000M $8.600M
YoY Change 15.71% -18.6% 290.91%
Cash & Equivalents $8.070M $7.000M $8.550M
Short-Term Investments
Other Short-Term Assets $5.700M $3.000M $2.700M
YoY Change 90.0% 11.11% -15.63%
Inventory $2.009M $2.500M $2.289M
Prepaid Expenses
Receivables $8.500M $9.600M $7.200M
Other Receivables $400.0K $0.00 $0.00
Total Short-Term Assets $24.68M $22.00M $20.73M
YoY Change 11.94% 6.28% 43.68%
LONG-TERM ASSETS
Property, Plant & Equipment $91.78M $104.2M $102.8M
YoY Change -11.87% 1.36% -13.23%
Goodwill $248.7M $248.7M
YoY Change 0.0% 0.0%
Intangibles $61.89M $61.89M
YoY Change 0.0% 0.0%
Long-Term Investments
YoY Change
Other Assets $1.630M $13.20M $1.041M
YoY Change 10.96% 60.98% -25.22%
Total Long-Term Assets $600.1M $428.2M $422.0M
YoY Change 40.14% 1.47% -7.64%
TOTAL ASSETS
Total Short-Term Assets $24.68M $22.00M $20.73M
Total Long-Term Assets $600.1M $428.2M $422.0M
Total Assets $624.8M $450.2M $442.7M
YoY Change 38.76% 1.69% -6.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.627M $9.600M $12.31M
YoY Change -41.16% -21.95% 5.76%
Accrued Expenses $60.00M $61.00M $20.40M
YoY Change -1.64% 199.02% 16.57%
Deferred Revenue $3.006M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $100.0K $100.0K
YoY Change -100.0% 0.0% 0.0%
Total Short-Term Liabilities $73.96M $82.90M $47.33M
YoY Change -10.79% 75.26% 4.43%
LONG-TERM LIABILITIES
Long-Term Debt $97.10M $74.10M $93.20M
YoY Change 31.04% -20.49% -10.64%
Other Long-Term Liabilities $5.679M $28.00M $12.77M
YoY Change -71.64% 2.56% 19.57%
Total Long-Term Liabilities $5.679M $102.1M $12.77M
YoY Change -71.64% -15.27% 19.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $73.96M $82.90M $47.33M
Total Long-Term Liabilities $5.679M $102.1M $12.77M
Total Liabilities $379.2M $185.0M $167.8M
YoY Change 104.98% 10.25% -18.61%
SHAREHOLDERS EQUITY
Retained Earnings -$85.99M -$98.43M
YoY Change -22.46% -8.05%
Common Stock $331.3M $373.4M
YoY Change -11.92% 0.31%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $245.6M $265.2M $275.0M
YoY Change
Total Liabilities & Shareholders Equity $624.8M $450.2M $442.7M
YoY Change 38.76% 1.69% -6.07%

Cashflow Statement

Concept 2019 Q4 2018 2017 Q4
OPERATING ACTIVITIES
Net Income $3.498M -$8.994M -$38.00K
YoY Change -114.94% -204.35% -109.09%
Depreciation, Depletion And Amortization $4.300M $17.83M $4.480M
YoY Change -9.85% -1.67% 5.41%
Cash From Operating Activities $4.240M $45.44M $1.460M
YoY Change 10.42% -15.33% -84.84%
INVESTING ACTIVITIES
Capital Expenditures -$4.590M $27.80M -$7.940M
YoY Change -35.26% -23.28% -27.42%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change
Cash From Investing Activities -$4.590M -$27.80M -$7.940M
YoY Change -35.26% -23.28% -27.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$856.0K
YoY Change 820.43%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.650M -19.22M 7.970M
YoY Change -275.48% 73.93% -362.17%
NET CHANGE
Cash From Operating Activities 4.240M 45.44M 1.460M
Cash From Investing Activities -4.590M -27.80M -7.940M
Cash From Financing Activities -3.650M -19.22M 7.970M
Net Change In Cash -4.000M -1.581M 1.490M
YoY Change 241.88% -124.77% -134.25%
FREE CASH FLOW
Cash From Operating Activities $4.240M $45.44M $1.460M
Capital Expenditures -$4.590M $27.80M -$7.940M
Free Cash Flow $8.830M $17.64M $9.400M
YoY Change -19.21% 1.19% -54.3%

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CY2019 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
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CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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CY2019 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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CY2019 us-gaap Comprehensive Income Net Of Tax
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CY2019 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2019 us-gaap Net Income Loss
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CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2020 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
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CY2020 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2020 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2020 loco Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Otherthan Options Forfeited And Expirations In Period Value
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CY2020 us-gaap Net Income Loss
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CY2020 us-gaap Net Income Loss
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CY2019 us-gaap Net Income Loss
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CY2019 us-gaap Depreciation Depletion And Amortization
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CY2020 us-gaap Provision For Other Credit Losses
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CY2019 us-gaap Provision For Other Credit Losses
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CY2020 us-gaap Share Based Compensation
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CY2019 us-gaap Share Based Compensation
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CY2018 us-gaap Share Based Compensation
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CY2020 loco Tax Receivable Agreement Income Expenses
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CY2019 loco Tax Receivable Agreement Income Expenses
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CY2020 us-gaap Gain Loss On Sale Of Business
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CY2019 us-gaap Gain Loss On Sale Of Other Assets
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CY2018 us-gaap Gain Loss On Sale Of Other Assets
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CY2020 us-gaap Asset Impairment Charges
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CY2019 us-gaap Asset Impairment Charges
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CY2018 us-gaap Asset Impairment Charges
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CY2019 us-gaap Restructuring Costs
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CY2018 us-gaap Restructuring Costs
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CY2020 us-gaap Amortization Of Financing Costs
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CY2019 us-gaap Amortization Of Financing Costs
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CY2018 us-gaap Amortization Of Financing Costs
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CY2019 us-gaap Amortization Of Above And Below Market Leases
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CY2020 us-gaap Deferred Income Tax Expense Benefit
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CY2019 us-gaap Deferred Income Tax Expense Benefit
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CY2020 us-gaap Increase Decrease In Accounts And Other Receivables
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CY2020 us-gaap Increase Decrease In Inventories
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92000
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190000
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CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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2727000
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2020 us-gaap Increase Decrease In Income Taxes
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CY2019 us-gaap Increase Decrease In Income Taxes
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CY2018 us-gaap Increase Decrease In Income Taxes
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37000
CY2020 us-gaap Increase Decrease In Other Operating Assets
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CY2019 us-gaap Increase Decrease In Other Operating Assets
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412000
CY2018 us-gaap Increase Decrease In Other Operating Assets
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CY2019 us-gaap Increase Decrease In Accounts Payable
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CY2018 us-gaap Increase Decrease In Accounts Payable
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482000
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1548000
CY2019 us-gaap Increase Decrease In Employee Related Liabilities
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1044000
CY2018 us-gaap Increase Decrease In Employee Related Liabilities
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235000
CY2020 us-gaap Increase Decrease In Insurance Liabilities
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976000
CY2019 us-gaap Increase Decrease In Insurance Liabilities
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2364000
CY2018 us-gaap Increase Decrease In Insurance Liabilities
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CY2020 loco Payment Related To Tax Receivable Agreement
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CY2019 loco Payment Related To Tax Receivable Agreement
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CY2018 loco Payment Related To Tax Receivable Agreement
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CY2020 us-gaap Increase Decrease In Other Accrued Liabilities
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CY2019 us-gaap Increase Decrease In Other Accrued Liabilities
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CY2018 us-gaap Increase Decrease In Other Accrued Liabilities
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CY2019 us-gaap Net Cash Provided By Used In Operating Activities
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CY2018 us-gaap Net Cash Provided By Used In Operating Activities
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45442000
CY2020 us-gaap Proceeds From Divestiture Of Businesses
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0
CY2019 us-gaap Proceeds From Divestiture Of Businesses
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4770000
CY2018 us-gaap Proceeds From Divestiture Of Businesses
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0
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
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6690000
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
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CY2018 us-gaap Payments To Acquire Property Plant And Equipment
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CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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CY2018 us-gaap Net Cash Provided By Used In Investing Activities
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CY2020 us-gaap Proceeds From Secured Lines Of Credit
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CY2019 us-gaap Proceeds From Secured Lines Of Credit
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CY2018 us-gaap Proceeds From Secured Lines Of Credit
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CY2019 us-gaap Repayments Of Lines Of Credit
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CY2018 us-gaap Repayments Of Lines Of Credit
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CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2018 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2020 us-gaap Proceeds From Issuance Of Common Stock
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CY2019 us-gaap Proceeds From Issuance Of Common Stock
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CY2018 us-gaap Proceeds From Issuance Of Common Stock
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CY2019 us-gaap Payments Of Financing Costs
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CY2018 us-gaap Payments Of Financing Costs
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CY2020 us-gaap Payments For Repurchase Of Common Stock
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CY2019 us-gaap Payments For Repurchase Of Common Stock
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CY2018 us-gaap Payments For Repurchase Of Common Stock
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CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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CY2018 us-gaap Net Cash Provided By Used In Financing Activities
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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020 us-gaap Interest Paid Net
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CY2019 us-gaap Interest Paid Net
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CY2018 us-gaap Interest Paid Net
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CY2019 us-gaap Income Taxes Paid Net
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CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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CY2018 us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2020 us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
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0
CY2019 us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
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CY2018 us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
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CY2020 us-gaap Nature Of Operations
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">1. DESCRIPTION OF BUSINESS</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">El Pollo Loco Holdings, Inc. (“Holdings”) is a Delaware corporation headquartered in Costa Mesa, California. Holdings and its direct and indirect subsidiaries are collectively known as “we,” “us” or the “Company.” The Company’s activities are conducted principally through its indirect wholly-owned subsidiary, El Pollo Loco, Inc. (“EPL”), which develops, franchises, licenses and operates quick-service restaurants under the name El Pollo Loco ®. The restaurants, which are located principally in California but also in Arizona, Nevada, Texas, Utah and Louisiana, specialize in fire-grilling citrus-marinated chicken in a wide variety of contemporary Mexican and LA-inspired entrees, including specialty chicken burritos, chicken quesadillas, chicken tostada salads, chicken tortilla soup, variations on our Pollo Bowl®, Pollo Salads and our Pollo Fit entrees. At December 30, 2020, the Company operated 196 (143 in the greater Los Angeles area) and franchised 283 (136 in the greater Los Angeles area) El Pollo Loco restaurants. In addition, the Company currently licenses one restaurant in the Philippines. The Company’s largest stockholder is Trimaran Pollo Partners, L.L.C. (“LLC”), which is controlled by affiliates of Trimaran Capital, L.L.C. LLC acquired Chicken Acquisition Corp. (“CAC”), a predecessor of Holdings, on November 17, 2005 (the “Acquisition”) and has a 46.0% ownership interest as of December 30, 2020. LLC’s only material asset is its investment in Holdings.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">On April 22, 2014, CAC, its wholly owned subsidiary, Chicken Subsidiary Corp (“CSC”) and CSC’s wholly owned subsidiary, the former El Pollo Loco Holdings, Inc. (“Old Holdings”) entered into the following reorganization transactions: (i) Old Holdings merged with and into CSC with CSC continuing as the surviving corporation; (ii) CSC merged with and into CAC with CAC continuing as the surviving corporation and (iii) CAC renamed itself El Pollo Loco Holdings, Inc.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">Holdings has no material assets or operations. Holdings and Holdings’ direct subsidiary, EPL Intermediate, Inc. (“Intermediate”), guarantee EPL’s 2018 Revolver (see Note 6, “Long-Term Debt”) on a full and unconditional basis and Intermediate has no subsidiaries other than EPL. EPL is a separate and distinct legal entity, and has no obligation to make funds available to Intermediate. EPL and Intermediate may pay dividends to Intermediate and to Holdings, respectively.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">The Company operates in one operating segment. All significant revenues relate to retail sales of food and beverages through either company or franchised restaurants.</p>
CY2020 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2020Q4 us-gaap Long Term Debt
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CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2020 us-gaap Use Of Estimates
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Use of Estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-bottom:12pt;margin:0pt;">The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and revenue and expenses during the period reported. Actual results could materially differ from those estimates. The Company’s significant estimates include estimates for impairment of goodwill, intangible assets and property and equipment, insurance reserves, lease accounting matters, stock-based compensation, tax receivable agreement (the “TRA”) liability, contingent liabilities and income tax valuation allowances.</p>
CY2020 loco Historical Restaurant Dine In Percentage
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0.20
CY2020 loco Employee Expenses Leaves Of Absence And Overtime Covid19
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4900000
