XML 57 R45.htm IDEA: XBRL DOCUMENT
v3.22.1

Debt - Credit Agreements (Details) |  | 3 Months Ended |  |  |
--- | --- | --- | --- | --- | ---
Sep. 14, 2021 USD ($) | Mar. 27, 2022 USD ($) item | Mar. 28, 2021 USD ($) | Dec. 26, 2021 USD ($) | Sep. 26, 2021 USD ($) | Dec. 27, 2020 USD ($)
Debt |  |  |  |  |  |
Outstanding debt |  | $ 537,000,000 |  | $ 490,000,000 |  |
Debt issuance costs |  | 8,912,000 |  | 9,270,000 |  |
Dividends paid to common shareholders |  | 12,608,000 | $ 7,404,000 |  |  |
PJI Facilities |  |  |  |  |  |
Debt |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  | $ 600,000,000.0 |  |  |  |
Number of quarters in interest margin period | item |  | 4 |  |  |  |
Line of credit facility, maximum borrowing capacity of foreign currencies |  | $ 50,000,000.0 |  |  |  |
Additional amount that company has option to increase borrowing capacity |  | $ 500,000,000.0 |  |  |  |
PJI Facilities | Minimum |  |  |  |  |  |
Debt |  |  |  |  |  |
Percentage of commitment fee on unused credit facility |  | 0.18% |  |  |  |
PJI Facilities | Maximum |  |  |  |  |  |
Debt |  |  |  |  |  |
Percentage of commitment fee on unused credit facility |  | 0.30% |  |  |  |
PJI Facilities | LIBOR | Minimum |  |  |  |  |  |
Debt |  |  |  |  |  |
Interest margin rate on debt |  | 1.25% |  |  |  |
PJI Facilities | LIBOR | Maximum |  |  |  |  |  |
Debt |  |  |  |  |  |
Interest margin rate on debt |  | 2.00% |  |  |  |
PJI Facilities | Base rate | Minimum |  |  |  |  |  |
Debt |  |  |  |  |  |
Interest margin rate on debt |  | 0.25% |  |  |  |
PJI Facilities | Base rate | Maximum |  |  |  |  |  |
Debt |  |  |  |  |  |
Interest margin rate on debt |  | 1.00% |  |  |  |
PJI Facilities | Federal funds rate |  |  |  |  |  |
Debt |  |  |  |  |  |
Interest margin rate on debt |  | 0.50% |  |  |  |
PJI Facilities | London Interbank Offered Rate |  |  |  |  |  |
Debt |  |  |  |  |  |
Interest margin rate on debt |  | 1.00% |  |  |  |
Amendment to Credit Agreement | Minimum |  |  |  |  |  |
Debt |  |  |  |  |  |
Interest coverage ratio |  | 2.00 |  |  |  |
Amendment to Credit Agreement | Maximum |  |  |  |  |  |
Debt |  |  |  |  |  |
Leverage Ratio |  | 5.25 |  |  |  |
Increase to maximum leverage ratio |  | 0.50 |  |  |  |
PJMF Revolving Facility |  |  |  |  |  |
Debt |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  | $ 20,000,000.0 |  |  |  |
Outstanding debt |  | $ 0 |  | 0 | $ 0 | $ 0
PJMF Revolving Facility | One-month LIBOR |  |  |  |  |  |
Debt |  |  |  |  |  |
Interest margin rate on debt |  | 1.75% |  |  |  |
Notes |  |  |  |  |  |
Debt |  |  |  |  |  |
Principal amount | $ 400,000,000.0 |  |  |  |  |
Outstanding debt |  | $ 400,000,000 |  | $ 400,000,000 |  |
Fixed interest rate | 3.875% | 3.875% |  | 3.875% |  |
Notes | Redemption at any time prior to September 15, 2024 |  |  |  |  |  |
Debt |  |  |  |  |  |
Redemption price percentage | 100.00% |  |  |  |  |
Notes | Redemption upto 40% at any time prior to September 15,2024 |  |  |  |  |  |
Debt |  |  |  |  |  |
Redemption price percentage | 103.875% |  |  |  |  |
Notes | Minimum | Redemptionat at any time on or after September 15, 2024 |  |  |  |  |  |
Debt |  |  |  |  |  |
Redemption price percentage | 0.97% |  |  |  |  |
Notes | Maximum | Redemptionat at any time on or after September 15, 2024 |  |  |  |  |  |
Debt |  |  |  |  |  |
Redemption price percentage | 1.94% |  |  |  |  |
Notes | Maximum | Redemption upto 40% at any time prior to September 15,2024 |  |  |  |  |  |
Debt |  |  |  |  |  |
Redemption percentage | 0.40 |  |  |  |  |
Swingline loans |  |  |  |  |  |
Debt |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  | $ 40,000,000.0 |  |  |  |
Revolving line of credit |  |  |  |  |  |
Debt |  |  |  |  |  |
Outstanding debt |  | 137,000,000 |  | $ 90,000,000 |  |
Letter of credit |  |  |  |  |  |
Debt |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  | $ 80,000,000.0 |  |  |  |

