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Fair Value Measurements (Tables)

3 Months Ended

Mar. 24, 2019

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 March 24, 2019 and December 30, 2018:

		At March 24, 2019
						Fair Value Estimated Using
		Carrying Amount				Level 1 Inputs				Level 2 Inputs				Level 3 Inputs
Cash equivalents		$	48,467			$	48,467			$	—			$	—
Restricted cash equivalents			90,014				90,014				—				—
Investments in marketable securities			10,187				10,187				—				—
Advertising fund cash equivalents, restricted			22,847				22,847				—				—
Advertising fund investments, restricted			50,152				50,152				—				—

		At December 30, 2018
						Fair Value Estimated Using
		Carrying Amount				Level 1 Inputs				Level 2 Inputs				Level 3 Inputs
Cash equivalents		$	11,877			$	11,877			$	—			$	—
Restricted cash equivalents			112,272				112,272				—				—
Investments in marketable securities			8,718				8,718				—				—
Advertising fund cash equivalents, restricted			31,547				31,547				—				—
Advertising fund investments, restricted			50,152				50,152				—				—

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:

		March 24, 2019								December 30, 2018
		Principal Amount				Fair Value				Principal Amount				Fair Value
2015 Ten-Year Fixed Rate Notes		$	778,000			$	804,452			$	780,000			$	783,120
2017 Five-Year Fixed Rate Notes			591,000				582,726				592,500				575,910
2017 Ten-Year Fixed Rate Notes			985,000				991,895				987,500				956,888
2017 Five-Year Floating Rate Notes			295,500				294,318				296,250				295,065
2018 7.5-Year Fixed Rate Notes			421,813				427,297				422,875				416,955
2018 9.25-Year Fixed Rate Notes			397,000				404,940				398,000				396,010

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- 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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