CY2020Q2 loco Franchisee Royalty Deferrals Percentage
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0.50
CY2020Q2 loco Franchisee Remodel And New Restaurant Build Requirements Deferral Percentage
FranchiseeRemodelAndNewRestaurantBuildRequirementsDeferralPercentage
1
CY2020 us-gaap Concentration Risk Credit Risk
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Concentration of Risk</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">Cash and cash equivalents are maintained at financial institutions and, at times, balances may exceed federally-insured limits. The Company has never experienced any losses related to these balances.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">The Company had two suppliers for which amounts due at December 30, 2020 totaled 24.2% and 11.4% of the Company’s accounts payable. As of December 25, 2019, the Company had one supplier for which amounts due totaled 11.7% of the Company’s accounts payable. Purchases from the Company’s largest supplier totaled 26.9% of the Company’s purchases for fiscal 2020, 29.0% for fiscal 2019 and 28.8% for fiscal 2018 with no amounts payable at December 30, 2020 or December 25, 2019. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">In fiscal 2020, 2019 and 2018, Company-operated and franchised restaurants in the greater Los Angeles area generated, in the aggregate, approximately 71.3%, 70.5%, and 69.2%, respectively, of total revenue. One franchisee accounted for 11.5% of total accounts receivable as of December 30, 2020, and one franchisee accounted for 10% of total accounts receivable as of December 25, 2019.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">Management believes the loss of the significant supplier or franchisee could have a material adverse effect on the Company’s consolidated results of operations and financial condition.</p>
CY2020 us-gaap Provision For Other Credit Losses
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200000
CY2019 us-gaap Provision For Other Credit Losses
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CY2020 loco Capitalized Internal Wages
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CY2019 us-gaap Interest Costs Incurred Capitalized
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CY2018 us-gaap Interest Costs Incurred Capitalized
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3500000
CY2019 us-gaap Asset Impairment Charges
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3600000
CY2019Q4 loco Number Of Restaurant Closed
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CY2018 us-gaap Asset Impairment Charges
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5100000
CY2018Q4 loco Number Of Restaurant Closed
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7
CY2018 us-gaap Restructuring Costs
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4500000
CY2018Q3 loco Debt Refinancing Costs
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800000
CY2020Q4 us-gaap Accrued Insurance Current
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CY2019Q4 us-gaap Accrued Insurance Current
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CY2020 us-gaap Labor And Related Expense
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CY2019 us-gaap Labor And Related Expense
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9600000
CY2018 us-gaap Labor And Related Expense
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CY2020 loco Promotional Allowances For Restaurant And Franchise Revenue
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7500000
CY2019 loco Promotional Allowances For Restaurant And Franchise Revenue
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8000000.0
CY2018 loco Promotional Allowances For Restaurant And Franchise Revenue
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8800000
CY2020Q3 loco Loyalty Rewards Program Points Needed For One Reward
LoyaltyRewardsProgramPointsNeededForOneReward
50
CY2020Q3 loco Loyalty Rewards Program Award Earned
LoyaltyRewardsProgramAwardEarned
5
CY2020Q3 loco Loyalty Rewards Program Points Needed For One Reward
LoyaltyRewardsProgramPointsNeededForOneReward
100
CY2020Q3 loco Loyalty Rewards Program Award Earned
LoyaltyRewardsProgramAwardEarned
10
CY2020Q3 loco Loyalty Rewards Program Expiration Period For Inactivity
LoyaltyRewardsProgramExpirationPeriodForInactivity
P1Y
CY2020Q3 loco Loyalty Reward Program Unused Reward Expiration Period
LoyaltyRewardProgramUnusedRewardExpirationPeriod
P6M
CY2020Q4 loco Accrued Loyalty Rewards Program Liability Current
AccruedLoyaltyRewardsProgramLiabilityCurrent
900000
CY2019Q4 loco Accrued Loyalty Rewards Program Liability Current
AccruedLoyaltyRewardsProgramLiabilityCurrent
1100000
CY2020 loco Loyalty Rewards Program Expected Loyalty Points Redemption Period
LoyaltyRewardsProgramExpectedLoyaltyPointsRedemptionPeriod
P1Y
CY2020Q4 loco Numberof Commitmentsto Open Franchised Restaurants
NumberofCommitmentstoOpenFranchisedRestaurants
48
CY2020 us-gaap Advertising Expense
AdvertisingExpense
15300000
CY2018 us-gaap Advertising Expense
AdvertisingExpense
16100000
CY2019 us-gaap Advertising Expense
AdvertisingExpense
16100000
CY2020Q4 us-gaap Accrued Advertising Current And Noncurrent
AccruedAdvertisingCurrentAndNoncurrent
100000
CY2019Q4 us-gaap Accrued Advertising Current And Noncurrent
AccruedAdvertisingCurrentAndNoncurrent
500000
CY2020Q4 us-gaap Accrued Advertising Current And Noncurrent
AccruedAdvertisingCurrentAndNoncurrent
100000
