2020 Q2 Form 10-Q Financial Statement

#000127515820000101 Filed on August 06, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q3 2019 Q2
Revenue $80.16M $120.2M $110.0M
YoY Change -27.16% 2.38% -0.43%
Cost Of Revenue $62.90M $86.20M $82.60M
YoY Change -23.85% 0.23% -0.12%
Gross Profit $17.20M $34.00M $27.40M
YoY Change -37.23% 8.28% -1.44%
Gross Profit Margin 21.46% 28.29% 24.9%
Selling, General & Admin $21.80M $24.20M $22.60M
YoY Change -3.54% 3.42% -2.16%
% of Gross Profit 126.74% 71.18% 82.48%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.397M $5.661M $5.507M
YoY Change -2.0% -2.35% -5.38%
% of Gross Profit 31.38% 16.65% 20.1%
Operating Expenses $27.20M $29.90M $28.10M
YoY Change -3.2% 2.4% -2.77%
Operating Profit -$12.53M $1.238M -$1.090M
YoY Change 1049.08% -129.75% -59.3%
Interest Expense $920.0K $800.0K $761.0K
YoY Change 20.89% -30.68% -33.13%
% of Operating Profit 64.62%
Other Income/Expense, Net
YoY Change
Pretax Income -$13.45M $438.0K -$1.851M
YoY Change 626.36% -107.37% -51.49%
Income Tax $33.00K $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings -$13.48M $438.0K -$1.851M
YoY Change 628.15% -107.38% -48.22%
Net Earnings / Revenue -16.81% 0.36% -1.68%
Basic Earnings Per Share -$0.30 $0.01 -$0.04
Diluted Earnings Per Share -$0.30 $0.01 -$0.04
COMMON SHARES
Basic Shares Outstanding 44.21M shares 43.96M shares 43.93M shares
Diluted Shares Outstanding 44.21M shares 45.08M shares 43.93M shares

Balance Sheet

Concept 2020 Q2 2019 Q3 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $62.10M $3.300M $1.800M
YoY Change 3350.0% -8.33% -30.77%
Cash & Equivalents $62.10M $3.338M $1.800M
Short-Term Investments
Other Short-Term Assets $6.000K $4.800M $3.100M
YoY Change -99.81% -36.0% -44.64%
Inventory $9.510M $9.860M $9.870M
Prepaid Expenses
Receivables $2.406M $2.544M $2.254M
Other Receivables $200.0K $200.0K $100.0K
Total Short-Term Assets $77.73M $20.73M $17.18M
YoY Change 352.44% -10.17% -14.07%
LONG-TERM ASSETS
Property, Plant & Equipment $124.6M $134.7M $138.4M
YoY Change -9.93% -6.86% -7.03%
Goodwill $7.154M $7.154M $7.154M
YoY Change 0.0% 11.78% 11.78%
Intangibles $855.0K $1.057M $1.179M
YoY Change -27.48% -25.67% -22.49%
Long-Term Investments
YoY Change
Other Assets $2.567M $2.376M $2.360M
YoY Change 8.77% -6.75% -8.35%
Total Long-Term Assets $344.7M $360.6M $367.4M
YoY Change -6.19% 132.7% 130.56%
TOTAL ASSETS
Total Short-Term Assets $77.73M $20.73M $17.18M
Total Long-Term Assets $344.7M $360.6M $367.4M
Total Assets $422.4M $381.4M $384.6M
YoY Change 9.84% 114.18% 114.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.38M $7.567M $10.56M
YoY Change 7.73% 19.26% 9.3%
Accrued Expenses $12.48M $8.530M $8.524M
YoY Change 46.39% -65.27% -59.2%
Deferred Revenue $1.700M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $750.0K $938.0K $750.0K
YoY Change 0.0% 42.99%
Total Short-Term Liabilities $60.97M $51.84M $49.20M
YoY Change 23.94% 17.71% 27.6%
LONG-TERM LIABILITIES
Long-Term Debt $93.04M $43.71M $47.04M
YoY Change 97.81% -30.33% -25.19%
Other Long-Term Liabilities $6.662M $4.861M $5.263M
YoY Change 26.58% -30.92% -32.06%
Total Long-Term Liabilities $99.70M $48.58M $52.30M
YoY Change 90.64% -30.39% -25.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $60.97M $51.84M $49.20M
Total Long-Term Liabilities $99.70M $48.58M $52.30M
Total Liabilities $390.1M $334.5M $339.0M
YoY Change 15.09% 120.2% 129.14%
SHAREHOLDERS EQUITY
Retained Earnings -$134.8M -$118.5M -$119.0M
YoY Change 13.29% 5.65% 11.96%
Common Stock $468.0K $465.0K $464.0K
YoY Change 0.86% 6.41% 6.42%
Preferred Stock
YoY Change
Treasury Stock (at cost) $35.00M $35.00M $35.00M
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares 2.424M shares 2.424M shares 2.424M shares
Shareholders Equity $32.28M $46.90M $45.60M
YoY Change
Total Liabilities & Shareholders Equity $422.4M $381.4M $384.6M
YoY Change 9.84% 114.18% 114.44%

Cashflow Statement

Concept 2020 Q2 2019 Q3 2019 Q2
OPERATING ACTIVITIES
Net Income -$13.48M $438.0K -$1.851M
YoY Change 628.15% -107.38% -48.22%
Depreciation, Depletion And Amortization $5.397M $5.661M $5.507M
YoY Change -2.0% -2.35% -5.38%
Cash From Operating Activities $7.370M $8.900M $114.0K
YoY Change 6364.91% 131.77% -111.35%
INVESTING ACTIVITIES
Capital Expenditures -$2.890M -$4.060M $4.164M
YoY Change -169.4% 81.25% -13.34%
Acquisitions $1.387M
YoY Change
Other Investing Activities $0.00 $350.0K -$1.390M
YoY Change -100.0%
Cash From Investing Activities -$2.890M -$3.700M -$5.551M
YoY Change -47.94% 65.18% 15.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $313.0K
YoY Change
Cash From Financing Activities 7.070M -3.650M $2.582M
YoY Change 173.82% 529.31% -49.09%
NET CHANGE
Cash From Operating Activities 7.370M 8.900M $114.0K
Cash From Investing Activities -2.890M -3.700M -$5.551M
Cash From Financing Activities 7.070M -3.650M $2.582M
Net Change In Cash 11.55M 1.550M -$2.855M
YoY Change -504.55% 51.96% 287.38%
FREE CASH FLOW
Cash From Operating Activities $7.370M $8.900M $114.0K
Capital Expenditures -$2.890M -$4.060M $4.164M
Free Cash Flow $10.26M $12.96M -$4.050M
YoY Change -353.33% 113.16% -30.28%

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StockIssuedDuringPeriodValueIncreaseDecreaseStockPlanTransactionsAndOther
-235000 USD
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
1862000 USD
us-gaap Net Income Loss
NetIncomeLoss
-1413000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
46903000 USD
us-gaap Net Income Loss
NetIncomeLoss
-19313000 USD
us-gaap Net Income Loss
NetIncomeLoss
-1413000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
10732000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11168000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
47000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 USD
ndls Noncashor Part Noncash Asset Disposals Closure Costs And Restaurant Impairments
NoncashorPartNoncashAssetDisposalsClosureCostsAndRestaurantImpairments
3029000 USD
ndls Noncashor Part Noncash Asset Disposals Closure Costs And Restaurant Impairments
NoncashorPartNoncashAssetDisposalsClosureCostsAndRestaurantImpairments
2784000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
149000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
250000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1253000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1841000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1190000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
143000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-306000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
347000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-87000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
904000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2722000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1332000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-77000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-6000 USD
ndls Increase Decrease In Operating Lease Assets And Liabilities
IncreaseDecreaseInOperatingLeaseAssetsAndLiabilities
7507000 USD
ndls Increase Decrease In Operating Lease Assets And Liabilities
IncreaseDecreaseInOperatingLeaseAssetsAndLiabilities
-407000 USD
ndls Increase Decrease In Accrued Liabilities And Other Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherLiabilities
-925000 USD
ndls Increase Decrease In Accrued Liabilities And Other Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherLiabilities
-2483000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6707000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9008000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6810000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8217000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
352000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
1387000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6810000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-9252000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
55500000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2375000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
500000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
402000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
338000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
731000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
ndls Proceeds From Repayments For Stock Plan Transactions Net Of Tax Withholding On Share Based Awards
ProceedsFromRepaymentsForStockPlanTransactionsNetOfTaxWithholdingOnShareBasedAwards
-272000 USD
ndls Proceeds From Repayments For Stock Plan Transactions Net Of Tax Withholding On Share Based Awards
ProceedsFromRepaymentsForStockPlanTransactionsNetOfTaxWithholdingOnShareBasedAwards
-235000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
51720000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1073000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
51617000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1317000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10459000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4655000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
62076000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3338000 USD
CY2020Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
29 state
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
us-gaap Fiscal Period
FiscalPeriod
<div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Fiscal Year</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company operates on a 52- or 53-week fiscal year ending on the Tuesday closest to December 31. The Company’s fiscal quarters each contain 13 operating weeks, with the exception of the fourth quarter of a 53-week fiscal year, which contains 14 operating weeks. Fiscal year </span><span style="font-family:inherit;font-size:10pt;">2020</span><span style="font-family:inherit;font-size:10pt;">, which ends on </span><span style="font-family:inherit;font-size:10pt;">December 29, 2020</span><span style="font-family:inherit;font-size:10pt;">, and fiscal year </span><span style="font-family:inherit;font-size:10pt;">2019</span><span style="font-family:inherit;font-size:10pt;">, which ended on </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;">, both contain 52 weeks. The Company’s fiscal quarter that ended </span><span style="font-family:inherit;font-size:10pt;">June 30, 2020</span><span style="font-family:inherit;font-size:10pt;"> is referred to as the </span><span style="font-family:inherit;font-size:10pt;">second</span><span style="font-family:inherit;font-size:10pt;"> quarter of </span><span style="font-family:inherit;font-size:10pt;">2020</span><span style="font-family:inherit;font-size:10pt;">, and the fiscal quarter ended </span><span style="font-family:inherit;font-size:10pt;">July 2, 2019</span><span style="font-family:inherit;font-size:10pt;"> is referred to as the </span><span style="font-family:inherit;font-size:10pt;">second</span><span style="font-family:inherit;font-size:10pt;"> quarter of </span><span style="font-family:inherit;font-size:10pt;">2019</span><span style="font-family:inherit;font-size:10pt;">.</span></div>
CY2020Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2406000 USD
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3503000 USD
CY2020Q2 ndls Prepaid Occupancy Expense Current
PrepaidOccupancyExpenseCurrent
608000 USD
CY2019Q4 ndls Prepaid Occupancy Expense Current
PrepaidOccupancyExpenseCurrent
834000 USD
CY2020Q2 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
2948000 USD
CY2019Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
2799000 USD
CY2020Q2 us-gaap Other Assets Current
OtherAssetsCurrent
6000 USD
CY2019Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1753000 USD
CY2020Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
3562000 USD
CY2019Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
5386000 USD
CY2020Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
328345000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
326222000 USD
CY2020Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
203705000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
197355000 USD
CY2020Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
124640000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
128867000 USD
CY2020Q2 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
5634000 USD
CY2019Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
6364000 USD
CY2020Q2 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
848000 USD
CY2019Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
3505000 USD
CY2020Q2 ndls Employee Related Liabilities Insurance Current
EmployeeRelatedLiabilitiesInsuranceCurrent
3740000 USD
CY2019Q4 ndls Employee Related Liabilities Insurance Current
EmployeeRelatedLiabilitiesInsuranceCurrent
3610000 USD
CY2020Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
10222000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
13479000 USD
CY2020Q2 ndls Contract With Customer Gift Card Liability Current
ContractWithCustomerGiftCardLiabilityCurrent
1900000 USD
CY2019Q4 ndls Contract With Customer Gift Card Liability Current
ContractWithCustomerGiftCardLiabilityCurrent
2398000 USD
CY2020Q2 ndls Accrued Occupancy Liability Current
AccruedOccupancyLiabilityCurrent
1695000 USD
CY2019Q4 ndls Accrued Occupancy Liability Current
AccruedOccupancyLiabilityCurrent
1458000 USD
CY2020Q2 us-gaap Accrued Utilities Current
AccruedUtilitiesCurrent
1221000 USD
CY2019Q4 us-gaap Accrued Utilities Current
AccruedUtilitiesCurrent
1379000 USD
CY2020Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1690000 USD
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
555000 USD
CY2020Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
998000 USD
CY2019Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
510000 USD
CY2020Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4974000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
5379000 USD
CY2020Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
12478000 USD
CY2019Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
11679000 USD
CY2020Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
95700000 USD
CY2020Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
2000000.0 USD
CY2020Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
3200000 USD
CY2020Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-124000 USD
CY2019Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-435000 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
62100000 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
750000 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1313000 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1969000 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
2406000 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
89305000 USD
CY2020Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
95743000 USD
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
33000 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
46000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.002
CY2019Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.002
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2800000 shares
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1094000 USD
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1155000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1253000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1881000 USD
CY2020Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
25000 USD
CY2019Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
10000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
37000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
21000 USD
CY2020Q2 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
2135000 USD
CY2019Q3 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
2276000 USD
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
2262000 USD
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
2465000 USD
CY2020Q2 ndls Costs Relatedto Closureof Restaurants
