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SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF THE REGISTRANT | 12 Months Ended
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Dec. 30, 2018
Condensed Financial Information Disclosure [Abstract] |
SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF THE REGISTRANT | SCHEDULE I – CONDENSED FINANCIAL INFORMATION OF THE REGISTRANT Domino’s Pizza, Inc. PARENT COMPANY CONDENSED BALANCE SHEETS (In thousands, except share and per share amounts)
|  | December 30, |  |  | December 31, |
|  | 2018 |  |  | 2017 |
ASSETS |  |  |  |  |  |  |  |
ASSETS: |  |  |  |  |  |  |  |
Cash |  | $ | 6 |  |  | $ | 6 |
Total assets |  | $ | 6 |  |  | $ | 6 |
LIABILITIES AND STOCKHOLDERS’ DEFICIT |  |  |  |  |  |  |  |
LIABILITIES: |  |  |  |  |  |  |  |
Equity in net deficit of subsidiaries |  | $ | 3,039,921 |  |  | $ | 2,735,384 |
Due to subsidiary |  |  | 6 |  |  |  | 6 |
Total liabilities |  |  | 3,039,927 |  |  |  | 2,735,390 |
STOCKHOLDERS’ DEFICIT: |  |  |  |  |  |  |  |
Common stock, par value $0.01 per share; 170,000,000 shares authorized; 40,977,561 in 2018 and 42,898,329 in 2017 issued and outstanding |  |  | 410 |  |  |  | 429 |
Preferred stock, par value $0.01 per share; 5,000,000 shares authorized, none issued |  |  | — |  |  |  | — |
Additional paid-in capital |  |  | 569 |  |  |  | 5,654 |
Retained deficit |  |  | (3,036,471 | ) |  |  | (2,739,437 | )
Accumulated other comprehensive loss |  |  | (4,429 | ) |  |  | (2,030 | )
Total stockholders’ deficit |  |  | (3,039,921 | ) |  |  | (2,735,384 | )
Total liabilities and stockholders’ deficit |  | $ | 6 |  |  | $ | 6 |
See accompanying notes to the Schedule I. Domino’s Pizza, Inc. PARENT COMPANY CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (In thousands, except share and per share amounts)
|  | For the Years Ended |
|  | December 30, |  |  | December 31, |  |  | January 1, |
|  | 2018 |  |  | 2017 |  |  | 2017 |
REVENUES |  | $ | — |  |  | $ | — |  |  | $ | — |
Total revenues |  |  | — |  |  |  | — |  |  |  | — |
OPERATING EXPENSES |  |  | — |  |  |  | — |  |  |  | — |
Total operating expenses |  |  | — |  |  |  | — |  |  |  | — |
INCOME FROM OPERATIONS |  |  | — |  |  |  | — |  |  |  | — |
Equity earnings in subsidiaries |  |  | 361,972 |  |  |  | 277,905 |  |  |  | 214,678 |
INCOME BEFORE PROVISION FOR INCOME TAXES |  |  | 361,972 |  |  |  | 277,905 |  |  |  | 214,678 |
PROVISION FOR INCOME TAXES |  |  | — |  |  |  | — |  |  |  | — |
NET INCOME |  | $ | 361,972 |  |  | $ | 277,905 |  |  | $ | 214,678 |
COMPREHENSIVE INCOME |  | $ | 359,924 |  |  | $ | 278,985 |  |  | $ | 215,116 |
EARNINGS PER SHARE: |  |  |  |  |  |  |  |  |  |  |  |
Common Stock – basic |  | $ | 8.65 |  |  | $ | 6.05 |  |  | $ | 4.41 |
Common Stock – diluted |  | $ | 8.35 |  |  | $ | 5.83 |  |  | $ | 4.30 |
See accompanying notes to the Schedule I. Domino’s Pizza, Inc. PARENT COMPANY CONDENSED STATEMENTS OF CASH FLOWS (In thousands)
|  | For the Years Ended |
|  | December 30, |  |  | December 31, |  |  | January 1, |
|  | 2018 |  |  | 2017 |  |  | 2017 |
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |
Net cash provided by operating activities |  | $ | 382,716 |  |  | $ | 299,576 |  |  | $ | 281,731 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |
Dividends from subsidiaries |  |  | 297,792 |  |  |  | 852,325 |  |  |  | 82,856 |
Net cash provided by investing activities |  |  | 297,792 |  |  |  | 852,325 |  |  |  | 82,856 |
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |
Payments of common stock dividends |  |  | (92,166 | ) |  |  | (84,298 | ) |  |  | (73,925 | )
Purchase of common stock |  |  | (591,212 | ) |  |  | (1,064,253 | ) |  |  | (300,250 | )
Other |  |  | 2,870 |  |  |  | (3,350 | ) |  |  | 9,588 |
Net cash used in financing activities |  |  | (680,508 | ) |  |  | (1,151,901 | ) |  |  | (364,587 | )
CHANGE IN CASH AND CASH EQUIVALENTS |  |  | — |  |  |  | — |  |  |  | — |
CASH AND CASH EQUIVALENTS, AT BEGINNING OF PERIOD |  |  | 6 |  |  |  | 6 |  |  |  | 6 |
CASH AND CASH EQUIVALENTS, AT END OF PERIOD |  | $ | 6 |  |  | $ | 6 |  |  | $ | 6 |
See accompanying notes to the Schedule I.
Domino’s Pizza, Inc. NOTES TO PARENT COMPANY FINANCIAL STATEMENTS
(1) | Introduction and Basis of Presentation
Domino’s Pizza, Inc., on a stand-alone basis, (the “Parent Company”) has accounted for majority-owned subsidiaries using the equity method of accounting. The accompanying condensed financial statements of the Parent Company should be read in conjunction with the consolidated financial statements of Domino’s Pizza, Inc. and its subsidiaries (the “Company”) and the notes thereto included in Item 8 of this Form 10-K. These financial statements have been provided to comply with Rule 4-08(e) of Regulation S-X. Use of Estimates The use of estimates is inherent in the preparation of financial statements in accordance with generally accepted accounting principles. Actual results could differ from those estimates. New Accounting Pronouncements During 2018, the Company adopted the below new accounting pronouncements that impacted the Parent Company financial statements. Accounting Standards Update 2014-09, Revenue from Contracts with Customers (Topic 606) In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2014-09, Revenue from Contracts with Customers (Topic 606) and has since issued various amendments which provide additional clarification and implementation guidance. This standard has been codified as ASC 606. This guidance outlines a single, comprehensive model for entities to use in accounting for revenue arising from contracts with customers and superseded most revenue recognition guidance issued by the FASB, including industry specific guidance. On January 1, 2018, the Company adopted ASC 606 using the modified retrospective method. The Parent Company recorded a $6.7 million adjustment to equity in net deficit of subsidiaries and recorded a $6.7 million adjustment to retained deficit related to this new accounting standard in 2018. See Note 1 to the Company’s consolidated financial statements as filed in this Form 10-K for additional information related to the adoption of this new accounting standard. ASU 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220) In February 2018, the FASB issued ASU 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income . The amendments in this updated standard allow a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act of 2017. The Parent Company adopted this standard in 2018 and, as a result, recorded a $0.4 million reclassification from accumulated other comprehensive loss to the beginning balance of retained deficit in 2018.
(2) | Supplemental Disclosures of Cash Flow Information
During 2018, 2017 and 2016, the Parent Company received dividends from its subsidiaries primarily consisting of amounts received to repurchase common stock in connection with the Company’s 2018 and 2017 recapitalization transactions. See Note 4 to the Company’s consolidated financial statements as filed in this Form 10-K for a description of the recapitalization transactions that occurred in 2018 and 2017.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 + Details
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