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Fair Value of Financial Instruments
 12 Months Ended
Dec. 26, 2012
Fair Value Disclosures [Abstract]  
Fair Value of Financial Instruments
Fair Value of Financial Instruments

Fair Value of Assets and Liabilities Measured on a Recurring and Nonrecurring Basis
 
Financial assets and liabilities measured at fair value on a recurring basis are summarized below:

 
Fair Value Measurements as of December 26, 2012
 
Total
 
Quoted Prices in Active Markets for Identical Assets/Liabilities
(Level 1)
 
Significant Other Observable Inputs
(Level 2)
 
Significant Unobservable Inputs
(Level 3)
 
Valuation Technique
 
(In thousands)
 
 
Deferred compensation plan investments 
$
6,371

 
$
6,371

 
$
—

 
$
—

 
market approach
Interest rate caps
$
8

 
$
—

 
$
8

 
$
—

 
income approach
Total
$
6,379

 
$
6,371

 
$
8

 
$
—

 
 
 
 
Fair Value Measurements as of December 28, 2011
 
Total
 
Quoted Prices in Active Markets for Identical Assets/Liabilities
(Level 1)
 
Significant Other Observable Inputs
(Level 2)
 
Significant Unobservable Inputs
(Level 3)
 
Valuation Technique
 
(In thousands)
 
 
Deferred compensation plan investments 
$
4,935

 
$
4,935

 
$
—

 
$
—

 
market approach
Total
$
4,935

 
$
4,935

 
$
—

 
$
—

 
 

 
In addition to the financial assets and liabilities that are measured at fair value on a recurring basis, we measure certain assets and liabilities at fair value on a nonrecurring basis. As of December 26, 2012 and December 28, 2011, impaired assets related to underperforming restaurants were written down to a fair value of $0.2 million and $0.0 million, respectively, based on the income approach.
 
Disclosures of Fair Value of Other Assets and Liabilities
 
The liabilities under our credit facility and capital leases are carried at historical cost in our Consolidated Balance Sheets. As of December 26, 2012, the estimated fair values of our senior secured term loan and capital lease obligations approximated their carrying values. As of December 28, 2011, the estimated fair value of our senior secured term loan and capital lease obligations was $220.1 million, as compared with the book value of $220.6 million. The difference relates to market quotations for our senior secured term loan.