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Nature of Operations and Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Sep. 27, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Summary of Number of Restaurants | The following table summarizes the number of restaurants as of the end of each fiscal year:
|  | 2020 |  | 2019 |  | 2018
Company-operated |  | 144 |  | 137 |  | 137
Franchise |  | 2,097 |  | 2,106 |  | 2,100
Total system |  | 2,241 |  | 2,243 |  | 2,237
The following table summarizes the number of restaurants sold to franchisees and gains recognized in each fiscal year (dollars in thousands):
|  | 2020 |  | 2019 |  | 2018
Restaurants sold to franchisees |  | — |  |  | — |  |  | 135 |
Proceeds from the sale of company-operated restaurants: |  |  |  |  |  |
Cash (1) |  | $ | 3,395 |  |  | $ | 1,280 |  |  | $ | 26,486 |
Notes receivable |  | — |  |  | — |  |  | 70,461 |
|  | $ | 3,395 |  |  | $ | 1,280 |  |  | $ | 96,947 |
Net assets sold (primarily property and equipment) |  | $ | — |  |  | $ | — |  |  | $ | (21,329) |
Goodwill related to the sale of company-operated restaurants |  | — |  |  | (2) |  |  | (4,663) |
Other (2) |  | (134) |  |  | 88 |  |  | (24,791) |
Gains on the sale of company-operated restaurants |  | $ | 3,261 |  |  | $ | 1,366 |  |  | $ | 46,164 |
________________________ (1)Amounts in 2020, 2019, and 2018 include additional proceeds of $3.4 million, $1.3 million, and $1.4 million, respectively, related to the extension of the underlying franchise and lease agreements from the sale of restaurants in prior years. (2)Amounts in 2018 primarily represent $9.2 million of costs related to franchise remodel incentives, $8.7 million reduction of gains related to the modification of certain 2017 refranchising transactions, $2.3 million of maintenance and repair expenses and $3.7 million of other miscellaneous non-capital charges.
Summary of New Accounting Standard Impact | The effects of the changes made to the Company's consolidated balance sheet as of September 29, 2019 for the adoption of the new lease guidance were as follows (in thousands):
| Balance at September 29, 2019 |  | Adjustments due to ASC 842 adoption |  | Balance at September 30, 2019
Assets |  |  |  |  |
Other assets: |  |  |  |  |
Operating lease ROU assets | $ | — |  |  | $ | 880,564 |  |  | $ | 880,564 |
Intangible assets, net | $ | 425 |  |  | $ | (386) |  |  | $ | 39 |
Deferred tax assets | $ | 85,564 |  |  | $ | 1,006 |  |  | $ | 86,570 |
Liabilities and Stockholders’ Deficit |  |  |  |  |
Current liabilities: |  |  |  |  |
Current operating lease liabilities | $ | — |  |  | $ | 159,821 |  |  | $ | 159,821 |
Accrued liabilities | $ | 120,083 |  |  | $ | (4,702) |  |  | $ | 115,381 |
Long-term liabilities: |  |  |  |  |
Long-term operating lease liabilities, net of current portion | $ | — |  |  | $ | 770,818 |  |  | $ | 770,818 |
Other long-term liabilities | $ | 263,770 |  |  | $ | (41,883) |  |  | $ | 221,887 |
Stockholders’ deficit: |  |  |  |  |
Retained earnings | $ | 1,577,034 |  |  | $ | (2,870) |  |  | $ | 1,574,164 |

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