XML 54 R14.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Fair Value of Financial Instruments | 9 Months Ended
--- | ---
Sep. 24, 2014
Fair Value Disclosures [Abstract] |
Fair Value Disclosures | 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:
| 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) |  |
Fair value measurements as of September 24, 2014: |  |  |  |  |  |  |  |  |
Deferred compensation plan investments (1) | $ | 8,880 |  |  | $ | 8,880 |  |  | $ | — |  |  | $ | — |  |  | market approach
Interest rate swaps (2) | 1,854 |  |  | — |  |  | 1,854 |  |  | — |  |  | income approach
Interest rate caps (2) | 0 |  |  | — |  |  | 0 |  |  | — |  |  | income approach
Total | $ | 10,734 |  |  | $ | 8,880 |  |  | $ | 1,854 |  |  | $ | — |  |  |
Fair value measurements as of December 25, 2013: |  |  |  |  |  |  |  |  |
Deferred compensation plan investments (1) | $ | 8,168 |  |  | $ | 8,168 |  |  | $ | — |  |  | $ | — |  |  | market approach
Interest rate swaps (2) | 3,032 |  |  | — |  |  | 3,032 |  |  | — |  |  | income approach
Interest rate caps (2) | 11 |  |  | — |  |  | 11 |  |  | — |  |  | income approach
Total | $ | 11,211 |  |  | $ | 8,168 |  |  | $ | 3,043 |  |  | $ | — |  |  |
(1) | The fair values of our deferred compensation plan investments are based on the closing market prices of the participants’ elected investments.
(2) | The fair values of our interest rate swaps and interest rate caps are based upon Level 2 inputs, which include valuation models as reported by our counterparties. The key inputs for the valuation models are quoted market prices, interest rates and forward yield curves. See Note 7 for details on the interest rate swaps and interest rate caps.
Those assets and liabilities measured at fair value on a nonrecurring basis are summarized below:
|  | Significant Unobservable Inputs (Level 3) |  | Impairment Charges |  | Valuation Technique
Fair value measurements as of September 24, 2014: |  |  |  |  |  |
Assets held and used (1) |  | $ | — |  |  | $ | 320 |  |  | income approach
Fair value measurements as of December 25, 2013: |  |  |  |  |  |
Assets held and used (1) |  | $ | 1,198 |  |  | $ | 4,795 |  |  | income approach
(1) | As of both September 24, 2014 and December 25, 2013, impaired assets related to an underperforming restaurant were written down to their fair value. To determine fair value, we used the income approach, which assumes that the future cash flows reflect current market expectations. These fair value measurements require significant judgment using Level 3 inputs, such as discounted cash flows from operations, which are not observable from the market, directly or indirectly.

X
- Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 21 -URI http://asc.fasb.org/extlink&oid=35750535&loc=d3e13537-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=35750535&loc=d3e13433-108611 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14064-108612 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=35750535&loc=d3e13504-108611 + Details
Name: | us-gaap_FairValueDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration