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Fair Value Measurements (Tables)

6 Months Ended

Jun. 16, 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 June 16, 2019 and December 30, 2018:

		At June 16, 2019
						Fair Value Estimated Using
		Carrying				Level 1				Level 2				Level 3
		Amount				Inputs				Inputs				Inputs
Cash equivalents		$	93,178			$	93,178			$	—			$	—
Restricted cash equivalents			91,476				91,476				—				—
Investments in marketable securities			10,068				10,068				—				—
Advertising fund cash equivalents, restricted			52,055				52,055				—				—
Advertising fund investments, restricted			35,000				35,000				—				—

		At December 30, 2018
						Fair Value Estimated Using
		Carrying				Level 1				Level 2				Level 3
		Amount				Inputs				Inputs				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:

		June 16, 2019								December 30, 2018
		Principal Amount				Fair Value				Principal Amount				Fair Value
2015 Ten-Year Fixed Rate Notes		$	776,000			$	810,920			$	780,000			$	783,120
2017 Five-Year Fixed Rate Notes			589,500				589,500				592,500				575,910
2017 Ten-Year Fixed Rate Notes			982,500				1,014,923				987,500				956,888
2017 Five-Year Floating Rate Notes			294,750				294,455				296,250				295,065
2018 7.5-Year Fixed Rate Notes			420,750				432,952				422,875				416,955
2018 9.25-Year Fixed Rate Notes			396,000				413,820				398,000				396,010

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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