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Fair Value Measurements (Tables)

6 Months Ended

Jun. 17, 2018

Fair Value Disclosures [Abstract]

Carrying Amounts and Fair Values of Certain Assets

The fair values of the Company’s cash equivalents and investments in marketable securities are based on quoted prices in active markets for identical assets. The following tables summarize the carrying amounts and fair values of certain assets at June 17, 2018 and December 31, 2017:

		At June 17, 2018
		Carrying Amount				Fair Value Estimated Using
						Level 1 Inputs				Level 2 Inputs				Level 3 Inputs
Cash equivalents		$	137,794			$	137,794			$	—			$	—
Restricted cash equivalents			90,837				90,837				—				—
Investments in marketable securities			8,866				8,866				—				—
Advertising fund cash equivalents, restricted			27,283				27,283				—				—
Advertising fund investments, restricted			80,152				80,152				—				—
		At December 31, 2017
		Carrying Amount				Fair Value Estimated Using
						Level 1 Inputs				Level 2 Inputs				Level 3 Inputs
Cash equivalents		$	7,933			$	7,933			$	—			$	—
Restricted cash equivalents			96,375				96,375				—				—
Investments in marketable securities			8,119				8,119				—				—
Advertising fund cash equivalents, restricted			19,945				19,945				—				—
Advertising fund investments, restricted			74,007				74,007				—				—

Schedule of Estimated Fair Value

Management estimated the approximate fair values of the 2015 fixed-rate notes, the 2017 fixed-and-floating rate notes and the 2018 fixed-rate notes as follows (in thousands):

		June 17, 2018								December 31, 2017
		Principal Amount				Fair Value				Principal Amount				Fair Value
2015 Five-Year Fixed Rate Notes		$	—			$	—			$	492,500			$	494,470
2015 Ten-Year Fixed Rate Notes			784,000				797,328				788,000				821,884
2017 Five-Year Fixed Rate Notes			595,500				578,826				598,500				592,515
2017 Ten-Year Fixed Rate Notes			992,500				981,583				997,500				1,023,435
2017 Five-Year Floating Rate Notes			297,750				298,941				299,250				300,746
2018 7.5-Year Fixed Rate Notes			425,000				422,875				—				—
2018 9.25-Year Fixed Rate Notes			400,000				402,400				—				—

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109250915&loc=d3e13467-108611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

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- Definition

Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements.

+ References

No definition available.

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