CostsRelatedtoClosureofRestaurants
299000 USD
CY2019Q3 ndls Costs Relatedto Closureof Restaurants
CostsRelatedtoClosureofRestaurants
173000 USD
ndls Costs Relatedto Closureof Restaurants
CostsRelatedtoClosureofRestaurants
512000 USD
ndls Costs Relatedto Closureof Restaurants
CostsRelatedtoClosureofRestaurants
134000 USD
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.30
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.44
CY2020Q2 ndls Asset Disposals Closure Costsand Restaurant Impairments
AssetDisposalsClosureCostsandRestaurantImpairments
2558000 USD
CY2019Q3 ndls Asset Disposals Closure Costsand Restaurant Impairments
AssetDisposalsClosureCostsandRestaurantImpairments
2884000 USD
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.03
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-840000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-705000 USD
ndls Asset Disposals Closure Costsand Restaurant Impairments
AssetDisposalsClosureCostsandRestaurantImpairments
3614000 USD
ndls Asset Disposals Closure Costsand Restaurant Impairments
AssetDisposalsClosureCostsandRestaurantImpairments
3304000 USD
CY2020Q2 ndls Numberof Restaurants Impaired Duringthe Comparable Periods
NumberofRestaurantsImpairedDuringtheComparablePeriods
5 restaurant
CY2020Q2 ndls Impairment Of Restaurants
ImpairmentOfRestaurants
2100000 USD
CY2019Q3 ndls Numberof Restaurants Impaired Duringthe Comparable Periods
NumberofRestaurantsImpairedDuringtheComparablePeriods
2 restaurant
CY2019Q3 ndls Impairment Of Restaurants
ImpairmentOfRestaurants
2200000 USD
CY2019Q3 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
100000 USD
us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
400000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-13478000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
438000 USD
us-gaap Net Income Loss
NetIncomeLoss
-19313000 USD
us-gaap Net Income Loss
NetIncomeLoss
-1413000 USD
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44212751 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43964175 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44177648 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43955580 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1111713 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44212751 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45075888 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44177648 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43955580 shares
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.30
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.44
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4142754 shares
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1297255 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3309278 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3229030 shares
ndls Deferred Rent Lease Amendments
DeferredRentLeaseAmendments
4000000.0 USD
CY2020Q2 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
300000 USD
CY2020Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
209445000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
209717000 USD
CY2020Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
3086000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
771000 USD
CY2020Q2 ndls Total Leased Asset
TotalLeasedAsset
212531000 USD
CY2019Q4 ndls Total Leased Asset
TotalLeasedAsset
210488000 USD
CY2020Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
26144000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
22775000 USD
CY2020Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
998000 USD
CY2019Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
510000 USD
CY2020Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
229196000 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
225014000 USD
CY2020Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
2127000 USD
CY2019Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
281000 USD
CY2020Q2 ndls Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
258465000 USD
CY2019Q4 ndls Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
248580000 USD
CY2020Q2 us-gaap Sublease Income
SubleaseIncome
100000 USD
CY2019Q3 us-gaap Sublease Income
SubleaseIncome
100000 USD
us-gaap Sublease Income
SubleaseIncome
500000 USD
us-gaap Sublease Income
SubleaseIncome
200000 USD
CY2020Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
6066000 USD
CY2019Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
10813000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
13574000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
21506000 USD
CY2020Q2 ndls Finance Lease Principal And Interest Payments
FinanceLeasePrincipalAndInterestPayments
270000 USD
CY2019Q3 ndls Finance Lease Principal And Interest Payments
FinanceLeasePrincipalAndInterestPayments
160000 USD
ndls Finance Lease Principal And Interest Payments
FinanceLeasePrincipalAndInterestPayments
452000 USD
ndls Finance Lease Principal And Interest Payments
FinanceLeasePrincipalAndInterestPayments
377000 USD
CY2020Q2 ndls Cash Paid For Operating And Finance Lease Liabilities
CashPaidForOperatingAndFinanceLeaseLiabilities
6336000 USD
CY2019Q3 ndls Cash Paid For Operating And Finance Lease Liabilities
CashPaidForOperatingAndFinanceLeaseLiabilities
10973000 USD
ndls Cash Paid For Operating And Finance Lease Liabilities
