XML 33 R21.htm IDEA: XBRL DOCUMENT
v3.20.2

Fair Value Measurements (Tables) | 8 Months Ended
--- | ---
Sep. 06, 2020
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 fair value of the Company’s Level 3 investment (Note 9) is not readily determinable. The fair value represents its cost with adjustments for observable changes in prices resulting from orderly transactions for the identical or a similar investment of the same issuer or impairments. The following tables summarize the carrying amounts and estimated fair values of certain assets at September 6, 2020 and December 29, 2019:
|  | At September 6, 2020 |
|  |  |  |  | Fair Value Estimated Using |
|  | Carrying Amount |  |  | Level 1 Inputs |  |  | Level 2 Inputs |  |  | Level 3 Inputs |
Cash equivalents |  | $ | 276,905 |  |  | $ | 276,905 |  |  | $ | — |  |  | $ | — |
Restricted cash equivalents |  |  | 102,763 |  |  |  | 102,763 |  |  |  | — |  |  |  | — |
Investments in marketable securities |  |  | 12,043 |  |  |  | 12,043 |  |  |  | — |  |  |  | — |
Advertising fund cash equivalents, restricted |  |  | 97,190 |  |  |  | 97,190 |  |  |  | — |  |  |  | — |
Investments (Note 9) |  |  | 40,000 |  |  |  | — |  |  |  | — |  |  |  | 40,000 |
|  | At December 29, 2019 |
|  |  |  |  | Fair Value Estimated Using |
|  | Carrying Amount |  |  | Level 1 Inputs |  |  | Level 2 Inputs |  |  | Level 3 Inputs |
Cash equivalents |  | $ | 180,459 |  |  | $ | 180,459 |  |  | $ | — |  |  | $ | — |
Restricted cash equivalents |  |  | 126,963 |  |  |  | 126,963 |  |  |  | — |  |  |  | — |
Investments in marketable securities |  |  | 11,982 |  |  |  | 11,982 |  |  |  | — |  |  |  | — |
Advertising fund cash equivalents, restricted |  |  | 67,851 |  |  |  | 67,851 |  |  |  | — |  |  |  | — |
Schedule of Estimated Fair Value | Company management estimated the approximate fair values of the 2015 fixed rate notes, the 2017 fixed and floating rate notes, the 2018 fixed rate notes and the 2019 fixed rate notes as follows:
|  | September 6, 2020 |  |  | December 29, 2019 |
|  | Principal Amount |  |  | Fair Value |  |  | Principal Amount |  |  | Fair Value |
2015 Ten-Year Fixed Rate Notes |  | $ | 768,000 |  |  | $ | 821,760 |  |  | $ | 774,000 |  |  | $ | 804,960 |
2017 Five-Year Fixed Rate Notes |  |  | 583,500 |  |  |  | 585,251 |  |  |  | 588,000 |  |  |  | 588,588 |
2017 Ten-Year Fixed Rate Notes |  |  | 972,500 |  |  |  | 1,046,410 |  |  |  | 980,000 |  |  |  | 1,017,240 |
2017 Five-Year Floating Rate Notes |  |  | 291,750 |  |  |  | 291,458 |  |  |  | 294,000 |  |  |  | 294,000 |
2018 7.5-Year Fixed Rate Notes |  |  | 416,500 |  |  |  | 443,156 |  |  |  | 419,688 |  |  |  | 431,439 |
2018 9.25-Year Fixed Rate Notes |  |  | 392,000 |  |  |  | 425,320 |  |  |  | 395,000 |  |  |  | 414,355 |
2019 Ten-Year Fixed Rate Notes |  |  | 669,938 |  |  |  | 706,114 |  |  |  | 675,000 |  |  |  | 675,675 |

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=121572278&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=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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. + Details
Name: | us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration