$NDLS
NOODLES & Co

2020 Q4 Form 10-Q Financial Statement

#000127515820000122 Filed on October 29, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q4
Revenue $107.2M $106.0M $118.3M
YoY Change -9.39% -11.82% 1.35%
Cost Of Revenue $79.70M $76.50M $84.70M
YoY Change -5.9% -11.25% 0.12%
Gross Profit $27.50M $29.40M $33.60M
YoY Change -18.15% -13.53% 4.67%
Gross Profit Margin 25.65% 27.74% 28.4%
Selling, General & Admin $22.80M $22.80M $22.80M
YoY Change 0.0% -5.79% 1.79%
% of Gross Profit 82.91% 77.55% 67.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.440M $5.541M $5.458M
YoY Change -0.33% -2.12% -5.73%
% of Gross Profit 19.78% 18.85% 16.24%
Operating Expenses $28.20M $28.40M $28.30M
YoY Change -0.35% -5.02% 0.35%
Operating Profit -$700.0K $722.0K $5.044M
YoY Change -113.88% -41.68% 136.59%
Interest Expense -$400.0K $822.0K $737.0K
YoY Change -154.27% 2.75% -32.57%
% of Operating Profit 113.85% 14.61%
Other Income/Expense, Net
YoY Change
Pretax Income -$3.800M -$100.0K $4.307M
YoY Change -188.23% -122.83% 314.53%
Income Tax $0.00 $27.00K $64.00K
% Of Pretax Income 1.49%
Net Earnings -$3.800M -$127.0K $4.243M
YoY Change -189.56% -129.0% 304.1%
Net Earnings / Revenue -3.54% -0.12% 3.59%
Basic Earnings Per Share $0.00 $0.10
Diluted Earnings Per Share -$85.59K $0.00 $0.09
COMMON SHARES
Basic Shares Outstanding 44.37M shares 44.36M shares 43.99M shares
Diluted Shares Outstanding 44.36M shares 44.90M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.800M $8.600M $3.100M
YoY Change 151.61% 160.61% 63.16%
Cash & Equivalents $7.840M $8.600M $10.46M
Short-Term Investments
Other Short-Term Assets $39.00K $39.00K $1.753M
YoY Change -97.78% -99.19% -73.84%
Inventory $9.643M $9.680M $9.871M
Prepaid Expenses
Receivables $3.428M $3.366M $3.503M
Other Receivables $100.0K $0.00 $200.0K
Total Short-Term Assets $23.71M $25.70M $29.32M
YoY Change -19.13% 23.95% 42.34%
LONG-TERM ASSETS
Property, Plant & Equipment $122.9M $123.4M $128.9M
YoY Change -4.62% -8.37% -8.85%
Goodwill $7.200M $7.154M $7.154M
YoY Change 0.64% 0.0% 11.78%
Intangibles $757.0K $840.0K $883.0K
YoY Change -14.27% -20.53% -36.2%
Long-Term Investments
YoY Change
Other Assets $3.471M $3.066M $2.576M
YoY Change 34.74% 29.04% 0.12%
Total Long-Term Assets $329.9M $337.5M $349.2M
YoY Change -5.52% -6.42% 130.14%
TOTAL ASSETS
Total Short-Term Assets $23.71M $25.70M $29.32M
Total Long-Term Assets $329.9M $337.5M $349.2M
Total Assets $353.6M $363.2M $378.5M
YoY Change -6.58% -4.77% 119.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.402M $13.14M $9.351M
YoY Change -31.54% 73.62% 28.2%
Accrued Expenses $11.63M $13.14M $11.68M
YoY Change -0.4% 54.07% -4.99%
Deferred Revenue $400.0K $2.000M $600.0K
YoY Change -33.33%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.125M $938.0K $750.0K
YoY Change 50.0% 0.0% 9.01%
Total Short-Term Liabilities $58.13M $60.94M $58.03M
YoY Change 0.16% 17.55% 92.64%
LONG-TERM LIABILITIES
Long-Term Debt $40.95M $41.21M $40.50M
YoY Change 1.12% -5.72% -14.01%
Other Long-Term Liabilities $14.16M $8.406M $4.203M
YoY Change 236.9% 72.93% -22.02%
Total Long-Term Liabilities $55.11M $49.62M $44.70M
YoY Change 23.29% 2.15% -14.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $58.13M $60.94M $58.03M
Total Long-Term Liabilities $55.11M $49.62M $44.70M
Total Liabilities $323.9M $330.3M $327.9M
YoY Change -1.22% -1.24% 172.48%
SHAREHOLDERS EQUITY
Retained Earnings -$138.7M -$134.9M -$115.5M
YoY Change 20.14% 13.82% 3.89%
Common Stock $468.0K $468.0K $466.0K
YoY Change 0.43% 0.65% 0.65%
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 $29.70M $32.86M $50.57M
YoY Change
Total Liabilities & Shareholders Equity $353.6M $363.2M $378.5M
YoY Change -6.58% -4.77% 119.65%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q4
OPERATING ACTIVITIES
Net Income -$3.800M -$127.0K $4.243M
YoY Change -189.56% -129.0% 304.1%
Depreciation, Depletion And Amortization $5.440M $5.541M $5.458M
YoY Change -0.33% -2.12% -5.73%
Cash From Operating Activities $810.0K $1.600M $7.260M
YoY Change -88.84% -82.02% -194.16%
INVESTING ACTIVITIES
Capital Expenditures -$1.890M -$3.080M -$5.570M
YoY Change -66.07% -24.14% 92.73%
Acquisitions
YoY Change
Other Investing Activities $840.0K $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities -$1.060M -$3.080M -$5.570M
YoY Change -80.97% -16.76% 133.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -530.0K -51.99M -1.950M
YoY Change -72.82% 1324.38% -123.3%
NET CHANGE
Cash From Operating Activities 810.0K 1.600M 7.260M
Cash From Investing Activities -1.060M -3.080M -5.570M
Cash From Financing Activities -530.0K -51.99M -1.950M
Net Change In Cash -780.0K -53.47M -260.0K
YoY Change 200.0% -3549.68% -84.97%
FREE CASH FLOW
Cash From Operating Activities $810.0K $1.600M $7.260M
Capital Expenditures -$1.890M -$3.080M -$5.570M
Free Cash Flow $2.700M $4.680M $12.83M
YoY Change -78.96% -63.89% -366.18%

Facts In Submission

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dei Current Fiscal Year End Date
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dei Document Fiscal Year Focus
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dei Document Fiscal Period Focus
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dei Document Quarterly Report
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dei Document Period End Date
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2020-09-29
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dei Entity File Number
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dei Entity Registrant Name
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NOODLES & COMPANY
dei Entity Incorporation State Country Code
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dei Entity Tax Identification Number
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dei Security12b Title
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us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
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1811000 USD
us-gaap Net Income Loss
NetIncomeLoss
2830000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
51046000 USD
us-gaap Net Income Loss
NetIncomeLoss
-19440000 USD
us-gaap Net Income Loss
NetIncomeLoss
2830000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
16273000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
16626000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
72000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
64000 USD
ndls Noncashor Part Noncash Asset Disposals Closure Costs And Restaurant Impairments
NoncashorPartNoncashAssetDisposalsClosureCostsAndRestaurantImpairments
3034000 USD
ndls Noncashor Part Noncash Asset Disposals Closure Costs And Restaurant Impairments
NoncashorPartNoncashAssetDisposalsClosureCostsAndRestaurantImpairments
3647000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
260000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
374000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1904000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1780000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-230000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-122000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-75000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
349000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
802000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1062000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3505000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-864000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
27000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-6000 USD
ndls Increase Decrease In Operating Lease Assets And Liabilities
IncreaseDecreaseInOperatingLeaseAssetsAndLiabilities
-1749000 USD
ndls Increase Decrease In Operating Lease Assets And Liabilities
IncreaseDecreaseInOperatingLeaseAssetsAndLiabilities
4034000 USD
ndls Increase Decrease In Accrued Liabilities And Other Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherLiabilities
-858000 USD
ndls Increase Decrease In Accrued Liabilities And Other Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherLiabilities
-5144000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8314000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
16269000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9887000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
13788000 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
-9887000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-14823000 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
54125000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2188000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
686000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
543000 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
-223000 USD
ndls Proceeds From Repayments For Stock Plan Transactions Net Of Tax Withholding On Share Based Awards
ProceedsFromRepaymentsForStockPlanTransactionsNetOfTaxWithholdingOnShareBasedAwards
-284000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-265000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3015000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1838000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1569000 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
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8621000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3086000 USD
CY2020Q3 us-gaap Number Of Restaurants
NumberOfRestaurants
454 restaurant
CY2020Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
29 state
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
us-gaap Fiscal Period
FiscalPeriod
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Fiscal Year</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 2020, which ends on December 29, 2020, and fiscal year 2019, which ended on December 31, 2019, both contain 52 weeks. The Company’s fiscal quarter that ended September 29, 2020 is referred to as the third quarter of 2020, and the fiscal quarter ended October 1, 2019 is referred to as the third quarter of 2019.</span></div>
CY2020Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3366000 USD
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3503000 USD
CY2020Q3 us-gaap Prepaid Insurance
PrepaidInsurance
1189000 USD
CY2019Q4 us-gaap Prepaid Insurance
PrepaidInsurance
724000 USD
CY2020Q3 ndls Prepaid Occupancy Expense Current
PrepaidOccupancyExpenseCurrent
863000 USD
CY2019Q4 ndls Prepaid Occupancy Expense Current
PrepaidOccupancyExpenseCurrent
834000 USD
CY2020Q3 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
1861000 USD
CY2019Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
2075000 USD
CY2020Q3 us-gaap Other Assets Current
OtherAssetsCurrent
39000 USD
CY2019Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1753000 USD
CY2020Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
3952000 USD
CY2019Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
5386000 USD
CY2020Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
331831000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
326222000 USD
CY2020Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
208409000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
197355000 USD
CY2020Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
123422000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
128867000 USD
CY2020Q3 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
3248000 USD
CY2019Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
6364000 USD
CY2020Q3 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
1455000 USD
CY2019Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
3505000 USD
CY2020Q3 ndls Employee Related Liabilities Insurance Current
EmployeeRelatedLiabilitiesInsuranceCurrent
3666000 USD
CY2019Q4 ndls Employee Related Liabilities Insurance Current
EmployeeRelatedLiabilitiesInsuranceCurrent
3610000 USD
CY2020Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
8369000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
13479000 USD
CY2020Q3 ndls Contract With Customer Gift Card Liability Current
ContractWithCustomerGiftCardLiabilityCurrent
1862000 USD
CY2019Q4 ndls Contract With Customer Gift Card Liability Current
ContractWithCustomerGiftCardLiabilityCurrent
2398000 USD
CY2020Q3 ndls Accrued Occupancy Liability Current
AccruedOccupancyLiabilityCurrent
1581000 USD
CY2019Q4 ndls Accrued Occupancy Liability Current
AccruedOccupancyLiabilityCurrent
1458000 USD
CY2020Q3 us-gaap Accrued Utilities Current
AccruedUtilitiesCurrent
1212000 USD
CY2019Q4 us-gaap Accrued Utilities Current
AccruedUtilitiesCurrent
1379000 USD
CY2020Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
2046000 USD
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
555000 USD
CY2020Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1059000 USD
CY2019Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
510000 USD
CY2020Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
5382000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
5379000 USD
CY2020Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
13142000 USD
CY2019Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
11679000 USD
CY2020Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
44000000.0 USD
CY2020Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
1800000 USD
CY2020Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
3200000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
8600000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
938000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1500000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
2125000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
2500000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
36930000 USD
CY2020Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
43993000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
27000 USD
CY2019Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
64000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
73000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
64000 USD
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.270
CY2019Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.015
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.004
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.022
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2900000 shares
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
708000 USD
CY2019Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
-61000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1960000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1820000 USD
CY2020Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
12000 USD
CY2019Q4 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
11000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
50000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
32000 USD
CY2020Q3 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
113000 USD
CY2019Q4 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
89000 USD
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
2375000 USD
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
2554000 USD
CY2020Q3 ndls Cost Increase Decrease Related To Closure Cost Of Restaurants Net Of Offsets
CostIncreaseDecreaseRelatedToClosureCostOfRestaurantsNetOfOffsets
-168000 USD
CY2019Q4 ndls Cost Increase Decrease Related To Closure Cost Of Restaurants Net Of Offsets
CostIncreaseDecreaseRelatedToClosureCostOfRestaurantsNetOfOffsets
-809000 USD
ndls Cost Increase Decrease Related To Closure Cost Of Restaurants Net Of Offsets
CostIncreaseDecreaseRelatedToClosureCostOfRestaurantsNetOfOffsets
345000 USD
ndls Cost Increase Decrease Related To Closure Cost Of Restaurants Net Of Offsets
CostIncreaseDecreaseRelatedToClosureCostOfRestaurantsNetOfOffsets
-675000 USD
CY2020Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-424000 USD
CY2019Q4 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-1056000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-1263000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-1761000 USD
CY2020Q3 ndls Asset Disposals Closure Costsand Restaurant Impairments
AssetDisposalsClosureCostsandRestaurantImpairments
369000 USD
CY2019Q4 ndls Asset Disposals Closure Costsand Restaurant Impairments
AssetDisposalsClosureCostsandRestaurantImpairments
336000 USD
ndls Asset Disposals Closure Costsand Restaurant Impairments
AssetDisposalsClosureCostsandRestaurantImpairments
3983000 USD
ndls Asset Disposals Closure Costsand Restaurant Impairments
AssetDisposalsClosureCostsandRestaurantImpairments
3640000 USD
CY2019Q4 ndls Numberof Restaurants Impaired Duringthe Comparable Periods
NumberofRestaurantsImpairedDuringtheComparablePeriods
0 restaurant
CY2020Q3 ndls Numberof Restaurants Impaired Duringthe Comparable Periods
NumberofRestaurantsImpairedDuringtheComparablePeriods
0 restaurant
ndls Numberof Restaurants Impaired Duringthe Comparable Periods
NumberofRestaurantsImpairedDuringtheComparablePeriods
5 restaurant
ndls Numberof Restaurants Impaired Duringthe Comparable Periods
NumberofRestaurantsImpairedDuringtheComparablePeriods
2 restaurant
CY2020Q3 ndls Number Of Restaurants Closed Near End Of Lease Term
NumberOfRestaurantsClosedNearEndOfLeaseTerm
3 restaurant
us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
600000 USD
CY2020Q3 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
600000 USD
CY2019Q4 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
800000 USD
us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
700000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-127000 USD
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
4243000 USD
us-gaap Net Income Loss
NetIncomeLoss
-19440000 USD
us-gaap Net Income Loss
NetIncomeLoss
2830000 USD
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44358763 shares
CY2019Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43990049 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44238400 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44007345 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2019Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
909127 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
1071194 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44358763 shares
CY2019Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44899176 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44238400 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45078539 shares
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0
CY2019Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.44
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0
CY2019Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.44
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3107448 shares
CY2019Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1748444 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3251799 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1490202 shares
CY2020Q3 ndls Percentage Of Restaurant Dining Rooms Open
PercentageOfRestaurantDiningRoomsOpen
0.90
ndls Deferred Rent Lease Amendments
DeferredRentLeaseAmendments
4200000 USD
CY2020Q2 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
300000 USD
CY2020Q3 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
0 USD
CY2020Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
202993000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
209717000 USD
CY2020Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
3308000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
771000 USD
CY2020Q3 ndls Total Leased Asset
TotalLeasedAsset
206301000 USD
CY2019Q4 ndls Total Leased Asset
TotalLeasedAsset
210488000 USD
CY2020Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
25357000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
22775000 USD
CY2020Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1059000 USD
CY2019Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
510000 USD
CY2020Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
219473000 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
225014000 USD
CY2020Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
2309000 USD
CY2019Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
281000 USD
CY2020Q3 ndls Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
248198000 USD
CY2019Q4 ndls Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
248580000 USD
CY2019Q4 us-gaap Sublease Income
SubleaseIncome
200000 USD
CY2020Q3 us-gaap Sublease Income
SubleaseIncome
200000 USD
us-gaap Sublease Income
SubleaseIncome
700000 USD
us-gaap Sublease Income
SubleaseIncome
400000 USD
CY2020Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
14784000 USD
CY2019Q4 us-gaap Operating Lease Payments
OperatingLeasePayments
10795000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
28358000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
32301000 USD
CY2020Q3 ndls Finance Lease Principal And Interest Payments
FinanceLeasePrincipalAndInterestPayments
324000 USD
CY2019Q4 ndls Finance Lease Principal And Interest Payments
FinanceLeasePrincipalAndInterestPayments
223000 USD
ndls Finance Lease Principal And Interest Payments
FinanceLeasePrincipalAndInterestPayments
776000 USD
ndls Finance Lease Principal And Interest Payments
FinanceLeasePrincipalAndInterestPayments
600000 USD
CY2020Q3 ndls Cash Paid For Operating And Finance Lease Liabilities
CashPaidForOperatingAndFinanceLeaseLiabilities
15108000 USD
CY2019Q4 ndls Cash Paid For Operating And Finance Lease Liabilities
CashPaidForOperatingAndFinanceLeaseLiabilities
11018000 USD
ndls Cash Paid For Operating And Finance Lease Liabilities
CashPaidForOperatingAndFinanceLeaseLiabilities
29134000 USD
ndls Cash Paid For Operating And Finance Lease Liabilities
CashPaidForOperatingAndFinanceLeaseLiabilities
32901000 USD
CY2020Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
108000 USD
CY2019Q4 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2646000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10388000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
7856000 USD
CY2020Q3 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
545000 USD
CY2019Q4 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
3387000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
229000 USD
CY2020Q3 ndls Rightof Use Asset Obtainedin Exchangefor Operating And Finance Lease Liability
RightofUseAssetObtainedinExchangeforOperatingAndFinanceLeaseLiability
653000 USD
CY2019Q4 ndls Rightof Use Asset Obtainedin Exchangefor Operating And Finance Lease Liability
RightofUseAssetObtainedinExchangeforOperatingAndFinanceLeaseLiability
2646000 USD
ndls Rightof Use Asset Obtainedin Exchangefor Operating And Finance Lease Liability
RightofUseAssetObtainedinExchangeforOperatingAndFinanceLeaseLiability
13775000 USD
ndls Rightof Use Asset Obtainedin Exchangefor Operating And Finance Lease Liability
RightofUseAssetObtainedinExchangeforOperatingAndFinanceLeaseLiability
8085000 USD
us-gaap Interest Paid Net
InterestPaidNet
1902000 USD
us-gaap Interest Paid Net
InterestPaidNet
1972000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-78000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
6000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2818000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2538000 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
2800000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
4100000 USD
ndls Contract With Customer Periodin Which Initial Fees Receivedfrom Franchiseeswillbe Recognizedas Revenue
ContractWithCustomerPeriodinWhichInitialFeesReceivedfromFranchiseeswillbeRecognizedasRevenue
P20Y
CY2020Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
2000000.0 USD
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
600000 USD

Files In Submission

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0001275158-20-000122-index-headers.html Edgar Link pending
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0001275158-20-000122.txt Edgar Link pending
0001275158-20-000122-xbrl.zip Edgar Link pending
a2020q3ex101daveboenni.htm Edgar Link pending
a2020q3ex102bradwestem.htm Edgar Link pending
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a2020q3exhibit311.htm Edgar Link pending
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