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v3.19.3.a.u2

Series B Convertible Preferred Stock (Details) - USD ($) $ / shares in Units, $ in Thousands |  |  |  | 12 Months Ended
--- | --- | --- | --- | ---
Dec. 16, 2019 | Mar. 28, 2019 | Feb. 03, 2019 | Dec. 29, 2019
Redeemable Preferred Shares |  |  |  |
Preferred stock dividend rate |  |  |  | 3.60%
Temporary equity |  |  |  | $ 251,133
Dividends paid to preferred shareholders |  |  |  | 10,020
Series B Preferred Stock rollforward |  |  |  |
Balance at end of period |  |  |  | 251,133
General and administrative expenses |  |  |  |
Redeemable Preferred Shares |  |  |  |
Temporary equity adjustment |  |  |  | 5,900
Temporary equity adjustment |  |  |  | 5,600
Series B Preferred Stock |  |  |  |
Redeemable Preferred Shares |  |  |  |
Temporary equity |  |  |  | 251,133
Dividends paid to preferred shareholders |  |  |  | 5,700
Preferred dividends | $ 2,300 |  |  | 5,700
Dividends declared | $ 2,300 |  |  |
Common stock dividends paid to preferred shareholders |  |  |  | 4,300
Series B Preferred Stock rollforward |  |  |  |
Balance at beginning of period |  |  |  |
Issuance of preferred stock |  |  |  | 252,530
One time market-to-market adjustment |  |  |  | 5,914
Issuance costs |  |  |  | (7,527)
Accretion |  |  |  | 216
Balance at end of period |  |  |  | 251,133
Series B Preferred Stock | Franchisee |  |  |  |
Redeemable Preferred Shares |  |  |  |
Aggregate purchase price of shares |  | $ 2,500 |  |
Temporary equity adjustment |  |  |  | 300
Series B Preferred Stock | Securities Purchase Agreement |  |  |  |
Redeemable Preferred Shares |  |  |  |
Aggregate purchase price of shares |  | $ 50,000 | $ 200,000 |
Purchase price per share |  |  | $ 1,000 |
Preferred stock dividend rate |  |  | 3.60% |
Conversion rate (as a percent) |  |  | $ 50.06 |
Initial redemption term |  |  | 8 years |
Exchange Cap (as a percent) |  |  | 19.99% |
Issuance costs |  |  |  | 7,500
Redemption value |  |  | $ 252,500 |
Series B Preferred Stock | General and administrative expenses |  |  |  |
Redeemable Preferred Shares |  |  |  |
Aggregate purchase price of shares |  |  |  | 50,000
Series B Preferred Stock | General and administrative expenses | Securities Purchase Agreement |  |  |  |
Redeemable Preferred Shares |  |  |  |
Temporary equity adjustment |  |  |  | $ 5,600

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