CashPaidForOperatingAndFinanceLeaseLiabilities
14026000 USD
ndls Cash Paid For Operating And Finance Lease Liabilities
CashPaidForOperatingAndFinanceLeaseLiabilities
21883000 USD
CY2020Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4557000 USD
CY2019Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2049000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10281000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5210000 USD
CY2020Q2 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
1238000 USD
CY2019Q3 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
179000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
2842000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
229000 USD
CY2020Q2 ndls Rightof Use Asset Obtainedin Exchangefor Operating And Finance Lease Liability
RightofUseAssetObtainedinExchangeforOperatingAndFinanceLeaseLiability
5795000 USD
CY2019Q3 ndls Rightof Use Asset Obtainedin Exchangefor Operating And Finance Lease Liability
RightofUseAssetObtainedinExchangeforOperatingAndFinanceLeaseLiability
2228000 USD
ndls Rightof Use Asset Obtainedin Exchangefor Operating And Finance Lease Liability
RightofUseAssetObtainedinExchangeforOperatingAndFinanceLeaseLiability
13123000 USD
ndls Rightof Use Asset Obtainedin Exchangefor Operating And Finance Lease Liability
RightofUseAssetObtainedinExchangeforOperatingAndFinanceLeaseLiability
5439000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
22747000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
599000 USD
CY2020Q2 ndls Lessee Operating And Finance Lease Liability Payments Remainderof Fiscal Year
LesseeOperatingAndFinanceLeaseLiabilityPaymentsRemainderofFiscalYear
23346000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
44433000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
978000 USD
CY2020Q2 ndls Lessee Operating And Finance Lease Liability Payments Due Year One
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearOne
45411000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
43604000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
836000 USD
CY2020Q2 ndls Lessee Operating And Finance Lease Liability Payments Due Year Two
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearTwo
44440000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
42514000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
682000 USD
CY2020Q2 ndls Lessee Operating And Finance Lease Liability Payments Due Year Three
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearThree
43196000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
40982000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
218000 USD
CY2020Q2 ndls Lessee Operating And Finance Lease Liability Payments Due Year Four
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearFour
41200000 USD
CY2020Q2 ndls Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
170200000 USD
CY2020Q2 ndls Finance Lease Liability Payments Due After Year Four
FinanceLeaseLiabilityPaymentsDueAfterYearFour
37000 USD
CY2020Q2 ndls Lessee Operating And Finance Lease Liability Payments Due After Yearfour
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueAfterYearfour
170237000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
364480000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
3350000 USD
CY2020Q2 ndls Lessee Operating And Finance Lease Liability Payments Due
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDue
367830000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
109140000 USD
CY2020Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
225000 USD
CY2020Q2 ndls Lessee Operating And Finance Lease Liability Undiscounted Excess Amount
LesseeOperatingAndFinanceLeaseLiabilityUndiscountedExcessAmount
109365000 USD
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
255340000 USD
CY2020Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
3125000 USD
CY2020Q2 ndls Operating And Finance Lease Liability Present Value
OperatingAndFinanceLeaseLiabilityPresentValue
258465000 USD
us-gaap Interest Paid Net
InterestPaidNet
1666000 USD
us-gaap Interest Paid Net
InterestPaidNet
1382000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
25000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
6000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1793000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2392000 USD
ndls Revenue Recognition Gift Cards Expected Unredeemed Percent
RevenueRecognitionGiftCardsExpectedUnredeemedPercent
0.09
ndls Revenue Recognition Gift Cards Estimated Redemption Period
RevenueRecognitionGiftCardsEstimatedRedemptionPeriod
P24M
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2100000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3200000 USD
ndls Contract With Customer Periodin Which Initial Fees Receivedfrom Franchiseeswillbe Recognizedas Revenue
ContractWithCustomerPeriodinWhichInitialFeesReceivedfromFranchiseeswillbeRecognizedasRevenue
P20Y
CY2020Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1700000 USD
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
600000 USD

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0001275158-20-000101.txt Edgar Link pending
0001275158-20-000101-xbrl.zip Edgar Link pending
a2020q210q.htm Edgar Link pending
a2020q210q_htm.xml Edgar Link completed
a2020q2exhibit311.htm Edgar Link pending
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