CY2020 us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Leases</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">The Company’s operations utilize property, facilities, equipment and vehicles. Buildings and facilities leased from others are primarily for restaurants and support facilities. Restaurants are operated under lease arrangements that generally provide for a fixed base rent and, in some instances, contingent rent based on a percentage of gross operating profit or net revenues more than a defined amount. Initial terms of land and restaurant building leases generally have terms of 20 years, exclusive of options to renew. ROU assets and operating and finance lease liabilities are recognized at the lease commencement date, which is the date the Company takes possession of the property. Operating and finance lease liabilities represent the present value of lease payments not yet paid. ROU assets represent our right to use an underlying asset and are based upon the operating and finance lease liabilities adjusted for prepayments or accrued lease payments, lease incentives, and impairment of ROU assets. To determine the present value of lease payments not yet paid, the Company estimates incremental borrowing rates corresponding to the lease term including reasonably certain renewal periods. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">The Company’s leases generally have escalating rents over the term of the lease, and are recorded on a straight-line basis over the expected lease term. Additionally, tenant incentives used to fund leasehold improvements are recognized when earned and reduce the right-of-use asset related to the lease. These are amortized through the operating lease asset as reductions of expense over the lease term.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">Operating and finance lease liabilities that are based on an index or rate are calculated using the prevailing index or rate at lease commencement. Subsequent escalations in the index or rate and contingent rental payments are recognized as variable lease expenses. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">Leases of equipment primarily consist of restaurant equipment, computer systems and vehicles. The Company subleases facilities to certain franchisees and other non-related parties which are recorded on a straight-line basis. </p>
CY2020Q4 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P20Y
CY2020 us-gaap Gain On Business Interruption Insurance Recovery
GainOnBusinessInterruptionInsuranceRecovery
2000000.0
CY2020 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
100000
CY2019 loco Recoveryof Securities Class Action Legal Costs
RecoveryofSecuritiesClassActionLegalCosts
10000000.0
CY2018 loco Recoveryof Securities Class Action Legal Costs
RecoveryofSecuritiesClassActionLegalCosts
8400000
CY2019Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0
CY2020Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0
CY2020 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
100000
CY2014Q3 loco Percentage Of Operating Loss Carryforwards Tax Savings Payable To Pre Initial Public Offering Stockholders
PercentageOfOperatingLossCarryforwardsTaxSavingsPayableToPreInitialPublicOfferingStockholders
0.85
CY2015 loco Income Tax Expense Benefit Tax Receivable Agreement
IncomeTaxExpenseBenefitTaxReceivableAgreement
41400000
CY2020Q4 loco Tax Receivable Agreement Expected Payments
TaxReceivableAgreementExpectedPayments
3200000
CY2019Q4 loco Tax Receivable Agreement Expected Payments
TaxReceivableAgreementExpectedPayments
8200000
CY2020 loco Payment Related To Tax Receivable Agreement
PaymentRelatedToTaxReceivableAgreement
5200000
CY2019 loco Payment Related To Tax Receivable Agreement
PaymentRelatedToTaxReceivableAgreement
5800000
CY2018 loco Payment Related To Tax Receivable Agreement
PaymentRelatedToTaxReceivableAgreement
7300000
CY2020Q4 loco Minimum Alternate Tax Receivable Cares Act
MinimumAlternateTaxReceivableCaresAct
400000
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
241006000
CY2019Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
236564000
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
161364000
CY2019Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
144786000
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
79642000
CY2019Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
91778000
CY2020 us-gaap Depreciation
Depreciation
16900000
CY2019 us-gaap Depreciation
Depreciation
17900000
CY2018 us-gaap Depreciation
Depreciation
17800000
CY2020 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
3000000.0
CY2019 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
300000
CY2018 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
5100000
CY2020Q4 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P20Y
CY2020 loco Lessee Operating Lease Number Of Renewal Options
LesseeOperatingLeaseNumberOfRenewalOptions
4
CY2019 loco Impairmentof Rightof Use Assets
ImpairmentofRightofUseAssets
3200000
CY2019Q4 loco Numberof Restaurants Sold
NumberofRestaurantsSold
4
CY2019Q4 loco Number Of Restaurant Closed
NumberOfRestaurantClosed
1
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
11000
CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
9000
CY2020 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
27000
CY2019 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
27000
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
27805000
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
27485000
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
23000
CY2019 us-gaap Short Term Lease Cost
ShortTermLeaseCost
34000
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
635000
CY2019 us-gaap Variable Lease Cost
VariableLeaseCost
641000
CY2020 us-gaap Sublease Income
SubleaseIncome
3251000
CY2019 us-gaap Sublease Income
SubleaseIncome
2430000
CY2020 us-gaap Lease Cost
LeaseCost
25250000
CY2019 us-gaap Lease Cost
LeaseCost
25766000
CY2018 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
23700000
CY2018 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
2200000
CY2020 us-gaap Lease Cost
LeaseCost
25250000
CY2019 us-gaap Lease Cost
LeaseCost
25766000
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
24913000
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
26450000
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
39000
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
68000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5863000
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10595000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
1677000
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0
CY2020 loco Right Of Use Asset De Recognition Termination Impairment Or Modifications
RightOfUseAssetDeRecognitionTerminationImpairmentOrModifications
-569000
CY2019 loco Right Of Use Asset De Recognition Termination Impairment Or Modifications
RightOfUseAssetDeRecognitionTerminationImpairmentOrModifications
-4731000
CY2020Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
126000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
28952000
CY2020Q4 loco Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals Next Twelve Months
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentalsNextTwelveMonths
2897000
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
150000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
26460000
CY2020Q4 loco Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentalswithin Two Years
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentalswithinTwoYears
3312000
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
105000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
24115000
CY2020Q4 loco Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentalswithin Three Years
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentalswithinThreeYears
3345000
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
105000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
21821000
CY2020Q4 loco Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentalswithin Four Years
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentalswithinFourYears
3231000
CY2020Q4 loco Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentalswithin Five Years
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentalswithinFiveYears
2881000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
19371000
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
101000
CY2020Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
1684000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
125221000
CY2020Q4 loco Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals Thereafter
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentalsThereafter
24476000
CY2020Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
2271000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
245940000
CY2020Q4 loco Lessee Operating Lease Minimum Sublease Income
LesseeOperatingLeaseMinimumSubleaseIncome
40142000
CY2020Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
509000
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
47375000
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
1762000
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
198565000
CY2020Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
70000
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
19907000
CY2020Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
1692000
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
178658000
CY2020 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
600000
CY2018 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
500000
CY2019 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
500000
CY2020 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
500000
CY2020 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
1257000
CY2019 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
377000
CY2020Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
5216000
CY2019Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
4665000
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
4008000
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
3006000
CY2020Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
321000
CY2019Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
16901000
CY2020Q4 loco Deferred Franchiseand Development Feescurrent
DeferredFranchiseandDevelopmentFeescurrent
503000
CY2019Q4 loco Deferred Franchiseand Development Feescurrent
DeferredFranchiseandDevelopmentFeescurrent
705000
CY2020Q4 loco Deferred Lease Payments Current
DeferredLeasePaymentsCurrent
1793000
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4874000
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3320000
CY2020Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
16715000
CY2019Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
28597000
CY2019Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
5679000
CY2020Q4 loco Deferred Franchise And Development Fees
DeferredFranchiseAndDevelopmentFees
5125000
CY2019Q4 loco Deferred Franchise And Development Fees
DeferredFranchiseAndDevelopmentFees
5612000
CY2020Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
1139000
CY2019Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
0
CY2020Q4 loco Employer Social Security Tax Deferral Noncurrent
EmployerSocialSecurityTaxDeferralNoncurrent
4853000
CY2019Q4 loco Employer Social Security Tax Deferral Noncurrent
EmployerSocialSecurityTaxDeferralNoncurrent
0
CY2020Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
175000
CY2019Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
67000
CY2020Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
11292000
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
520000
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1123000
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
104000
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
220000
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1643000
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
104000
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
220000
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
3350000
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
5991000
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-3526000
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
658000
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
3587000
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
98000
CY2020 loco Deferred Income Tax Expense Benefit Netof Revaluation
DeferredIncomeTaxExpenseBenefitNetofRevaluation
4008000
CY2019 loco Deferred Income Tax Expense Benefit Netof Revaluation
DeferredIncomeTaxExpenseBenefitNetofRevaluation
9578000
CY2018 loco Deferred Income Tax Expense Benefit Netof Revaluation
DeferredIncomeTaxExpenseBenefitNetofRevaluation
-3428000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5651000
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9682000
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3208000
CY2020Q4 loco Minimum Alternate Tax Receivable Cares Act
MinimumAlternateTaxReceivableCaresAct
400000
CY2019Q4 us-gaap Deferred Tax Assets Deferred Gain On Sale Leaseback Transaction
DeferredTaxAssetsDeferredGainOnSaleLeasebackTransaction
31000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Compensated Absences
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsCompensatedAbsences
506000
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.043
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.060
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.050
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.004
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.024
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.069
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.013
CY2020 loco Effective Income Tax Rate Reconciliation Deductions Working Opportunity Tax Credit
EffectiveIncomeTaxRateReconciliationDeductionsWorkingOpportunityTaxCredit
0.009
CY2019 loco Effective Income Tax Rate Reconciliation Deductions Working Opportunity Tax Credit
EffectiveIncomeTaxRateReconciliationDeductionsWorkingOpportunityTaxCredit
0.008
CY2018 loco Effective Income Tax Rate Reconciliation Deductions Working Opportunity Tax Credit
EffectiveIncomeTaxRateReconciliationDeductionsWorkingOpportunityTaxCredit
-0.033
CY2020 loco Effective Income Tax Rate Reconciliation Share Based Compensation Option Exercises
EffectiveIncomeTaxRateReconciliationShareBasedCompensationOptionExercises
-0.066
CY2019 loco Effective Income Tax Rate Reconciliation Share Based Compensation Option Exercises
EffectiveIncomeTaxRateReconciliationShareBasedCompensationOptionExercises
-0.010
CY2018 loco Effective Income Tax Rate Reconciliation Share Based Compensation Option Exercises
EffectiveIncomeTaxRateReconciliationShareBasedCompensationOptionExercises
0.021
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.006
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.003
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.005
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.188
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.279
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.263
CY2019 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
900000
CY2018 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
5100000
CY2020 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
100000
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
6100000
CY2014Q3 loco Percentage Of Operating Loss Carryforwards Tax Savings Payable To Pre Initial Public Offering Stockholders
PercentageOfOperatingLossCarryforwardsTaxSavingsPayableToPreInitialPublicOfferingStockholders
0.85
CY2020 loco Income Tax Expense Benefit Tax Receivable Agreement
IncomeTaxExpenseBenefitTaxReceivableAgreement
100000
CY2019 loco Income Tax Expense Benefit Tax Receivable Agreement
IncomeTaxExpenseBenefitTaxReceivableAgreement
100000
CY2018 loco Income Tax Expense Benefit Tax Receivable Agreement
IncomeTaxExpenseBenefitTaxReceivableAgreement
-800000
CY2018 loco Income Tax Expense Benefit Tax Receivable Agreement
IncomeTaxExpenseBenefitTaxReceivableAgreement
-5600000
CY2020 loco Payment Related To Tax Receivable Agreement
PaymentRelatedToTaxReceivableAgreement
5200000
CY2020Q4 us-gaap Deferred Tax Assets Deferred Gain On Sale Leaseback Transaction
DeferredTaxAssetsDeferredGainOnSaleLeasebackTransaction
27000
CY2020Q4 loco Deferred Tax Asset Right Of Use Asset
DeferredTaxAssetRightOfUseAsset
53875000
CY2019Q4 loco Deferred Tax Asset Right Of Use Asset
DeferredTaxAssetRightOfUseAsset
57931000
CY2020Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
6349000
CY2019Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
4698000
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
75878000
CY2019Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
83849000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Compensated Absences
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsCompensatedAbsences
454000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Legal Settlements
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsLegalSettlements
4434000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
1894000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
1090000
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
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CY2019Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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