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Significant Accounting Policies (Tables) | 6 Months Ended
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Jun. 25, 2017
Significant Accounting Policies |
Schedule of Income Before Income Taxes Attributable to Joint Ventures |
|  | Three Months Ended |  | Six Months Ended
|  | June 25, |  | June 26, |  | June 25, |  | June 26,
|  | 2017 |  | 2016 |  | 2017 |  | 2016
Papa John’s International, Inc. |  | $ | 2,341 |  | $ | 2,529 |  | $ | 4,703 |  | $ | 5,289
Noncontrolling interests |  |  | 1,444 |  |  | 1,571 |  |  | 2,915 |  |  | 3,440
Total income before income taxes |  | $ | 3,785 |  | $ | 4,100 |  | $ | 7,618 |  | $ | 8,729
Schedule of Joint Ventures in Which There are Noncontrolling Interests |
Type of Joint Venture Arrangement |  | Location within the Balance Sheets |  | Recorded Value
Joint venture with no redemption feature |  | Permanent equity |  | Carrying value
Option to require the Company to purchase the noncontrolling interest - currently redeemable |  | Temporary equity |  | Redemption value*
Option to require the Company to purchase the noncontrolling interest - not currently redeemable |  | Temporary equity |  | Carrying value
*The change in redemption value is recorded as an adjustment to “Redeemable noncontrolling interests” and “Retained earnings” in the condensed consolidated balance sheets.
Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis |
|  | Carrying |  | Fair Value Measurements |
|  | Value |  | Level 1 |  | Level 2 |  | Level 3 |
June 25, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Cash surrender value of life insurance policies (a) |  | $ | 25,396 |  | $ | 25,396 |  | $ | — |  | $ | — |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps (b) |  |  | 3,095 |  |  | — |  |  | 3,095 |  |  | — |
December 25, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Cash surrender value of life insurance policies (a) |  | $ | 21,690 |  | $ | 21,690 |  | $ | — |  | $ | — |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps (b) |  |  | 770 |  |  | — |  |  | 770 |  |  | — |
| (a) |  | Represents life insurance policies held in our non-qualified deferred compensation plan.
| (b) |  | The fair value of our interest rate swaps are based on the sum of all future net present value cash flows. The future cash flows are derived based on the terms of our interest rate swaps, as well as considering published discount factors, and projected London Interbank Offered Rates (“LIBOR”).

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- Definition Tabular disclosure of joint ventures, which includes noncontrolling interests. + References No definition available. + Details
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- Definition Tabular disclosure of pre-tax income attributable to noncontrolling interest. + References No definition available. + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 + Details
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