X
- Definition Percentage of original principal amount of debt at which debt can be redeemed by the issuer. + References No definition available. + Details
Name: | pzza_DebtInstrumentRedemptionPercentage
Namespace Prefix: | pzza_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition Increase to maximum ratio of indebtedness to EBITDA. + References No definition available. + Details
Name: | pzza_IncreaseToMaximumRatioOfIndebtednessToEbitda
Namespace Prefix: | pzza_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | instant

X
- Definition The interest coverage ratio. + References No definition available. + Details
Name: | pzza_InterestCoverageRatio
Namespace Prefix: | pzza_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | instant

X
- Definition The contingent increase above the maximum borrowing capacity under the credit facility, if any one or more of the existing banks or new banks agree to provide such increased commitment amount. + References No definition available. + Details
Name: | pzza_LineOfCreditFacilityContingentIncreaseAdditionalBorrowingCapacity
Namespace Prefix: | pzza_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Maximum borrowing capacity in foreign currencies under the credit facility. + References No definition available. + Details
Name: | pzza_LineOfCreditFacilityMaximumBorrowingCapacityForeignCurrencies
Namespace Prefix: | pzza_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Represents the number of quarters included in the interest margin period. + References No definition available. + Details
Name: | pzza_NumberOfQuartersIncludedInInterestMarginPeriod
Namespace Prefix: | pzza_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Ratio of debt to EBITDA. + References No definition available. + Details
Name: | pzza_RatioOfIndebtednessToEbitda
Namespace Prefix: | pzza_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | instant

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (b)(1) -URI http://asc.fasb.org/extlink&oid=123466204&loc=SL6031897-161870 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 + Details
Name: | us-gaap_DebtInstrumentCarryingAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Face (par) amount of debt instrument at time of issuance. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=124429444&loc=SL124452920-239629 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69C -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495737-112612 Reference 6: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 + Details
Name: | us-gaap_DebtInstrumentFaceAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Percentage price of original principal amount of debt at which debt can be redeemed by the issuer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Subparagraph e -URI http://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823 + Details
Name: | us-gaap_DebtInstrumentRedemptionPricePercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount, after accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.17) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1D -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495340-112611 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28555-108399 + Details
Name: | us-gaap_DeferredFinanceCostsNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The fee, expressed as a percentage of the line of credit facility, for available but unused credit capacity under the credit facility. + References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of cash outflow in the form of ordinary dividends to common shareholders of the parent entity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3291-108585 + Details
Name: | us-gaap_PaymentsOfDividendsCommonStock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | us-gaap_DebtInstrumentAxis=pzza_CreditAgreementEnteredOnAugust302017Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_LondonInterbankOfferedRateLIBORMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=pzza_CreditFacilitiesBaseRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=pzza_FederalFundsRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=pzza_LondonInterbankOfferedRatesLiborMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=pzza_AmendmentToCreditAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=pzza_PapaJohnsMarketingFundRevolvingFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=pzza_OneMonthLiborMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=us-gaap_SeniorNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementScenarioAxis=pzza_RedemptionatAtAnyTimePriorToSeptember152024Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementScenarioAxis=pzza_RedemptionaUpto40PercentAtAnyTimePriorToSeptember152024Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementScenarioAxis=pzza_RedemptionatAtAnyTimeOnOrAfterSeptember152024Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=pzza_SwinglineLoansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_LetterOfCreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |